Former VW chief goes on trial nine years after dieselgate Former Volkswagen chief executive Martin Winterkorn appeared in court today on fraud charges over the so-called dieselgate scandal, nine years after the German carmaker was found to have rigged emissions tests. Business • 03 Sep 24
Former VW chief goes on trial nine years after dieselgate Former Volkswagen chief executive Martin Winterkorn appeared in court today on fraud charges over the so-called dieselgate scandal, nine years after the German carmaker was found to have rigged emissions tests. Business • 03 Sep 24
Volkswagen considers historic German plant closures Volkswagen is considering closing factories in Germany for the first time, in a move that shows the mounting price pressure Europe's top carmaker faces from Asian rivals. Business • 03 Sep 24
Volkswagen considers historic German plant closures Volkswagen is considering closing factories in Germany for the first time, in a move that shows the mounting price pressure Europe's top carmaker faces from Asian rivals. Business • 03 Sep 24
Volkswagen warns of German plant closures Volkswagen is considering closing factories in Germany for the first time, in a move that shows the pressure Europe's top carmaker is facing from cheap Asian competition. Business • 02 Sep 24
Volkswagen warns of German plant closures Volkswagen is considering closing factories in Germany for the first time, in a move that shows the pressure Europe's top carmaker is facing from cheap Asian competition. Business • 02 Sep 24
Volkswagen delays launch of Trinity EV further Volkswagen has pushed back the launch of a new ID.4 model from its next generation Trinity EV project to the early 2030s as part of a reshuffling of plans for the delayed programme, a person close to the company has said. Business • 13 Aug 24
Volkswagen delays launch of Trinity EV further Volkswagen has pushed back the launch of a new ID.4 model from its next generation Trinity EV project to the early 2030s as part of a reshuffling of plans for the delayed programme, a person close to the company has said. Business • 13 Aug 24
Volkswagen warns cost-cutting phase not over Volkswagen has today warned that its cost cutting period was not over and would last beyond the second half of 2024, as its second-quarter operating profit fell amid higher costs. Business • 01 Aug 24
Volkswagen warns cost-cutting phase not over Volkswagen has today warned that its cost cutting period was not over and would last beyond the second half of 2024, as its second-quarter operating profit fell amid higher costs. Business • 01 Aug 24
Porsche cuts outlook, warns of alloy shortage impairments Porsche has cut its sales and profitability outlook due to an unexpected aluminium alloy supply shortage, sending shares in the German sports car maker 5% lower. Business • 23 Jul 24
Porsche cuts outlook, warns of alloy shortage impairments Porsche has cut its sales and profitability outlook due to an unexpected aluminium alloy supply shortage, sending shares in the German sports car maker 5% lower. Business • 23 Jul 24
Volkswagen under pressure as China sales fall Volkswagen shares slipped today after an overnight profit warning triggered in part by the possible closure of an Audi plant and a 3.8% drop in second quarter sales dented by China. Business • 10 Jul 24
Volkswagen under pressure as China sales fall Volkswagen shares slipped today after an overnight profit warning triggered in part by the possible closure of an Audi plant and a 3.8% drop in second quarter sales dented by China. Business • 10 Jul 24
VW & Renault end talks to develop affordable EV - sources Volkswagen has walked away from talks with Renault to jointly develop an affordable electric version of the Twingo car, two sources familiar with the situation said, in a setback for the EU carmakers' efforts to fend off Chinese rivals. Business • 17 May 24
VW & Renault end talks to develop affordable EV - sources Volkswagen has walked away from talks with Renault to jointly develop an affordable electric version of the Twingo car, two sources familiar with the situation said, in a setback for the EU carmakers' efforts to fend off Chinese rivals. Business • 17 May 24
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
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
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
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 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
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
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
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 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
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
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
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
'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
'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
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
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
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
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
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
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 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
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
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
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
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
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
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
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
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
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
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 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
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
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
