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Retail Asia17/02/2020

Volkswagen, one of the world’s biggest carmakers, on Friday said deliveries in China declined by 11.3% in January as the auto sector feels the effects of the coronavirus outbreak. The German company said the group, which includes brands like Volkswagen and Audi, delivered 343,400 vehicles in China and Hong Kong. The country is VW’s biggest […]

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Retail Asia17/01/2020

Volkswagen Chief Executive Herbert Diess said the German carmaker needs to accelerate its transformation to avoid becoming another Nokia, which lost its dominance in the handset market to Apple. “The big questions is: Are we fast enough?,” Diess told VW’s senior managers following a global board meeting on Thursday. “If we continue at our current […]

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Retail Asia06/01/2020

Volkswagen on Thursday said it was in talks to discuss a settlement with German vehicle owners who are suing the carmaker over excessive pollution caused by VW’s diesel cars. In 2015 the carmaker admitted to using manipulated engine management software to mask excessive pollution levels in its diesel cars, sparking a raft of prosecutions and […]

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Retail Asia16/12/2019

Volkswagen’s German plants need to boost efficiency to match overseas operations, production chief Andreas Tostmann was quoted as saying, targeting 2 billion euros ($2.2 billion) in savings by 2023. German carmakers, including Volkswagen’s Audi brand, have announced thousands of job cuts in recent weeks to address an expected 5% drop in global auto sales this year, […]

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Retail Asia06/11/2019

Volkswagen AG is ramping up production of electric cars to around 1 million vehicles by end of 2022, according to manufacturing plans seen by Reuters, enabling the German carmaker to leapfrog Tesla Inc and making China the key battleground. Volkswagen is readying two Chinese factories to build electric cars next year. The Chinese plants will have […]

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Retail Asia27/08/2019

After missing out on the Auto Expo in 2018, Volkswagen India has confirmed that it will participate in the 2020 Auto Expo which is all set to be held from February 7 2020. We’ve already told you about the dates of the 2020 Auto Expo but Volkswagen promises that there’s a lot that it will bring […]

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Retail Asia09/08/2019

Volkswagen Group shares rose 2 percent after the carmaker posted a 30 percent rise in second-quarter operating profit despite a drop in vehicle sales as rising demand for sports utility vehicles and premium brands boosted margins. Volkswagen bucked a trend of falling demand for passenger cars by launching a range of higher-margin sports utility vehicles […]

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Retail Asia14/06/2019

Automotive supplier Bosch has agreed to pay a 90 million euros ($100.21 million) fine for lapses in supervisory duties which enabled carmakers to engage in emissions cheating, German prosecutors in the city of Stuttgart said on Friday. Privately-held Bosch, the world’s biggest automotive supplier, delivered around 17 million technical devices equipped with engine management software, […]

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Retail Asia19/04/2019

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European Union authorities said Friday that German automakers BMW, Daimler and Volkswagen colluded to limit the development of emissions-cleaning technology in cars. The finding adds to the car industry’s woes after Volkswagen in 2015 admitted to cheating on emissions tests in the U.S., which led to a worldwide reevaluation of how cars are tested and how to limit emissions to […]

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Retail Asia16/04/2019

Volkswagen is all set to bring in the ID. ROOMZZ1 concept at the Auto Shanghai 2019. The ID. ROOMMZZ1 is the next member of the ID family and gives us a glimpse into the company’s upcoming version of a zero emission SUV. The production version based on the ID ROOMMZZ1 will first make its debut […]

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Retail Asia08/04/2019

Volkswagen on Wednesday said it has teamed up with Amazon Web Services to link up and integrate the data from 122 VW Group plants, machines and systems, as a way to improve its production systems and processes. Amazon will help Volkswagen join up its plants and supply chain with over 30,000 locations and 1,500 suppliers […]

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Retail Asia29/03/2019

Skoda plans to build three electric cars based on the Volkswagen Group’s MEB platform in the Czech Republic within the next four years, including a small, affordable model. Skoda’s flagship MEB electric car will be based on the Vision IV coupe crossover concept revealed at the Geneva auto show earlier this month. It will be […]

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Retail Asia05/03/2019

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The auto industry’s big push into electric vehicles will lead to a big problem down the road: What to do with all those lithium ion batteries once they’ve lost their oomph? It’s the central question behind a pilot recycling project that Volkswagen Group plans to launch at a factory in Salzgitter, Germany, about 30 miles […]

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Retail Asia07/12/2018

Volkswagen launched its sleek new midsize Arteon sedan in Korea on Wednesday with high hopes that the car will overshadow consumers’ memories of the company’s emissions rigging scandal, which was first revealed three years ago. The sedan is the last of the five cars the German automaker promised to roll out in the local market […]

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Retail Asia16/11/2018

SK Innovation is supplying electric car batteries to Volkswagen Group along with existing suppliers LG Chem and Samsung SDI, the Korean battery maker said Wednesday. The Volkswagen Group brands plan to launch 50 new fully electric models by 2025, and the group said it needs more battery supplies in a statement Tuesday. SK Innovation was the […]

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Retail Asia19/10/2018

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Skoda says it will rename its Rapid compact hatchback the Scala when the new model goes on sale next year. The car’s name comes from the Latin word for “ladder,” Skoda said in a statement. The Scala was previewed as the Vision RS concept that was unveiled at the Paris auto show this month. The name […]

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Retail Asia16/07/2018

Audi and Volkswagen have roared back to the Korean imported car market after a two-year absence. After launching in May, Volkswagen’s flagship midsize Tiguan SUV became the best-selling imported car model in Korea in June. The Tiguan 2.0 TDI sold 1,076 units in June, according to the Korea Automobile Importers & Distributors Association on Thursday. […]

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Retail Asia26/12/2017

The Volkswagen Group plans to invest 1billion euros more in India, several people in the know said, as the world’s largest carmaker seeks to launch a flurry of vehicles and expand capacity to shrug off its underperformance in one of the fastest-growing markets. The group will spend the money to set up a new manufacturing […]

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Retail Asia11/12/2017

German carmaker Volkswagen is in talks to buy a stake in GAZ, a Russian manufacturer of light commercial vehicles (LCV), five sources familiar with the talks told. It was not immediately clear how big a stake is being discussed or the value of the deal. GAZ is a part of the Basic Element group that […]

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Retail Asia07/12/2017

The Volkswagen car brand expects deliveries to hit a record this year and raised its midterm profitability forecast on Thursday, citing cost cuts and expanding ranges of higher-margin models. While the emissions scandal of September 2015 has cost Volkswagen (VW) billions of euros in fines and penalties, it doesn’t seem to have had a lasting […]

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