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Volkswagen says cost cuts are urgently needed as its earnings decline sharply
Read full article: Volkswagen says cost cuts are urgently needed as its earnings decline sharplyVolkswagen says significant cost cuts are urgently needed as it reports a steep decline in third-quarter earnings and faces employee representatives angry at the possibility of the automaker’s first plant closures in Germany.
The EU is imposing duties on electric vehicles from China after trade talks fail
Read full article: The EU is imposing duties on electric vehicles from China after trade talks failThe European Union says it will impose duties on imports of electric vehicles from China on Wednesday after talks between Brussels and Beijing failed to find an amicable solution to their trade dispute.
China has deported a VW executive for allegedly using drugs while in Thailand
Read full article: China has deported a VW executive for allegedly using drugs while in ThailandA senior executive for Volkswagen in China has been deported for allegedly using cocaine and marijuana while on vacation in Thailand.
As Volkswagen weighs its first closure of a German auto plant, workers aren't the only ones worried
Read full article: As Volkswagen weighs its first closure of a German auto plant, workers aren't the only ones worriedVolkswagen is considering closing some factories in its home country for the first time in the German automaker’s 87-year history.
Rivian shares soar on massive cash injection from Volkswagen, starting immediately with $1 billion
Read full article: Rivian shares soar on massive cash injection from Volkswagen, starting immediately with $1 billionShares of Rivian are soaring before the opening bell after Volkswagen agreed to invest $1 billion in the electric vehicle maker immediately and a potential total of up to $5 billion as part of a software development agreement.
Senate report finds parts made with China's forced labor in cars by BMW, Jaguar Land Rover and VW
Read full article: Senate report finds parts made with China's forced labor in cars by BMW, Jaguar Land Rover and VWA Senate inquiry has found BMW, Jaguar Land Rover and Volkswagen have bought parts made by a Chinese company sanctioned under a 2021 law for using forced labor.
Volkswagen revamps its approach in China in bid to overtake upstart EV makers
Read full article: Volkswagen revamps its approach in China in bid to overtake upstart EV makersForeign automakers have been caught flat-footed in China by an electric vehicle boom that has shaken up the market over the last three years.
Tennessee's GOP governor says Volkswagen plant workers made a mistake in union vote
Read full article: Tennessee's GOP governor says Volkswagen plant workers made a mistake in union voteTennessee Republican Gov. Bill Lee says he thinks workers at a Volkswagen plant in Chattanooga made a mistake by voting to unionize under the United Auto Workers in a landslide election.
Tennessee Volkswagen employees overwhelmingly vote to join United Auto Workers union
Read full article: Tennessee Volkswagen employees overwhelmingly vote to join United Auto Workers unionEmployees at a Volkswagen factory in Chattanooga, Tennessee, have voted overwhelmingly in favor of joining the United Auto Workers union, boosting the UAW's nationwide effort to organize nonunion factories.
Southern governors tell autoworkers that voting for a union will put their jobs in jeopardy
Read full article: Southern governors tell autoworkers that voting for a union will put their jobs in jeopardyOn the eve of a vote on union representation at Volkswagen’s Tennessee factory, Gov. Bill Lee and five other southern governors are telling workers that voting for a union will put jobs in jeopardy.
US first-quarter auto sales grew 5.1% despite high interest rates, but EV growth slows further
Read full article: US first-quarter auto sales grew 5.1% despite high interest rates, but EV growth slows furtherNew vehicle sales in the U.S. rose 5.1% from January through March, as buyers stayed in the market despite high interest rates.
Major automakers may be using Chinese aluminum produced with Uyghur forced labor, rights group says
Read full article: Major automakers may be using Chinese aluminum produced with Uyghur forced labor, rights group saysA new report says automakers including Tesla, General Motors, Volkswagen and Toyota are failing to ensure they are not using forced labor as part of their China supply chains.
White House backs industry effort to standardize Tesla's EV charging plugs
Read full article: White House backs industry effort to standardize Tesla's EV charging plugsThe White House is lending its support to an auto industry effort to standardize Tesla’s electric vehicle charging plugs for all EVs in the United States, part of a broad effort to stimulate their sales to help combat climate change.
UAW says over 1,000 workers at VW plant in Tennessee have signed cards seeking union representation
Read full article: UAW says over 1,000 workers at VW plant in Tennessee have signed cards seeking union representationMore than 1,000 workers at Volkswagen’s Tennessee factory have signed cards authorizing a vote to be represented by the United Auto Workers union.
