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VW to cut 7,000 jobs, drastically increase software development by 2030

VW

In a bid to save €5.9 billion and raise their operating margin to 6%, VW will cut 5,000-7,000 jobs by 2023.  These job cuts will mostly be a result of offering early retirement to longtime employees, rather than layoffs.  The comments on this change in strategy were made at VW’s annual media conference in Wolfsburg.

As part of this announcement, VW laid out a plan for its future.  The company will boost their software engineering department significantly in the coming years, hiring 2,000 new employees in software and electronics.


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VW is reportedly going to build its own battery cell gigafactory

VW battery factory

Volkswagen is currently trying to figure out a way to secure large quantities of battery cells to support its critical electric vehicle ambitions.

After previously ruling out manufacturing its own battery cell, the German automaker is now reportedly going to build its own battery cell gigafactory (a battery factory with an output in the GWh) in partnership with SK Innovation.
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VW forms ‘Electrify Canada’ to deploy a new network of ‘ultra-fast’ charging stations

After forming ‘Electrify America’ last year in order to comply with their settlement with the EPA and CARB over the Dieselgate scandal, Volkswagen set out to make a large investment in electric vehicle charging infrastructure in the US.

Now Volkswagen is now doing the same in Canada with a new subsidiary called ‘Electrify Canada’.
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VW is trying to break another record with its custom built all-electric Pikes Peak race car

As the name implies, VW built the all-electric Volkswagen I.D. R Pikes Peak race car for the Pikes Peak International Hill Climb.

But now that they broke the record with the car, they want to try the impressive electric vehicle on other circuits.

They’ve announced that they are going for the Goodwood electric vehicle record in the UK.
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Watch VW’s all-electric race car break Pikes Peak record from a chopper that can barely keep up

The Volkswagen I.D. R Pikes Peak, an all-electric race car custom built to conquer the Pikes Peak International Hill Climb, broke the overall record during the famous racing event last month.

Now VW has released an impressive video of the record-breaking run filmed from a helicopter that can barely keep up with the electric race car.
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Volkswagen becomes latest automaker to invest in solid-state batteries for electric cars

Over the last few years, there has been an impressive amount of investment into solid-state batteries, which are believed by many to represent the next step in energy storage.

But a timeline for commercialization has never been clear.

Now Volkswagen has become the latest automaker to invest in solid-state batteries for electric cars as it takes a stake in a startup that hopes to bring the tech to market.
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VW doubles its electric vehicle battery contracts to $48 billion

VW battery factory

Volkswagen is not starting its electric vehicle push in a big way until next year, but it is already securing its battery supplies in order to be able to build those new EVs in volume.

After announcing that it already awarded $25 billion in battery cell contracts, the German automaker announced this week that it has now doubled the amount to about $48 billion.
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