Volkswagen

One day after posting a significant drop in Q1 profits, Volkswagen Group is looking to trim down its administrative staff in Germany to bolster 2024 returns. Volkswagen said it is offering close to one billion dollars in bonuses for employees who opt to end their contracts early.

Volkswagen Group released its financial numbers for Q1 2024 today, following similar trends from other EU-based automakers. The numbers detail a slowing of sales and a drop in profits. Despite a 20% decrease, the Group remains optimistic that it will end the year at its financial targets.

The Volkswagen ID. Code previews a new electric SUV aimed at younger buyers, but it won’t be available in the US. VW introduced the sleek Porsche-like electric SUV as it looks to tap into the world’s largest EV market.

To boost sales in the world’s largest EV market and one of Volkswagen’s most important regions, the company is launching a new digital EV platform with China’s XPeng. VW says the EV platform will slash costs as it looks to recapture market share in China.

European automakers including Volkswagen and Jaguar Land Rover had to pay $552 million in fines for missing CO2 emission targets in 2020, the first year new regulations were put in place, according to a new report.

Volkswagen Group, including Porsche, saw EV sales dip in the first three months of the year as the company prepares to launch new electric models. With the new VW ID.4 and upcoming Porsche Macan EV rolling out in 2024, Volkswagen is already seeing things turn around.

Volkswagen first showed off a heavily camouflaged version of its next-generation Transporter van back in December – but new specs and interior pictures give us our best look at the new van until the wraps officially come off in September.

Amid an intense price war and lost market share to BYD and Tesla, China’s state-owned automaker SAIC Motor is reportedly making drastic job cuts this year at its joint ventures with General Motors and Volkswagen and at its EV unit – with mass layoffs a rare move for a China-owned company.

The first all-electric VW ID.7, Volkswagen’s “flagship model,” will be offered in two trims in the US – here are the details.

Lovers of the retro VW bus can get a sporty, all-wheel-drive, all-electric version with 335 hp – the most powerful ID. Buzz to date. Today, Volkswagen has followed up the recently announced ID.3 GTX and ID.7 GTX with the debut of its high-performance microbus Volkswagen ID. Buzz GTX.

VW is now the first vehicle manufacturer to develop a Level 4 autonomous driving (AD) service vehicle for large-scale production.

It looks like Volkswagen may bring the electric hot hatch to the US after all. Even better, Volkswagen wants to launch the electric ID. GTI with starting prices between $20,000 and $25,000.

In a fire sale, Volkswagen is offering $13,000 off the 2023 ID.4 AWD Pro S Plus with a new lease deal as it gears up to launch new EVs.

For the first time, Volkswagen announced it aims to start producing its most affordable ID.1 electric car, starting at 20,000 euros ($21,700), in 2027. The $20K Volkswagen ID.1 will offer “affordable electric mobility for everyone,” VW brand leader Thomas Shafer said Thursday.

A new, larger VW electric SUV will arrive in the US. Despite several automakers pulling back, Volkswagen says it’s sticking to its EV plans. Meanwhile, the automaker may add hybrids as it looks to boost sales in the US.

In a double global debut, Volkswagen introduced the new ID.3 GTX and ID.7 GTX Tourer as it expands its range of sporty EVs.

Volkswagen has canceled plans to build its all-electric ID.3 at its main factory in Wolfsburg, Germany, due to low demand, adding that “every euro that we do have to spend counts.” It will keep production at its EV-only plant, where it has been shaving off jobs for months.

MIT spinout and battery maker 24M Technologies today debuted a new direct-material battery recycling process for EV batteries and battery storage.

Volkswagen and Chinese EV maker Xpeng say they are jointly developing two mid-sized BEVs for 2026 for mainland China, with the first model being an SUV.

Rumors have been brewing for weeks now that Europe’s automakers were challenging the EU’s decision to ban ICE vehicles as of 2035. But the ACEA, Europe’s automakers association, said that it is not pushing back and is all in with the EV future. Is this PR spin or the real thing?

Volkswagen looks to launch a sleek electric sports car based on the iconic Scirocco coupe. The VW Scirocco EV sports car is poised to adopt a unique platform designed for the upcoming electric Porsche Boxster.