The average new car price is at an all-time high
Read full article: The average new car price is at an all-time highThe cost of financing a new vehicle remains at an all-time high according to the car shopping experts at Edmunds. So we want to know if you are delaying your plans to purchase a new vehicle as a result.
Volkswagen unveils electric luxury sedan at China auto show
Read full article: Volkswagen unveils electric luxury sedan at China auto showVolkswagen is unveiling an electric luxury sedan that promises a 435-mile battery range as global and Chinese automakers display their latest SUVs, sedans and muscle cars at the world’s biggest auto show.
VW recalls vehicles for tire pressure monitoring malfunction
Read full article: VW recalls vehicles for tire pressure monitoring malfunctionVolkswagen is recalling nearly 225,000 vehicles in the U.S. because the tire pressure monitoring systems may not detect air losses in all four tires at the same time.
33-year-old pedestrian killed in crash on Blanding Boulevard in Orange Park, troopers say
Read full article: 33-year-old pedestrian killed in crash on Blanding Boulevard in Orange Park, troopers sayA pedestrian was fatally struck by a car on Friday evening in the Orange Park area, the Florida Highway Patrol said.
Backed by Greenpeace, farmer sues VW over climate change
Read full article: Backed by Greenpeace, farmer sues VW over climate changeA German court is set to begin hearing a case brought against Volkswagen by a farmer who claims the automaker is partly responsible for the impact that global warming is having on his family business.
Justices turn away VW appeals over emissions scandal suits
Read full article: Justices turn away VW appeals over emissions scandal suitsThe Supreme Court has turned away appeals from Volkswagen that sought to stop state and local lawsuits related to the 2015 scandal in which the automaker was found to have rigged its vehicles to cheat U.S. diesel emissions tests.
1 dead, 1 arrested after Clay County motorcycle crash, authorities say
Read full article: 1 dead, 1 arrested after Clay County motorcycle crash, authorities sayOne man died and another man was arrested following a crash early Sunday morning involving a Harley-Davidson and a Volkswagen, according to authorities.
German carmakers reject environmental groups' climate demand
Read full article: German carmakers reject environmental groups' climate demandGerman automaker Daimler has dismissed a “cease and desist” demand from two environmental groups to commit to ending the sale of combustion engine vehicles by 2030.
Florida woman killed, 17 others injured in crash on I-95 in Camden County
Read full article: Florida woman killed, 17 others injured in crash on I-95 in Camden CountyA Florida was killed and 17 others injured in a multi-vehicle crash Saturday afternoon on I-95 in Camden County, according to the Georgia State Patrol.
Electrify America to double EV charging stations by 2025
Read full article: Electrify America to double EV charging stations by 2025Electrify America, an electric vehicle charging network funded with money paid by Volkswagen as punishment for its emissions cheating scandal, says it plans to more than double its number of charging stations throughout the United States and Canada.
Greenpeace apologizes, local police slam Euro 2020 protester
Read full article: Greenpeace apologizes, local police slam Euro 2020 protesterGreenpeace has apologized and Munich police are investigating after a protester parachuted into the stadium and injured two people before Germany’s game against France at the European Championship.
Volkswagen tests electric cars, transit apps on Greek island
Read full article: Volkswagen tests electric cars, transit apps on Greek islandGerman carmaker Volkswagen has launched a five-year project on the small Greek island of Astypalea to test the adoption of electric vehicles in areas switching to sustainable energy generation.
US agency opens 2 safety probes of Volkswagen, Audi vehicles
Read full article: US agency opens 2 safety probes of Volkswagen, Audi vehiclesThe U.S. government’s road safety agency has opened two investigations into problems with Volkswagen vehicles, including one that alleges serious gasoline leaks under the hood.
FHP: 2 killed in wrong-way head-on crash on I-10
Read full article: FHP: 2 killed in wrong-way head-on crash on I-10JACKSONVILLE, Fla. – Two people were killed Tuesday night in a head-on collision on Interstate 10 eastbound near Roosevelt Boulevard, according to the Florida Highway Patrol. FHP said a black SUV was travelling east in the westbound lanes. A white Volkswagen was traveling eastbound when they both collided shortly after 8:30 p.m. The FHP did not release their names, but said next of kin had been notified. News4Jax followed up with FHP to ask how the vehicles collided head-on.
