Battery-powered EV sales in Europe are taking a hit from reduced incentives, lack of affordable models and charging infrastructure concerns.
Audi's sales chief Hildegard Wortmann has chosen to step back from her role and will be replaced by Marco Schubert, head of Europe at Porsche AG, Audi said on Friday.
Volkswagen's strong brand portfolio and 8.9% dividend yield make it an attractive investment despite market challenges and margin compression. Significant undervaluation of Volkswagen's holdings in Po
Volkswagen's passenger cars brand is struggling to meet its 10 billion euro ($11.14 billion) cost-cutting target, undermined by issues including low sales and missing parts, German business paper Hand
Hundreds of Volkswagen staff are spending time at Xpeng as the German auto giant and Chinese startup work to create electric cars for China, Xpeng co-president Brian Gu told CNBC. Volkswagen in July 2
The Volkswagen ID. Buzz marks the return of the classic VW bus, but with a twist: It's now an all-electric minivan with seating for up to seven and a range of up to 234 miles.

New Porsche NOW locations open in Canada

11:06am, Monday, 26'th Aug 2024
TORONTO, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Porsche Cars Canada, Ltd. (PCL) is pleased to announce the opening of five Porsche NOW locations in the metropolitan areas of Montreal, Ottawa, and Vancouver
Volkswagen and AirConsole bring THE gaming experience designed for cars into VW vehicles. Volkswagen and AirConsole bring THE gaming experience designed for cars into VW vehicles.
Volkswagen's goal of building 200 gigawatt hours of battery capacity by 2030 is not "set in stone" and the carmaker will monitor how demand for electric vehicles (EVs) develops, its batteries chief to
The 2024 Volkswagen Jetta sticks to its usual lane of being a smooth and spacious compact sedan. Pricing starts at $21,435.
Special sneaker design celebrates 50 Years of 911 Turbo as well as the upcoming opening of the Porsche Experience Centre Toronto Special sneaker design celebrates 50 Years of 911 Turbo as well as the
Volkswagen is due to receive a lower tariff of 21.3% on its Cupra Tavascan, produced by the SEAT brand in China, under planned duties by the European Commission on China-made cars, a source close to t

Porsche bales out ailing battery maker Varta

03:21am, Monday, 19'th Aug 2024
Porsche AG (ETR:P911) has joined a group of creditors putting together a rescue package for ailing battery maker Varta. Under the deal, Varta's debt will be cut from €485 million to €200 million,
Timo Resch is basking in the sun. That's literally true, as we spoke on a gloriously clear California day at the Quail, one of Monterey Car Week's most prestigious events.
German battery maker Varta said on Saturday it had reached a restructuring agreement with its creditors, bringing on sports car manufacturer Porsche to save the ailing business.
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