Volkswagen

Volkswagen Says It May Spin Off Lamborghini, Ducati

(CNN) - Volkswagen's CEO has indicated the company might spin off its premium Italian brands. They include Lamborghini and Ducati. If it happens, they would become separate companies. This is the same thing Fiat Chrysler did with Ferrari in…

Volkswagen Closes Mexico Factories

(CNN) - German automaker Volkswagen has temporarily shutdown two of its plants in Mexico. The company announced Friday that it will close plants in Guanajuato and Puebla in response to the growing coronavirus pandemic. Production at both plants will…

Volkswagen To Temporarily Halt Production

(CNN) - Volkswagen has announced that production will be suspended temporarily due to coronavirus concerns. The works' council for the German carmaker said on Tuesday that the last shift would run this Friday, March 20th. VW confirmed recently that…

Volkswagen Increasing Electric Car Numbers

(CNN) - Volkswagen is hitting the gas when it comes to eliminating gas. The German car maker is boosting the number of electric cars it plans to build. Before Tuesday, the plan was to build 50 and sell 15…

Ford/Volkswagen Team To Build Vans And Pickups

(CNN) - Ford and Volkswagen are joining forces. The automakers said they signed an agreement to develop commercial vans and medium-sized pickups starting in 2022. They also agreed to investigate how they can work together to develop next generation…

Volkswagen Dumps Jailed Audi CEO Amid Emissions Probe

(CNN) - Volkswagen has severed ties with suspended Audi CEO Rupert Stadler. In a statement, the Volkswagen group says Stadler has stepped down as chairman of the premium brand's management board. He has also left his seat on Volkswagen's…

Last VW Beetle to Be Made in 2019

(CNN) - Volkswagen is putting the brakes on the production of its legendary Beetle. The company says the last Beetle will be made at its factory in Puebla, Mexico in July 2019. But not before the company makes a…

Volkswagen Fined Over A Billion Dollars

(CNN) - Prosecutors in Germany have imposed a $1.2 billion fine on Volkswagen. The penalty was announced Wednesday. Volkswagen first admitted in 2015 it had rigged millions of diesel engines to cheat on emissions tests. The Carmaker has accepted…

Volkswagen to Stop Burning Coal to Build Cars

(CNN) - Thursday Volkswagen announced a move to combat climate change not in how its cars use fuel, but how the company makes its cars. Europe's biggest automaker said it will stop using coal to power its assembly plant in…

Volkswagen Workers Get Pay Bump, More Vacay

(CNN) - Volkswagen workers in Germany are about to get a bump in pay, and in some cases, more time off. It's the result of a deal negotiated by roughly 120,000 unionized employees. The pay raise will start in May,…