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Found 730 results

  1. The U.S. Security and Exchange Commission has filed suit in San Francisco on Thursday alleging that from April 2014 through May 2015, Volkswagen fraudulently issued more than $13 Billion in bonds and securities in the U.S. market. During that time, the SEC alleges that Winterkorn and other senior management knew about the problem with over 500,000 diesel vehicles that exceeded legal emissions limits. The suit says: Winterkorn resigned within days of the scandal braking in 2015. Volkswagen said in a statement that the lawsuit is "legally and facturally flawed" and "the company will contest it vigorously". Volkswagen has already agreed to pay more than $25 billion in a settlement over the dieselgate scandal to buy back defective vehicles, paying fines, and setting up funds to help build out electric vehicle infrastructure. Winterkorn has already been charged in the US.
  2. The U.S. Security and Exchange Commission has filed suit in San Francisco on Thursday alleging that from April 2014 through May 2015, Volkswagen fraudulently issued more than $13 Billion in bonds and securities in the U.S. market. During that time, the SEC alleges that Winterkorn and other senior management knew about the problem with over 500,000 diesel vehicles that exceeded legal emissions limits. The suit says: Winterkorn resigned within days of the scandal braking in 2015. Volkswagen said in a statement that the lawsuit is "legally and facturally flawed" and "the company will contest it vigorously". Volkswagen has already agreed to pay more than $25 billion in a settlement over the dieselgate scandal to buy back defective vehicles, paying fines, and setting up funds to help build out electric vehicle infrastructure. Winterkorn has already been charged in the US. View full article
  3. We're coming up on three years since the Volkswagen diesel scandal came to light. It caused the German automaker to spiral downward with various fines, lawsuits, people either stepping down or being arrested, and sales tanking. By now, you would think that the pain is done and over. But you would be wrong. Reuters reports today that prosecutors in Germany have fined Volkswagen a billion euros ($1.18 billion) over diesel emission cheating. In a statement, Volkswagen will accept the fine, therefore admitting responsibility for the cheating. "Following thorough examination, Volkswagen AG accepted the fine and it will not lodge an appeal against it. Volkswagen AG, by doing so, admits its responsibility for the diesel crisis and considers this as a further major step towards the latter being overcome," the company said. By accepting the fine, Volkswagen hopes "the active regulatory offence proceedings" being conducted will come to an end. It will unlikely end the various criminal cases that German prosecutors are working on against various Volkswagen executives. Source: Reuters View full article
  4. Volkswagen has announced it will cut between 5,000 to 7,000 jobs through attrition and early retirement at its headquarters in Wolfsburg, Germany. Most of the job cuts will be administrative staff. While cutting those job, VW will be creating 2,000 new software and electronics jobs. The cuts are part of a cost savings plan to drive 3€ Billion in annual savings by 2020 and 5.9€ billion by 2023. The move comes the day after the company announced it will increase its EV plans to build 22 million units over the next decade. Electric vehicles are less complex to build and require fewer workers. Volkswagen is building a new EV platform and the first vehicle to arrive on the market will be the I.D. Neo, expected sometime in 2020. The I.D. Neo will be built at a plant in Zwickau, Germany. Future electric vehicles will be built in 7 additional factories including Chattanooga, Tennessee. View full article
  5. Volkswagen has announced it will cut between 5,000 to 7,000 jobs through attrition and early retirement at its headquarters in Wolfsburg, Germany. Most of the job cuts will be administrative staff. While cutting those job, VW will be creating 2,000 new software and electronics jobs. The cuts are part of a cost savings plan to drive 3€ Billion in annual savings by 2020 and 5.9€ billion by 2023. The move comes the day after the company announced it will increase its EV plans to build 22 million units over the next decade. Electric vehicles are less complex to build and require fewer workers. Volkswagen is building a new EV platform and the first vehicle to arrive on the market will be the I.D. Neo, expected sometime in 2020. The I.D. Neo will be built at a plant in Zwickau, Germany. Future electric vehicles will be built in 7 additional factories including Chattanooga, Tennessee.
