Volkswagen AG’s fledgling Moia mobility unit is betting on the rise of self-driving cars to deliver on its plan to catch up with ride-hailing leaders such as Uber Technologies Inc. without burning through piles of cash.
June 26, 2018Business, Technology, Equipment, Safety
VW Mobility Chief Ole Harms Says Self-Driving Cars Core to Plan
Business
VW Truck & Bus to Be Renamed Traton Group
Volkswagen Truck & Bus announced it will rename itself Traton Group to further increase its independence from parent company Volkswagen AG and toward “capital market readiness” in preparation for a potential IPO by the unit.
June 20, 2018Business, Equipment
VW Is Said to Mull Van Alliance With Ford to Share Costs
Volkswagen AG is considering forming an alliance with Ford Motor Co. to share costs for development and production of vans and pickup trucks, according to people familiar with the matter.
June 19, 2018Government, Business, Fuel
VW Agrees to $1.2 Billion Fine as Diesel Crisis Grinds On
Volkswagen AG will pay a $1.2 billion fine ($1 billion euro) imposed by German prosecutors for cheating to get around diesel-emissions regulations, closing one chapter in a three-year-old crisis even as new developments arise.
June 13, 2018Government, Business, Equipment, TCA
Connecticut Gov. Dannel Malloy Says Volkswagen Settlement Funds Will Help Update Diesel Trucks
Connecticut is obtaining $7.5 million from the national Volkswagen settlement over emissions cheating and will use the funds to help replace aging diesel trucks and other equipment.
May 31, 2018Business, Equipment
VW’s MAN to Become Leaner as Parent Weighs Split, Truck IPO
MAN SE will take steps to become more profitable as owner Volkswagen AG prepares to split the 260- year-old German industrial conglomerate and potentially sell a stake in its commercial vehicles division to outside investors.
May 18, 2018Business, Equipment
VW Truck & Bus to Be Ready `Quickly’ for Capital Market Access
Volkswagen AG is speeding up preparations for its heavy commercial-vehicle division to sell stock or debt on its own as the unit expands to compete with global leaders Daimler AG and Volvo AB.
April 17, 2018Business
VW Board to Consider Truck IPO, Other Sweeping Changes
Volkswagen AG’s supervisory board is meeting April 12 to push through a change in top management and organization, after a rushed statement left more questions open than answered.
April 12, 2018Business, Equipment
VW Weighs Strategic Options for Truck Division Revamp
Volkswagen AG officials are discussing options to prepare the truck division for access to the capital markets, potentially paving the way for an initial public offering of shares or a bond sale by the unit, according to people familiar with the matter.
March 6, 2018Business, Technology, Equipment, Fuel
VW Unveils Electric Minibus to Take On Uber in App-Based Rides
Volkswagen AG’s Moia division unveiled a six-seater, battery-powered minibus to enter the market of app-based ride hailing and car-pooling, taking on the likes of Uber Technologies Inc.
December 5, 2017