Ford to go all electric in Europe by 2030
Read full article: Ford to go all electric in Europe by 2030Ford says it will spend $1 billion to modernize its Cologne, Germany, manufacturing center, converting it into a European electric vehicle factory. (AP Photo/Martin Meissner)DETROIT – Ford is vowing to convert its entire passenger vehicle lineup in Europe to electric power by 2030 in just the latest sign of the seismic technological changes sweeping the auto industry. Ford expects two-thirds of its European commercial vehicle sales will be electric or plug-in hybrids by 2030. “We are going all in on electric vehicles,” Rowley said. The investment is part of Ford's goal of spending at least $15 billion on electric vehicles from now through 2025.
Update: Hillsborough County 1-year-old found safe, FDLE says
Read full article: Update: Hillsborough County 1-year-old found safe, FDLE saysHILLSBOROUGH COUNTY, Fla. – UPDATE: 5:50 p.m. | “This is a cancellation to the AMBER Alert that was issued on 02/16/2021 for Tinnley West. For more information please contact the Hillsborough County Sheriff’s Office.” (FDLE)Missing Child is Tinnley Sage West. Last seen wearing a yellow shirt w/ a white rainbow, tan pants w/ rainbows and one sandal #SHARE #MissingChild #Valrico pic.twitter.com/TZW54S6pSo — HCSO (@HCSOSheriff) February 16, 2021Deputies said the girl inside the SUV is 1-year-old Tinnley Sage West. She was last seen wearing a yellow shirt with a rainbow on it, tan pants with rainbows and one sandal. Deputies released a video of a potential person of interest who may have seen something to help the investigation.
Semiconductor shortage forces automobile production cuts
Read full article: Semiconductor shortage forces automobile production cutsA widening global shortage of semiconductors for auto parts is forcing major auto companies to halt or slow vehicle production just as they were recovering from pandemic-related factory shutdowns. (AP Photo/David Zalubowski, File)DETROIT – A widening global shortage of semiconductors for auto parts is forcing major auto companies to halt or slow vehicle production just as they were recovering from pandemic-related factory shutdowns. Toyota was forced to slow production of the full-size Tundra pickup at a factory in San Antonio, Texas. "This will minimize the impact of the current semiconductor shortage while ensuring we maintain production at our other North American plants,” Fiat Chrysler said in a statement. The firm lists major players in the automotive chip market as STMicroelectronics, Infineon Technologies, NXP Semiconductor, Texas Instruments and Toshiba.
European Central Bank: Just wait until December
Read full article: European Central Bank: Just wait until DecemberFRANKFURT – The European Central Bank held off from strengthening its current economic stimulus but its President Christine Lagarde said there was “little doubt” that more action would be coming at its December meeting as surging coronavirus infections and new restrictions on activity threaten Europe’s economy. “We have little doubt... that the circumstances will warrant the recalibration and the implementation of this recalibrated package," Lagarde said. Analysts believe that is one reason the bank could take no action Thursday, since there already more stimulus still in the pipeline. Massive ECB stimulus and new spending by governments has helped ward off turmoil on financial markets and cushion the downturn. Airlines, hotels, restaurants and other businesses big and small have suffered a devastating drop in activity.
Former VW boss Winterkorn faces trial on 2nd set of charges
Read full article: Former VW boss Winterkorn faces trial on 2nd set of chargesBERLIN – A German court has ruled that former Volkswagen CEO Martin Winterkorn must face trial on a second set of charges in the company's diesel emissions scandal, this time accused of market manipulation. Thursday's announcement by the Braunschweig state court followed a decision earlier this month that he must stand trial on fraud charges. No date has been set for either set of proceedings. Winterkorn resigned from Volkswagen days after the U.S. Environmental Protection Agency announced a notice of violation on Sept. 18, 2015. The court said it sent the charges to trial unchanged.
Daimler AG to pay $1.5B to settle emissions cheating probes
Read full article: Daimler AG to pay $1.5B to settle emissions cheating probesWASHINGTON – Automaker Daimler AG and subsidiary Mercedes-Benz USA have agreed to pay $1.5 billion to the U.S. government and California state regulators to resolve emissions cheating allegations, officials said Monday. The settlement, which includes civil penalties, will also require Daimler to fix the vehicles, officials said. Daimler AG said the settlement would bring costs of about $1.5 billion, while the civil settlement will bring a one-off charge of about $700 million. Fiat Chrysler also is being investigated for allegedly cheating on emissions. In April 2016, the Justice Department asked Daimler to conduct an internal probe into its exhaust emissions certification process.