  6. Volkswagen has announced they are increasing their goal to build fully electric vehicles from 15 million to 22 million over the next decade. The company is moving to electric vehicles after a disastrous diesel emissions cheating scandal hit sales and resulted in record breaking government fines, and European and Asian government impose new restrictions on carbon dioxide emissions. The core Volkswagen brand saw profits fall, while the overall company profits rose 6% to 12.2€ Billion.
  7. Volkswagen has announced they are increasing their goal to build fully electric vehicles from 15 million to 22 million over the next decade. The company is moving to electric vehicles after a disastrous diesel emissions cheating scandal hit sales and resulted in record breaking government fines, and European and Asian government impose new restrictions on carbon dioxide emissions. The core Volkswagen brand saw profits fall, while the overall company profits rose 6% to 12.2€ Billion. View full article
  8. The delayed launch of the Volkswagen Arteon may be nearing its end. MotorTrend is reporting that the Chairman of Volkswagen has said that the Arteon will hit U.S. shores this year. The original cause of the delay was a backlog of certifying vehicles under the World Harmonized Light Vehicle Test Procedure (WLTP). The Arteon in the U.S. will use a 268 hp 2.0 liter Turbo from Audi that had yet to be certified. VW sells the Arteon in Europe using a different engine. The Arteon debuted at the 2018 Chicago Auto Show and is priced above the Passat in the Volkswagen lineup. Related: View full article
  9. The delayed launch of the Volkswagen Arteon may be nearing its end. MotorTrend is reporting that the Chairman of Volkswagen has said that the Arteon will hit U.S. shores this year. The original cause of the delay was a backlog of certifying vehicles under the World Harmonized Light Vehicle Test Procedure (WLTP). The Arteon in the U.S. will use a 268 hp 2.0 liter Turbo from Audi that had yet to be certified. VW sells the Arteon in Europe using a different engine. The Arteon debuted at the 2018 Chicago Auto Show and is priced above the Passat in the Volkswagen lineup. Related:
  10. VOLKSWAGEN OF AMERICA REPORTS FEBRUARY 2019 SALES RESULTS Volkswagen of America February 2019 Sales Feb. 19 Feb. 18 Yr/Yr% change Feb. 19 YTD Feb. 18 YTD Yr/Yr% change Golf 292 505 -42% 522 1,000 -48% GTI 1,189 1,618 -27% 2,184 3,305 -34% Golf R 19 - N/A 55 3 1733% e-Golf 118 198 -40% 282 376 -25% Golf SportWagen 452 1,280 -65% 801 2,458 -67% Total Golf Family 2,070 3,601 -43% 3,844 7,142 -46% Jetta Sedan 7,109 4,576 55% 13,984 9,098 54% Jetta SportWagen (now Golf SportWagen) N/A 16 N/A N/A 25 N/A Total Jetta 7,109 4,592 55% 13,984 9,123 54% Beetle Coupe 872 614 42% 1,380 1,361 1.4% Beetle Convertible 585 393 49% 1,048 758 38% Total Beetle 1,457 1,007 45% 2,428 2,119 15% Passat 2,097 3,036 -31% 4,996 5,470 -8.7% CC 4 46 -91% 13 95 -86% Tiguan Limited 66 1,855 -96% 122 3,889 -97% Tiguan 8,079 7,486 7.9% 14,728 13,822 6.6% Total Tiguan 8,145 9,341 -13% 14,850 17,711 -16% Touareg 29 271 -89% 67 675 -91% Atlas 4,795 4,766 0.6% 8,598 9,069 -5.2% Total Car 12,737 12,282 3.7% 25,265 23,949 5.5% Total SUV 12,969 14,378 -10% 23,515 27,455 -14% TOTAL 25,706 26,660 -3.6% 48,780 51,404 -5.1%
  11. Ahead of the Geneva Auto Show, Volkswagen has unveiled the R version of their T-Roc crossover. The T-Roc is a small crossover not (yet?) sold in the U.S. that slots below the Tiguan and most directly related to the Volkswagen Golf. Standard models went into production for the European market in 2017. That brings us to 2019 and the unveiling of the 2020 Volkswagen T-Roc R. The T-Roc R is the new top of the line for the T-Roc range. Shown above as a nearly production ready concept, the T-Roc R gets many of the upgrades the Golf R gets. That includes a 2.0 liter turbocharged 4-cylinder producing 296 hp and 295 lb-ft of torque. Power is routed to the standard 4Motion Haldex all-wheel drive via a 7-speed dual clutch transmission. That