Volkswagen AG and Suzuki Motor Corporation have signed a framework agreement to establish a close long-term strategic partnership. To support a smooth development of this relationship, Volkswagen will purchase 19.9% of Suzuki’s issued shares, in a deal worth about ¥200 billion (about US$2.3 billion). The closing of the transaction is [...]
Valence Technology, Inc., an international developer of lithium iron magnesium phosphate energy storage solutions, has joined custom yacht builder Foundation Bénéteau Yachts, marine diesel engine company Volkswagen AG and Tier 1 driveline integrator ZF Marine to produce hybrid yachts.
Bénéteau, in association with ZF Marine, recently launched the new hybrid-electric [...]
Volkswagen staged the world premiere of the Up! Lite concept at the LA Auto Show. The new concept, based on Volkswagen’s New Small Family (the Up! models), incorporates a variation on the two-cylinder TDI hybrid powertrain from the L1 [...]
Volkswagen’s Jetta, Jetta SportWagen, Golf and Touareg TDI diesels sold 3,667 total units in the US November, accounting for 23% of the brand’s total sales of 16,250 units.
November 2009 sales were up 13.7% increase over November 2008. November marks Volkswagen’s fifth consecutive sales month above last year.
The Jetta, Volkswagen’s [...]
Volkswagen has joined the Model Fuels Consortium II (MFC-II) (earlier post)—the first German automaker to do so. The initial phase of the Model Fuels Consortium was launched four years ago by Reaction Design to enable the design of cleaner-burning, more-efficient engines and fuels. Volkswagen is particularly interested in [...]
Volkswagen will be investing a total of €2.3 billion (US$3.4 billion) in new products and manufacturing capacity expansion in Brazil between 2009 and 2014.
We will enjoy significant growth in Brazil this year and win market share. Our target is to sell one million vehicles per year in [...]
The Supervisory Board of Volkswagen Aktiengesellschaft has appointed Dr. Karl-Thomas Neumann as the Group Chief Officer for Electric Traction with effect from 1 December 2009 and made him a General Representative. In the newly-created function of Group Chief Officer, he reports direct to the Chairman of the Board of [...]
Shell Deutschland Oil GmbH has sold its shares in CHOREN Industries GmbH to all the remaining CHOREN shareholders, a syndicate consisting primarily of Hamburg-based entrepreneurs as well as the carmakers Daimler AG and Volkswagen AG. Shell had acquired a minority stake in CHOREN in 2005. (Earlier post.)
CHOREN is [...]
