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Volkswagen said its deliveries to customers rose 12% to 9.24 million vehicles in 2023

Volkswagen sees slowdown in car sales growth

Volkswagen expects a 3% rise in its car sales this year, down sharply from 2023 amid a gloomy economic outlook and growing competition.

Business • 13 Mar 24

Europe's top carmaker, whose brands include Audi, VW and Lamborghini, expects sales to grow by up to 5% in 2024

Volkswagen expects slower sales growth

Volkswagen has forecast that sales growth will slow in 2024, joining competitors in warning of a weaker economic outlook, rising competition and higher costs.

Business • 01 Mar 24

Pierre Boutin joined the Volkswagen Group in 2014.

Pierre Boutin new CEO of Volkswagen Group Ireland

Pierre Boutin has been appointed new Group Managing Director and CEO of Volkswagen Group Ireland.

Business • 26 Jan 24

The rise briefly set the stock for its biggest one-day gain in eleven months.

VW shares rise 6% after 'confident' message over 2024

Shares in Volkswagen rose over 6% today after a call with analysts fuelled bets that the German car maker might unveil fourth-quarter sales above current market expectations when it discloses results in March.

Business • 23 Jan 24

Former Volkswagen chief executive Martin Winterkorn

Former VW boss's market manipulation trial revived

A German court said today it would resume the trial of former Volkswagen boss Martin Winterkorn for market manipulation, due to the indefinite suspension of parallel proceedings on fraud charges.

Business • 28 Dec 23

The Volkwagen headquarters in Wolfsburg, Germany

Volkswagen to reduce workforce as it chases profits

Volkswagen said today it would cut its workforce over the coming years as the German auto giant seeks to boost its profitability and reboot a faltering shift to electric cars.

Business • 06 Dec 23

The UK government is planning to delay a 2030 ban on new petrol car sales, reports suggest today

'Confusion' on UK climate policy will hit move to EVs

The transition to electric cars in Britain will be hindered by any confusion over climate policy, the auto industry's trade body said today.

Business • 20 Sep 23

Europe's carmakers are under pressure from Chinese EV makers, who have developed cheaper, more consumer-friendly models

Volkswagen ready for Europe's 2035 fossil-fuel car ban

Volkswagen is ready for Europe's planned 2035 ban on new sales of fossil-fuel cars as it ramps up its electric vehicle lineup, Chief Executive Oliver Blume said at Munich's IAA mobility show.

Business • 04 Sep 23

Electric vehicle sales jumped 60.6% in July, continuing a rise buoyed by subsidies in a number of European Union countries

European car sales rise 15% in July, EVs up nearly 61%

European new car registrations jumped 15.2% in July, the 12th consecutive month of growth as the auto industry recovers from pandemic-related supply chain issues, data from the European Automobile Manufacturers Association (ACEA) showed today.

Business • 30 Aug 23

Electric car sales are 65.2% higher so far this year, today's SIMI figures show

New car registrations up 23.9% in July - SIMI

There were 27,148 new cars registered last month, according to the Society of the Irish Motor Industry, that marked an increase of 23.9% year-on-year.

Business • 02 Aug 23

Lamborghini's first plug-in hybrid model, the Revuelto

Lamborghini could hit 10,000 sales this year, CEO says

Lamborghini could sell 10,000 cars this year for the first time, its CEO said, as the luxury sports carmaker reported a rise in profit and revenues for the first half.

Business • 31 Jul 23

Despite lowering its deliveries target, Volkswagen kept its 2023 financial guidance unchanged.

VW cuts deliveries outlook, aims to boost cash flow

Volkswagen has cut its full year sales target and pledged to improve its cash position in the second half by hiking prices and cutting costs as the German carmaker seeks to fend off tough competition in China, its top market.

Business • 27 Jul 23

The carmaker is under heavy pressure from investors to boost EV sales in China

Volkswagen's deliveries up in every region but China

Volkswagen said today its Group deliveries increased 12.8% year-on-year from January to June, registering growth in every region except China, which saw a 1.2% drop in total deliveries and a 1.6% drop in battery-electric cars.