will hustle the T-Roc from 0-62 mph in 4.9 second with an electronically limited top speed of 155 mph. Keeping all that power on the ground is a Golf R sports suspension that is lower to the ground and a standard progressive steering system. Drive modes help keep control and include a race mode and launch control that manages and maximized torque. The electronic stability control can be switched off for driving at the limit and 17-inch brakes help to bring it all to a stop. For now, the entire T-Roc line remains Forbidden Fruit in the U.S., but with crossover sales increasing rapidly, perhaps Volkswagen can be persuaded to send it over. Volkswagen Press Release on Page 2 New T-Roc R combines performance and lifestyle Volkswagen is set to present the T-Roc R, new top model for the successfully launched crossover product line, at the Geneva International Motor Show (7– 17 March 2019). Developed by Volkswagen R, this powerful vehicle boasts some impressive performance data: its four-cylinder TSI engine with 2.0 litre capacity and an output of 221 kW/300 PS as well as torque of 400 Nm. The standard combination with 7-gear DSG and 4Motion all-wheel drive ensures excellent acceleration without any loss of traction. The Volkswagen T-Roc R can accelerate from 0 to 100 km/h in 4.9 seconds, while the top speed is electronically limited to 250km/h. The sports running gear (with lowered suspension) ensures ideal road holding. Progressive steering comes as standard and plays a part in ensuring agile driving behaviour; the 17-inch brake system provides effective braking. The driving modes include a special race mode, which guarantees an especially sporty driving experience. These measures are supplemented by the launch control feature, which provides optimal traction during acceleration while offering maximum drive torque and a corresponding stability management program. The ESC Electronic Stability Control feature can be manually switched off to ensure particularly dynamic driving at the limit. The sporty characteristics of the T-Roc R are underscored by the unmistakable design on the exterior and in the interior. The redesigned radiator grille has a polished silver band of anodised aluminium on the underside that runs the entire width of the vehicle. The bumper’s model-specific design is painted the same colour as the car. The light units in the vertically arranged daytime running lights are integrated into the front. The rear bumpers include visual air outlets in the upper part and an “R” diffuser in a contrasting colour. The double-ended exhaust system on both the left and right are specific to the “R” model. The T-Roc R is equipped with 18-inch Spielberg alloy wheels as standard. The 19-inch Pretoria Dark Graphite matte alloy wheels and 235/40 R19 tyres are available as an optional extra. The sill panel trims sport a stainless steel design and have the “R” logo, which can also be seen on the radiator grille and on the sides of the vehicle. The “R” logo is also displayed on the backs of the seats. The leather multifunction sports steering wheel with paddle levers and decorative stitching in Crystal Grey also shows its sporty side with the “R” logo, as does the black headliner and the greeting on the start screen. The pedals shimmer in stainless steel. The new crossover model for performance and lifestyle is based on the harmonious concept of the T-Roc, 200,000 units of which have already been sold. The new T-Roc R expands the broad range of the compact crossover with an emphatically sporty model for individualists who attach as much importance to a stylish appearance as to outstanding driving performance. View full article