Former VW boss Winterkorn must stand trial in diesel scandal
Read full article: Former VW boss Winterkorn must stand trial in diesel scandalFRANKFURT A German court has ruled former Volkswagen CEO Martin Winterkorn must stand trial on fraud charges in connection with the company's diesel emission scandal in which it sold cars with software that let them cheat on emissions tests. It said four other defendants would face trial on charges of fraud in connection with aggravated tax evasion and illegal advertising. Winterkorn resigned from Volkswagen days after the U.S. Environmental Protection Agency announced a notice of violation on Sept. 18, 2015. The company had for years been using software that recognized when vehicles were on test stands and turned emission controls on, then turned the emission controls off during normal driving. Volkswagen paid more than 30 billion euros ($33 billion) in fines and settlements over the scandal.
China auto sales up 14.5% in May, recovering after pandemic
Read full article: China auto sales up 14.5% in May, recovering after pandemicChinas auto sales surged 14.5% in May, a second straight month of growth as the global industrys biggest market gradually recovers from the coronavirus pandemic, the China Association of Automobile Manufacturers said Thursday. (AP Photo/Mark Schiefelbein)HONG KONG Chinas auto sales surged 14.5% in May, a second straight month of growth as the global industrys biggest market gradually recovers from the coronavirus pandemic. Sales fell 9.6% last year, their second straight annual decline. The downturn is squeezing brands that are investing billions of dollars to develop electric vehicles under pressure to meet government sales targets. Demand for electric vehicles weakened last year after Beijing reduced subsidies that helped to make China their biggest market, accounting for half of global sales.
VW spending $2.2B to expand in China's electric car market
Read full article: VW spending $2.2B to expand in China's electric car marketBEIJING Volkswagen is spending 2 billion euros ($2.2 billion) to expand its presence in Chinas electric car industry in the biggest foreign investment announced since the country's economy began to reopen following the coronavirus pandemic. Volkswagen AG said Friday it will buy control of its electric vehicle venture with a Chinese partner in a 1 billion euro ($1.1 billion) deal. The ruling Communist Party scrapped limits on foreign ownership of electric vehicle makers in 2018 to promote industry development. By gaining management control, Volkswagen is paving the way for more electric models and infrastructure, the companys announcement said. GM, Nissan, BMW AG and other automakers also have joint ventures with Chinese partners to develop lower-cost electric models.
German court ruling clears the way to settle VW diesel cases
Read full article: German court ruling clears the way to settle VW diesel casesAccording to the ruling, Volkswagen is basically obliged to pay damages to car owners affected by the diesel scandal. Volkswagen said the decision announced Monday would clear the way for settlement of remaining consumer claims in Germany. The decision affects some 60,000 individual claims brought by car owners there; around 262,000 others have already been covered by an 830 million-euro ($904 million) class-action settlement. For the majority of the 60,000 pending cases, this ruling provides clarity, the company said in a statement. He had sought the full purchase price but the court ruled he must accept less due to depreciation related to the distance he drove.
Trio arrested after guns tossed during high-speed pursuit, deputies say
Read full article: Trio arrested after guns tossed during high-speed pursuit, deputies sayLAKE CITY, Fla. – Three men were arrested Wednesday after guns were tossed out of a vehicle during a high-speed chase that was captured on two dashboard cameras, the Columbia County Sheriff’s Office said. The pursuit got too dangerous, so deputies backed off and called in more deputies to flood the area in search of the car, according to the report. The three men were identified by deputies as 18-year-old Diatrez Anderson, 22-year-old Isaih Cox and 20-year-old Zakari Harris, all of Gainesville. Deputies said they believe the marijuana they found while searching the car was intended to be sold by the men. Harris has a history of 14 felony and two misdemeanor charges, including burglary.
Elon Musk says Tesla will build cars in Berlin
Read full article: Elon Musk says Tesla will build cars in BerlinIn a tweet Tuesday, Tesla's billionaire CEO Elon Musk said the plant would build batteries, powertrains and vehicles, "starting with the Model Y." PALO ALTO, Calif. - Less than three weeks after starting trial production of cars in China, Tesla has announced the location of its second factory outside the United States: Berlin, Germany. In a tweet Tuesday, Tesla's billionaire CEO Elon Musk said the plant would build batteries, powertrains and vehicles, "starting with the Model Y." The move takes the great electric car race to Volkswagen's backyard. Volkswagen has just started making its new ID.3 electric car series and recently announced a deal with Sweden's Northvolt to build a giant battery factory in Germany.