Business • 14 Jul 23

Ford, General Motors and ChargePoint are among the companies that have signed up for Tesla's charging design recently

VW in talks with Tesla to adopt its charging standard

Volkswagen is in talks with Tesla to adopt its North American Charging Standard (NACS) technology, while the German automaker's charging network unit Electrify America has already agreed to use the system.

Business • 30 Jun 23

18% of all new cars licensed for the first time in the first five months of the year were electric compared with 13% in the same time in 2022

New cars licensed in May jump by 47% on last year

New figures from the Central Statistics Office show that the number of new electric cars licensed increased by 52% from 7,825 in the first five months of 2022 to 11,918 in the first five months of this year.

Business • 09 Jun 23

The Volkswagen Group Rus plant in Kaluga in Russia

Volkswagen completes sale of Kaluga plant in Russia

Volkswagen has completed the sale of its Kaluga production plant in Russia and its local subsidiaries, the German carmaker said today, ending months of wrangling with Russian authorities over the deal.

Business • 19 May 23

Volkswagen was the most popular make of new private car licensed in April, today's CSO figures show

New electric car sales up 46% so far this year - CSO

New figures on car sales from the Central Statistics Office show the continued growth in the number of electric and plug-in hybrid vehicles licensed here.

Business • 09 May 23

Volkswagen has today confirmed its outlook for 2023

Volkswagen revenue jumps on growth in Europe, America

Volkswagen has reported a rise in revenue of 22% to €76 billion but saw a drop in operating profit to €5.7 billion, after last year's first quarter profit was boosted by commodity hedging.

Business • 04 May 23

Volkswagen, along with other foreign carmakers, suspended operations in Russia last year

Russian court freezes Volkswagen assets in Russia

A Russian court has today frozen all Volkswagen assets in Russia, in the latest obstacle to the German carmaker's year-long efforts to wind down its Russian operations.

Business • 20 Mar 23

Skoda said its deliveries in Russia plummeted to 18,300 cars in 2022 from 90,400 in 2021

Skoda says in final stages of exit from Russia

Czech carmaker Skoda Auto, part of the Volkswagen Group, is in the final stages of quitting Russia after taking an almost €700m hit from the impact of Moscow's war in Ukraine, its CEO said today.

Business • 16 Mar 23

Over two-thirds of the five-year investment budget is allocated towards electrification and digitalisation at Volkswagen

Volkswagen to invest €180 billion in five-year plan

Volkswagen plans to invest €180 billion over the next five years in areas including battery production and its North American operations, it said today, with spending on combustion engines to decline from 2025.

Business • 14 Mar 23

Porsche overtook Volkswagen as Europe's most valuable carmaker within a week of its stock market debut

Porsche sees record earnings for 2022

Porsche has reported record earnings in 2022, with profits up by over a quarter to €6.8 billion on a rise in deliveries of 2.6%.

Business • 13 Mar 23

Volkswagen has agreed a two-year wage deal for workers at its western German factories, offering around 8.5% more pay

Volkswagen strikes below-inflation wage deal

Volkswagen has today agreed a two-year wage deal for workers at its western German factories, offering around 8.5% more pay, which was below inflation but above what other employers have yielded in recent weeks.

Business • 23 Nov 22

Volkswagen has maintained its outlook for the year of the upper end of forecasts

Volkswagen Q3 earnings stagnate below pre-Covid levels

Volkswagen has today reported third-quarter earnings of €4.3 billion, behind pre-pandemic levels, following €1.6 billion in one-off effects from the suspension of Russian activities and its Porsche AG listing.

Business • 28 Oct 22

Volkswagen listed Porsche on the Frankfurt stock exchange last month in what was Germany's second-largest listing on record

VW gets €9.1bn by selling preferred Porsche shares

Volkswagen raked in €9.1 billion via the sale of preferred shares in sportscar brand Porsche, less than the maximum because a greenshoe option was only partially exercised, it said today.

Business • 11 Oct 22