  12. Ahead of the Geneva Auto Show, Volkswagen has unveiled the R version of their T-Roc crossover. The T-Roc is a small crossover not (yet?) sold in the U.S. that slots below the Tiguan and most directly related to the Volkswagen Golf. Standard models went into production for the European market in 2017. That brings us to 2019 and the unveiling of the 2020 Volkswagen T-Roc R. The T-Roc R is the new top of the line for the T-Roc range. Shown above as a nearly production ready concept, the T-Roc R gets many of the upgrades the Golf R gets. That includes a 2.0 liter turbocharged 4-cylinder producing 296 hp and 295 lb-ft of torque. Power is routed to the standard 4Motion Haldex all-wheel drive via a 7-speed dual clutch transmission. That will hustle the T-Roc from 0-62 mph in 4.9 second with an electronically limited top speed of 155 mph. Keeping all that power on the ground is a Golf R sports suspension that is lower to the ground and a standard progressive steering system. Drive modes help keep control and include a race mode and launch control that manages and maximized torque. The electronic stability control can be switched off for driving at the limit and 17-inch brakes help to bring it all to a stop. For now, the entire T-Roc line remains Forbidden Fruit in the U.S., but with crossover sales increasing rapidly, perhaps Volkswagen can be persuaded to send it over. Volkswagen Press Release on Page 2 New T-Roc R combines performance and lifestyle Volkswagen is set to present the T-Roc R, new top model for the successfully launched crossover product line, at the Geneva International Motor Show (7– 17 March 2019). Developed by Volkswagen R, this powerful vehicle boasts some impressive performance data: its four-cylinder TSI engine with 2.0 litre capacity and an output of 221 kW/300 PS as well as torque of 400 Nm. The standard combination with 7-gear DSG and 4Motion all-wheel drive ensures excellent acceleration without any loss of traction. The Volkswagen T-Roc R can accelerate from 0 to 100 km/h in 4.9 seconds, while the top speed is electronically limited to 250km/h. The sports running gear (with lowered suspension) ensures ideal road holding. Progressive steering comes as standard and plays a part in ensuring agile driving behaviour; the 17-inch brake system provides effective braking. The driving modes include a special race mode, which guarantees an especially sporty driving experience. These measures are supplemented by the launch control feature, which provides optimal traction during acceleration while offering maximum drive torque and a corresponding stability management program. The ESC Electronic Stability Control feature can be manually switched off to ensure particularly dynamic driving at the limit. The sporty characteristics of the T-Roc R are underscored by the unmistakable design on the exterior and in the interior. The redesigned radiator grille has a polished silver band of anodised aluminium on the underside that runs the entire width of the vehicle. The bumper’s model-specific design is painted the same colour as the car. The light units in the vertically arranged daytime running lights are integrated into the front. The rear bumpers include visual air outlets in the upper part and an “R” diffuser in a contrasting colour. The double-ended exhaust system on both the left and right are specific to the “R” model. The T-Roc R is equipped with 18-inch Spielberg alloy wheels as standard. The 19-inch Pretoria Dark Graphite matte alloy wheels and 235/40 R19 tyres are available as an optional extra. The sill panel trims sport a stainless steel design and have the “R” logo, which can also be seen on the radiator grille and on the sides of the vehicle. The “R” logo is also displayed on the backs of the seats. The leather multifunction sports steering wheel with paddle levers and decorative stitching in Crystal Grey also shows its sporty side with the “R” logo, as does the black headliner and the greeting on the start screen. The pedals shimmer in stainless steel. The new crossover model for performance and lifestyle is based on the harmonious concept of the T-Roc, 200,000 units of which have already been sold. The new T-Roc R expands the broad range of the compact crossover with an emphatically sporty model for individualists who attach as much importance to a stylish appearance as to outstanding driving performance.
