Cheerios maker General Mills, Audi of America pause advertising on Twitter General Mills Inc and Luxury automaker Audi of America said on Thursday they have paused advertising on Twitter, ... Published 04 Nov, 2022 04:02pm
Business & Finance Volkswagen Q3 earnings weighed down by cost of Porsche listing, Argo AI BERLIN: Volkswagen reported earnings of 4.3 billion euros ($4.29 billion) in the third quarter with an earnings... Published 28 Oct, 2022 11:27am
Business & Finance Volkswagen to invest up to 2bn euros in JV with China’s Horizon Robotics: reports BERLIN: Volkswagen plans to to invest up to 2 billion euros ($1.94 billion) in a joint venture with China’s Horizon... Published 12 Oct, 2022 06:32pm
Business & Finance Porsche overtakes Volkswagen as Europe’s most valuable carmaker BERLIN: Porsche took pole position as Europe’s most valuable automaker on Thursday, overtaking former parent... Published 06 Oct, 2022 05:03pm
Business & Finance Porsche races higher after landmark $72bn listing FRANKFURT: Porsche AG shares made a strong start on Thursday after Volkswagen defied volatile markets to list the... Published 30 Sep, 2022 05:52am
Markets Porsche to race onto German stock exchange with mega IPO FRANKFURT: Luxury sports carmaker Porsche will this week race onto the Frankfurt stock exchange in what is set to be... Published 26 Sep, 2022 12:51pm
Business & Finance Investors mixed as Porsche seeks price tag of up to $75bn BERLIN: Volkswagen shares hovered around breakeven on Monday, reflecting a mixed response from investors to the... Published 20 Sep, 2022 07:20am
Business & Finance Volkswagen does not see chip shortage ending in 2023 BERLIN: Volkswagen no longer sees chip shortages ending in 2023, and the German carmaker is preparing for the “new... Published 19 Sep, 2022 02:54pm
Business & Finance Volkswagen targets 70-75 billion euros valuation in planned Porsche IPO HAMBURG: Volkswagen is targetting a valuation of 70 billion to 75 billion euros ($70.1-75.1 billion) for luxury... Published 18 Sep, 2022 11:23pm
Business & Finance Porsche poses governance dilemma for investors weighing IPO LONDON/MILAN: Porsche’s leadership set-up and the limited influence for stock market investors after its IPO are... Published 18 Sep, 2022 06:05am
World German economy ministry reviews measures to curb China business BERLIN: Germany’s economy ministry is considering a raft of measures to make business with China less attractive ... Published 09 Sep, 2022 06:09am
Business & Finance Volkswagen to decide on landmark Porsche listing later on Monday HAMBURG/FRANKFURT: Volkswagen’s leadership will meet later on Monday to decide on whether to proceed with the... Published 05 Sep, 2022 06:43pm
Business & Finance Lamborghini has already sold all its cars until 2024 FRANKFURT: Italian sports car maker Lamborghini has already pre-sold the entire production run to early 2024, its... Published 29 Aug, 2022 05:44am
Business & Finance Porsche expects to make as many electric Macans as combustion versions BERLIN: Volkswagen’s sportscar brand Porsche expects to produce as many units of its Macan model in the electric... Published 22 Aug, 2022 06:33am
Technology Chip makers have a message for car makers: Your turn to pay The shortages of computer chips that forced global automakers to scrap production plans for millions of cars over ... Published 04 Aug, 2022 10:05am
Business & Finance Volkswagen ‘confident’ despite global headwinds FRANKFURT: German auto giant Volkswagen said Thursday that it was able to overcome global economic headwinds and... Published 28 Jul, 2022 05:03pm
Business & Finance Volkswagen positive despite profit hit in second quarter FRANKFURT: German auto giant Volkswagen said Thursday it had a “robust” first half of the year despite a drop in... Published 28 Jul, 2022 12:27pm
Business & Finance VW’s CEO Diess ousted after tumultuous tenure, Porsche’s Blume to succeed BERLIN: Porsche Chief Executive Oliver Blume will take over from Herbert Diess as CEO of Volkswagen (VOWG_p.DE), the... Published 25 Jul, 2022 06:12am
World EU court rules Volkswagen emissions software illegal VIENNA: The European Court of Justice (CJEU) on Thursday ruled illegal software fitted to Volkswagen diesel vehicles... Published 15 Jul, 2022 07:45am
Business & Finance VW: EV battery output bigger challenge than EU combustion engine ban MUNICH: The EU deal to phase out combustion engine cars in just over 12 years is challenging, but a more daunting... Published 29 Jun, 2022 10:48pm
Business & Finance VW faces Brazil hearing over dictatorship-era slavery claims RIO DE JANEIRO: German carmaker Volkswagen faces an audience with Brazilian prosecutors Tuesday over allegations of... Published 14 Jun, 2022 11:18am
Markets VW Group to settle UK ‘dieselgate’ claims for £193mn LONDON: Volkswagen on Wednesday said it would pay £193 million ($242 million, 226 million euros) to British... Published 25 May, 2022 08:44pm
Markets Volkswagen to build 800,000 fully-electric cars this year BERLIN: Volkswagen is planning to build 800,000 fully electric cars worldwide this year and 1.3 million in 2023, the... Published 12 May, 2022 06:07pm
Markets VW to challenge Rivian, Ford with electric Scout SUV HAMBURG/WASHINGTON: Volkswagen plans to expand its electric in vehicle range the United States with a fully electric... Published 11 May, 2022 05:54pm
Business & Finance Volkswagen CEO sees tight race with Tesla for e-car crown by 2025 FRANKFURT: Volkswagen faces a tough road ahead to reach its self-imposed target of becoming the world’s largest... Published 09 May, 2022 03:58pm
Business & Finance Volkswagen keeps outlook as global set-up offsets supply chain woes FRANKFURT: Volkswagen, Europe's top carmaker, on Wednesday stuck to its outlook for the current year after its ... Published 04 May, 2022 11:04am
Business & Finance Volkswagen to rely on Qualcomm chips for automated driving BERLIN: Volkswagen has set up a years-long partnership with US chip maker Qualcomm to develop automated driving... Published 02 May, 2022 11:25am
Business & Finance Volkswagen sees impact of Ukraine war despite profit bounce FRANKFURT: German auto giant Volkswagen said Thursday its first quarter operating profit increased significantly in... Published 18 Apr, 2022 07:22am
Business & Finance Volkswagen sees impact of Ukraine war despite profit bounce FRANKFURT: German auto giant Volkswagen said Thursday its first quarter operating profit increased significantly in... Published 14 Apr, 2022 02:36pm
Business & Finance Chip undersupply to last until 2024: Volkswagen CFO BERLIN: Semiconductor chip supply is unlikely to be enough to completely satisfy demand again until 2024, Volkswagen... Published 10 Apr, 2022 05:49am