Fiat Chrysler, Peugeot owner agree to merge in mega auto deal
Read full article: Fiat Chrysler, Peugeot owner agree to merge in mega auto dealThe merger between Fiat Chrysler and PSA Groupe will create a company with $190 billion in revenue. AMSTERDAM - Fiat Chrysler and Peugeot owner PSA Group have announced the terms of a merger that would create a new trans-Atlantic automaking giant with roughly 410,000 employees and combined revenues of $190 billion. The combined company would be based in the Netherlands, which is the current headquarters of Fiat Chrysler. John Elkann, the current chairman of Fiat Chrysler, would perform the same role at the combined company, while PSA Group chief executive Carlos Tavares would be CEO. Fiat Chrysler and PSA sold a combined 8.7 million vehicles last year, just ahead of GM, which sold 8.3 million, and not far behind Volkswagen and Toyota, which each sold over 10 million.
Europe's switch to electric cars accelerates
Read full article: Europe's switch to electric cars acceleratesThe Japanese carmaker announced Wednesday that it will sell only electric and hybrid vehicles in Europe starting in 2022, three years earlier than previously planned. German carmaking king Volkswagen is spending 30 billion ($34 billion) over the next five years to make an electric or hybrid version of every vehicle in its lineup, and it plans to launch 70 new electric models by 2028. South Korea's largest car company, Hyundai, said last week that it planned to invest 41 trillion won ($35 billion) into electric cars and autonomous driving by 2025. Hyundai plans to release 23 kinds of electric vehicles by then, making up roughly half of its new lineup. By 2040, electric cars could make up 57% of all passenger car sales worldwide, according to an analysis by Bloomberg New Energy Finance.
Volkswagen pauses $1.4 billion Turkey investment over Syria invasion
Read full article: Volkswagen pauses $1.4 billion Turkey investment over Syria invasionWOLFSBURG, Germany - Volkswagen has paused a planned $1.4 billion investment in Turkey as a result of the country's military offensive in Syria. The 1.3 billion ($1.4 billion) plant was reportedly slated to produce the Volkswagen Passat and Skoda Superb. Volkswagen Group already has one factory in Turkey, which produces commercial vehicles for its MAN subsidiary. Turkey launched an invasion last week of territory in Northern Syria controlled by the Kurds, an ethnic minority long allied with the United States that played a major role in the fight against ISIS. Trump also said the United States would raise tariffs on Turkish steel exports to 50% and "immediately" stop trade negotiations with Ankara.
Hyundai investing $35B in autonomous driving and electric cars
Read full article: Hyundai investing $35B in autonomous driving and electric carsHyundai does not intend to be left behind in the high-stakes race to build mass-market electric and self-driving cars. (CNN) - Hyundai does not intend to be left behind in the high-stakes race to build mass-market electric and self-driving cars. The race to get fully autonomous cars on the roads is underway globally, and carmakers are under pressure to either get on board or risk getting left behind. Ford and Baidu have teamed up to develop self-driving cars in China. And Volkswagen started testing electric cars fitted with autonomous technology on a section of Hamburg's streets.
Volkswagen CEO, chairman charged in emissions scandal
Read full article: Volkswagen CEO, chairman charged in emissions scandal(CNN) - Volkswagen CEO Herbert Diess and the company's chairman, Hans Dieter Ptsch, were charged by German prosecutors on Tuesday with market manipulation tied to the carmaker's diesel emissions scandal. The two executives are accused of failing to disclose the huge financial risks of the diesel scandal to shareholders in a timely fashion. Martin Winterkorn, the former CEO of Volkswagen, was also charged by prosecutors. It's the latest fallout from Volkswagen's bombshell admission in 2015 that it had rigged millions of diesel cars worldwide to cheat on emissions tests, a scandal that has cost the company more than $30 billion. The-CNN-Wire & 2019 Cable News Network, Inc., a Time Warner Company.
VW unveils its first electric car
Read full article: VW unveils its first electric carWOLFSBURG, Germany - After unveiling a new brand identity and logo, Volkswagen revealed a new electric car to go along with it. The ID.3, a compact hatchback, is the first in a planned family of ID electric cars from the automaker. At its Volkswagen Group event in Frankfurt, Germany, VW executives spoke a lot about how the ID.3 needs to represent Volkswagen's return to its early days as a likable maker of fun cars like the Beetle. VW also promises it will be fun to drive, but we'll have to see about that later. The base car will start at under 30,000 euros.