  13. In Europe, Volkswagen offers a couple of plug-in hybrid models such as the Golf GTE. But don't expect any those plug-in hybrids to come to the U.S. "It's a bridging technology," between internal-combustion and full-electric cars, said Matthew Renna, Volkswagen North America Region's vice president of e-mobility yesterday at the Chicago Auto Show. "It's very cost-prohibitive to have two different powertrains on one platform." Volkswagen has made no secret about their electric car ambitions, with plans to launch a full lineup within the next few years. While Europe will get a small hatchback based on I.D. Concept, the U.S. will get a production version of the Crozz concept. Volkswagen is also planning on selling their upcoming EVs in all 50 states, not only in those that require automakers to sell certain number of EVs. "The plan is to sell nationwide. The goal is a nationwide roll-out ASAP," said Renna. Source: Roadshow
  14. In Europe, Volkswagen offers a couple of plug-in hybrid models such as the Golf GTE. But don't expect any those plug-in hybrids to come to the U.S. "It's a bridging technology," between internal-combustion and full-electric cars, said Matthew Renna, Volkswagen North America Region's vice president of e-mobility yesterday at the Chicago Auto Show. "It's very cost-prohibitive to have two different powertrains on one platform." Volkswagen has made no secret about their electric car ambitions, with plans to launch a full lineup within the next few years. While Europe will get a small hatchback based on I.D. Concept, the U.S. will get a production version of the Crozz concept. Volkswagen is also planning on selling their upcoming EVs in all 50 states, not only in those that require automakers to sell certain number of EVs. "The plan is to sell nationwide. The goal is a nationwide roll-out ASAP," said Renna. Source: Roadshow View full article
  15. Next year will see Volkswagen unveil the next-generation Golf GTI. It was reported that the model would utilize a mild-hybrid setup to boost fuel economy and improve low-end response. This decision was made under the leadership of former Volkswagen chairman Matthias Müller and would have become the flagship model for a new range of mild-hybrid models badged as IQ. But a new report from Autocar says the new chairman, Herbert Diess has canned the powertrain. No reason was given as to why this decision was reversed. Volkswagen is still planning to do mild-hybrid versions of the standard Golf that will utilize a 48-Volt electrical system. Autocar says the next-generation GTI will use an updated version of the turbocharged 2.0L four-cylinder producing either 252 or 286 horsepower. The current model in the U.S. punches out 227 horsepower. A six-speed manual or seven-speed dual-clutch will be the available transmissions. Source: Autocar
  16. Next year will see Volkswagen unveil the next-generation Golf GTI. It was reported that the model would utilize a mild-hybrid setup to boost fuel economy and improve low-end response. This decision was made under the leadership of former Volkswagen chairman Matthias Müller and would have become the flagship model for a new range of mild-hybrid models badged as IQ. But a new report from Autocar says the new chairman, Herbert Diess has canned the powertrain. No reason was given as to why this decision was reversed. Volkswagen is still planning to do mild-hybrid versions of the standard Golf that will utilize a 48-Volt electrical system. Autocar says the next-generation GTI will use an updated version of the turbocharged 2.0L four-cylinder producing either 252 or 286 horsepower. The current model in the U.S. punches out 227 horsepower. A six-speed manual or seven-speed dual-clutch will be the available transmissions. Source: Autocar View full article
  17. The recently announced alliance between Ford and Volkswagen will not bring any benefits to North America at the beginning. Both companies said that the partnership will focus on Africa, Europe, and South America beginning with commercial vans and the next-generation Ranger/Amarok pickup. Down the road, both Ford and Volkswagen said there could be a potential product for the U.S. While Ford is keeping quiet on what that product could be, Volkswagen CEO Herbert Diess said that a commercial vehicle being jointly developed by the two could come over. "Some of those, yes, but it's not yet decided which vehicle comes to America," said Diess. Volkswagen's commercial vehicle lineup is extensive with vans ranging in size from the compact Caddy (Transit Connect-sized) to the large Crafter (about Transit-sized). We would guess something like the Caddy and possibly the Transporter coming to the U.S. in the next few years. Of course, there is talk about a pickup truck - something dealers have been asking for some time. While there is a very slim chance of the Amarok coming, the Atlas Tanoak concept shown at New York last year seems to have a better chance. Source: Automotive News (Subscription Required), 2
  18. The recently announced alliance between Ford and Volkswagen will not bring any benefits to North America at the beginning. Both companies said that the partnership will focus on Africa, Europe, and South America beginning with commercial vans and the next-generation Ranger/Amarok pickup. Down the road, both Ford and Volkswagen said there could be a potential product for the U.S. While Ford is keeping quiet on what that product could be, Volkswagen CEO Herbert Diess said that a commercial vehicle being jointly developed by the two could come over. "Some of those, yes, but it's not yet decided which vehicle comes to America," said Diess. Volkswagen's commercial vehicle lineup is extensive with vans ranging in size from the compact Caddy (Transit Connect-sized) to the large Crafter (about Transit-sized). We would guess something like the Caddy and possibly the Transporter coming to the U.S. in the next few years. Of course, there is talk about a pickup truck - something dealers have been asking for some time. While there is a very slim chance of the Amarok coming, the Atlas Tanoak concept shown at New York last year seems to have a better chance. Source: Automotive News (Subscription Required), 2 View full article
  19. It is official. Ford and Volkswagen announced this morning a new global alliance that will focus on developing "commercial vans and medium-sized pickups." Ford will handle the development of next-generation mid-size pickups (Ranger and Amarok), along with developing and building larger vans for the European market. Volkswagen for its part will work on a small city van. “Volkswagen and Ford will harness our collective resources, innovation capabilities and complementary market positions to even better serve millions of customers around the world. At the same time, the alliance will be a cornerstone for our drive to improve competitiveness,” said Volkswagen CEO Herbert Diess. “Over time, this alliance will help both companies create value and meet the needs of our customers and society. It will not only drive significant efficiencies and help both companies improve their fitness, but also gives us the opportunity to collaborate on shaping the next era of mobility,” added Ford CEO Jim Hackett. The two also announced plans to explore "autonomous vehicles, mobility services and electric vehicles," along with adding new vehicle programs. Source: Ford, Volkswagen Volkswagen AG And Ford Motor Company Launch Global Alliance Alliance leverages the two global automakers’ strengths to better compete, innovate and serve customers Alliance does not involve cross-ownership between the two companies Companies to first deliver medium pickup trucks for global customers, aiming to start in 2022, and intend to follow with commercial vans in Europe Van and pickup agreements are targeted to deliver scale and efficiencies for each company starting in 2023 Volkswagen and Ford also are committed to exploring potential collaboration on EVs, autonomous vehicles and mobility services DETROIT, Jan. 15, 2019 – Volkswagen AG and Ford Motor Company today announced the first formal agreements in a broad alliance that positions the companies to boost competitiveness and better serve customers in an era of rapid change in the industry. Volkswagen CEO Dr. Herbert Diess and Ford CEO Jim Hackett confirmed that the companies intend to develop commercial vans and medium-sized pickups for global markets beginning as early as 2022. The alliance will drive significant scale and efficiencies and enable both companies to share investments in vehicle architectures that deliver distinct capabilities and technologies. The companies estimate the commercial van and pickup cooperation will yield improved annual pre-tax operating results, starting in 2023. In addition, Volkswagen and Ford have signed a memorandum of understanding to investigate collaboration on autonomous vehicles, mobility services and electric vehicles and have started to explore opportunities. Both companies also said they were open to considering additional vehicle programs in the future. The teams will continue working through details in the coming months. “Over time, this alliance will help both companies create value and meet the needs of our customers and society,” Hackett said. “It will not only drive significant efficiencies and help both companies improve their fitness, but also gives us the opportunity to collaborate on shaping the next era of mobility.” Diess added: “Volkswagen and Ford will harness our collective resources, innovation capabilities and complementary market positions to even better serve millions of customers around the world. At the same time, the alliance will be a cornerstone for our drive to improve competitiveness.” The alliance, which does not entail cross-ownership between the two companies, will be governed by a joint committee. This committee will be led by Hackett and Diess and will include senior executives from both companies. Commercial van and pickup collaboration Ford and Volkswagen both have strong commercial van and pickup businesses around the globe, with popular nameplates such as the Ford Transit family and Ranger as well as the Volkswagen Transporter, Caddy and Amarok. The companies’ collective light commercial vehicle volumes from 2018 totaled approximately 1.2 million units globally, which could represent the industry’s highest-volume collaboration as production scales. Demand for both medium pickups and commercial vans is expected to grow globally in the next five years. The alliance will enable the companies to share development costs, leverage their respective manufacturing capacity, boost the capability and competitiveness of their vehicles and deliver cost efficiencies, while maintaining distinct brand characteristics. Through the alliance, Ford will engineer and build medium-sized pickups for both companies which are expected to go to market as early as 2022. For both parties, Ford intends to engineer and build larger commercial vans for European customers, and Volkswagen intends to develop and build a city van.