Volkswagen's electric future quickly taking shape
Read full article: Volkswagen's electric future quickly taking shapeSean Gallup/2017 Getty ImagesWOLFSBURG, Germany - Volkswagen is picking up the pace in its bid to dominate the auto industry's electric future. The group plans to launch almost 70 new electric models in the next decade, and hopes to build 22 million electric cars over this period. Volkswagen is investing 900 million ($993 million) into the Northvolt joint venture. By 2021, the plant is expected to produce 330,000 vehicles per year, making it Europe's "largest and most efficient electric vehicle plant," according to Volkswagen. The ID.3 will be the first vehicle to be built on this new modular electric car production platform, or MEB.
New electric Volkswagen sells out before launch
Read full article: New electric Volkswagen sells out before launchBut it is not alone among traditional carmakers in pouring money into electric cars, as expectations rise of future mass adoption, encouraged by falling battery costs and government subsidies. Elon Musk's Tesla has the headstart it sold more than 220,000 electric cars in 2018, according to LMC Automotive, roughly 70,000 more than its nearest competitor, Chinese state-owned BAIC Group. Volkswagen's earlier electric cars, the e-Up! It has a range of 261 miles (420 kilometers), higher than previous Volkswagen electric models. Future electric vehicles include the Audi E-Tron and Porsche Taycan.
Man who turned Volkswagen into powerhouse has died
Read full article: Man who turned Volkswagen into powerhouse has died(CNN) - Ferdinand Piech, who helped turn Volkswagen into the world's biggest carmaker before resigning ahead of one of the most tumultuous periods in the company's history, has died. Piech led the German automotive giant in various capacities for more than two decades. The grandson of legendary carmaker Ferdinand Porsche, Piech began his career at Audi and took over as CEO of Volkswagen in 1993. Piech stepped down as Volkswagen chairman in April 2015 after a failed attempt to oust CEO Martin Winterkorn, who had led the company for eight years. A holding company run by members of the the Porsche and Piech families still controls about 53% of the Volkswagen Group.
UK bans VW, Philadelphia Cream Cheese ads over gender stereotypes
Read full article: UK bans VW, Philadelphia Cream Cheese ads over gender stereotypesThe ads for Volkswagen and Philadelphia cream cheese were investigated by the UK Advertising Standards Agency after viewers complained they perpetuated gender stereotypes. The ads, for Volkswagen and Philadelphia Cream Cheese, were investigated by the UK Advertising Standards Agency (ASA) after viewers complained they perpetuated gender stereotypes. New rules that came into force in June prohibit depictions of gender that "are likely to cause harm, or serious or widespread offense." It prompted three complaints from viewers, and the ASA found it showed a woman "engaged in a stereotypical care-giving role." A second commercial for Philadelphia Cream Cheese showed two dads looking after their children at a restaurant with a conveyer belt.
4 major automakers cutting emissions as US rolls back rules
Read full article: 4 major automakers cutting emissions as US rolls back rulesThe move will essentially put the four automakers on track to comply with tougher emissions rules even as the Trump administration works to roll back policies put in place under President Barack Obama. Regulatory pressures around the world, including in Europe and China, are pushing automakers to produce electric vehicles. Automakers anticipate consumers will start buying more electric vehicles in the future as prices drop. Automakers are spending billions to develop electric vehicles and more fuel-efficient gas vehicles, and many fear regulatory uncertainty will set back their efforts. The Obama rules would have required automakers to produce vehicles with an average fuel economy of 54.5 miles per gallon by 2025 model year vehicles.
Ford, VW update plans for electric, self-driving cars
Read full article: Ford, VW update plans for electric, self-driving carsThey also said they were investigating how to develop the next generation of vehicles, such as electric and self-driving cars. All of the world's major automakers are racing to develop electric and self-driving cars. Volkswagen has said previously that it will spend 44 billion ($50 billion) by 2023 on an "electric offensive" to develop electric cars, self-driving vehicles and other new technology. But much of the $11 billion restructuring is with an eye towards developing electric and self-driving cars. Volkswagen estimates that electric vehicles will make up 40% of its fleet by 2030.
Volkswagen's last Beetle to leave factory this week
Read full article: Volkswagen's last Beetle to leave factory this weekAfter roughly seven decades of production and three generations of designs, Volkswagen is retiring its iconic Beetle. (CNN) - After roughly seven decades of production and three generations of designs, Volkswagen is retiring its iconic Beetle. Volkswagen created new Beetle generations in 1998 and 2012. "It's impossible to imagine where Volkswagen would be without the Beetle," Volkswagen of America president and CEO Scott Keogh said in a statement. The final Beetle to roll off the assembly line will be displayed at a Volkswagen museum in Puebla, the company said.