  20. It is official. Ford and Volkswagen announced this morning a new global alliance that will focus on developing "commercial vans and medium-sized pickups." Ford will handle the development of next-generation mid-size pickups (Ranger and Amarok), along with developing and building larger vans for the European market. Volkswagen for its part will work on a small city van. “Volkswagen and Ford will harness our collective resources, innovation capabilities and complementary market positions to even better serve millions of customers around the world. At the same time, the alliance will be a cornerstone for our drive to improve competitiveness,” said Volkswagen CEO Herbert Diess. “Over time, this alliance will help both companies create value and meet the needs of our customers and society. It will not only drive significant efficiencies and help both companies improve their fitness, but also gives us the opportunity to collaborate on shaping the next era of mobility,” added Ford CEO Jim Hackett. The two also announced plans to explore "autonomous vehicles, mobility services and electric vehicles," along with adding new vehicle programs. Source: Ford, Volkswagen Volkswagen AG And Ford Motor Company Launch Global Alliance Alliance leverages the two global automakers’ strengths to better compete, innovate and serve customers Alliance does not involve cross-ownership between the two companies Companies to first deliver medium pickup trucks for global customers, aiming to start in 2022, and intend to follow with commercial vans in Europe Van and pickup agreements are targeted to deliver scale and efficiencies for each company starting in 2023 Volkswagen and Ford also are committed to exploring potential collaboration on EVs, autonomous vehicles and mobility services DETROIT, Jan. 15, 2019 – Volkswagen AG and Ford Motor Company today announced the first formal agreements in a broad alliance that positions the companies to boost competitiveness and better serve customers in an era of rapid change in the industry. Volkswagen CEO Dr. Herbert Diess and Ford CEO Jim Hackett confirmed that the companies intend to develop commercial vans and medium-sized pickups for global markets beginning as early as 2022. The alliance will drive significant scale and efficiencies and enable both companies to share investments in vehicle architectures that deliver distinct capabilities and technologies. The companies estimate the commercial van and pickup cooperation will yield improved annual pre-tax operating results, starting in 2023. In addition, Volkswagen and Ford have signed a memorandum of understanding to investigate collaboration on autonomous vehicles, mobility services and electric vehicles and have started to explore opportunities. Both companies also said they were open to considering additional vehicle programs in the future. The teams will continue working through details in the coming months. “Over time, this alliance will help both companies create value and meet the needs of our customers and society,” Hackett said. “It will not only drive significant efficiencies and help both companies improve their fitness, but also gives us the opportunity to collaborate on shaping the next era of mobility.” Diess added: “Volkswagen and Ford will harness our collective resources, innovation capabilities and complementary market positions to even better serve millions of customers around the world. At the same time, the alliance will be a cornerstone for our drive to improve competitiveness.” The alliance, which does not entail cross-ownership between the two companies, will be governed by a joint committee. This committee will be led by Hackett and Diess and will include senior executives from both companies. Commercial van and pickup collaboration Ford and Volkswagen both have strong commercial van and pickup businesses around the globe, with popular nameplates such as the Ford Transit family and Ranger as well as the Volkswagen Transporter, Caddy and Amarok. The companies’ collective light commercial vehicle volumes from 2018 totaled approximately 1.2 million units globally, which could represent the industry’s highest-volume collaboration as production scales. Demand for both medium pickups and commercial vans is expected to grow globally in the next five years. The alliance will enable the companies to share development costs, leverage their respective manufacturing capacity, boost the capability and competitiveness of their vehicles and deliver cost efficiencies, while maintaining distinct brand characteristics. Through the alliance, Ford will engineer and build medium-sized pickups for both companies which are expected to go to market as early as 2022. For both parties, Ford intends to engineer and build larger commercial vans for European customers, and Volkswagen intends to develop and build a city van. View full article
  21. Ford and Volkswagen have spent a fair amount of 2018 talking about a possible alliance. We know that publically, the two have signed a "Memorandum of Understanding" focusing on commercial vehicles. But numerous rumors have been flying about saying this alliance could go further, such as autonomous technologies and electric vehicles. Nothing has been made official, that could be changing next week. Reuters has learned from two sources that Ford and Volkswagen will be making the alliance official next Tuesday during the Detroit Auto Show. It is unclear what the announcement will entail, possibly talking about commercial vehicles or more. The overall goal of the alliance is to reduce costs and streamline operations. Bloomberg is reporting that Volkswagen is expecting to hold a board meeting tomorrow to possibly green-light the alliance. Their sources say the talks between the automakers are progressing. Automotive News adds more fuel to the fire as they note there is a “pending industry announcement” taking place at the main stage at 8:30 a.m. Organizers of the show declined to comment on what the announcement will be or which company requested it. Both Ford and Volkswagen declined to comment. Source: Automotive News (Subscription Required), Bloomberg , Reuters
  22. Ford and Volkswagen have spent a fair amount of 2018 talking about a possible alliance. We know that publically, the two have signed a "Memorandum of Understanding" focusing on commercial vehicles. But numerous rumors have been flying about saying this alliance could go further, such as autonomous technologies and electric vehicles. Nothing has been made official, that could be changing next week. Reuters has learned from two sources that Ford and Volkswagen will be making the alliance official next Tuesday during the Detroit Auto Show. It is unclear what the announcement will entail, possibly talking about commercial vehicles or more. The overall goal of the alliance is to reduce costs and streamline operations. Bloomberg is reporting that Volkswagen is expecting to hold a board meeting tomorrow to possibly green-light the alliance. Their sources say the talks between the automakers are progressing. Automotive News adds more fuel to the fire as they note there is a “pending industry announcement” taking place at the main stage at 8:30 a.m. Organizers of the show declined to comment on what the announcement will be or which company requested it. Both Ford and Volkswagen declined to comment. Source: Automotive News (Subscription Required), Bloomberg , Reuters View full article
  23. Volkswagen has released some sketches of the upcoming 2020 Passat that will be debuting next month at the Detroit Auto Show. It is clear that the automaker is addressing one of the biggest complaints about the current model, the boring exterior. Volkswagen is taking some ideas from the smaller Jetta with a larger, upright grille; creasing along the side, and new trunk lid design. Aside from the roof, Volkswagen says all of the body panels are new or modified. According to media who got the chance to see the car in person during a preview event, the 2020 Passat's interior features a new center stack with an updated infotainment system. Overall interior space is still expansive. We were hoping that the next Passat would transition over to the MQB platform, but the model will remain on the PQ46 platform that underpins the current model. Why is that? “This segment is shrinking, and we figured that we can give the customers all they need with the current platform instead of spending to switch to a new one,” said Kai Oltmanns, product manager for the Passat to Motor1. Automotive News reports that the 2020 Passat will retain the turbocharged 2.0L four-cylinder and six-speed automatic. Pricing for the 2020 Passat will be announced near to its release date, expected to sometime next summer. Source: Automotive News (Subscription Required), Motor1, Volkswagen
  24. Volkswagen has released some sketches of the upcoming 2020 Passat that will be debuting next month at the Detroit Auto Show. It is clear that the automaker is addressing one of the biggest complaints about the current model, the boring exterior. Volkswagen is taking some ideas from the smaller Jetta with a larger, upright grille; creasing along the side, and new trunk lid design. Aside from the roof, Volkswagen says all of the body panels are new or modified. According to media who got the chance to see the car in person during a preview event, the 2020 Passat's interior features a new center stack with an updated infotainment system. Overall interior space is still expansive. We were hoping that the next Passat would transition over to the MQB platform, but the model will remain on the PQ46 platform that underpins the current model. Why is that? “This segment is shrinking, and we figured that we can give the customers all they need with the current platform instead of spending to switch to a new one,” said Kai Oltmanns, product manager for the Passat to Motor1. Automotive News reports that the 2020 Passat will retain the turbocharged 2.0L four-cylinder and six-speed automatic. Pricing for the 2020 Passat will be announced near to its release date, expected to sometime next summer. Source: Automotive News (Subscription Required), Motor1, Volkswagen View full article
  25. We have been talking about the next-generation Jetta GLI for almost a year. The next-generation model is expected to get some infusion from the GTI with the same turbocharged 2.0L four-cylinder producing 220 horsepower and 258 pound-feet of torque. It will also swap the torsion-beam rear suspension for a multi-link setup. The one item we have been wondering is where Volkswagen is planning on debuting it. For some time, we thought the Detroit Auto Show in January would be the place. But Autoblog reports that the Windy City will be the place for the GLI. A Volkswagen representative told the outlet the next GLI would be premiering during the Chicago Auto Show's Press Days - February 7th and 8th. Source: Autoblog

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