Volkswagen

Volkswagen's Cybersecurity Chief Advocates for Collaborative Defense in Industry

4 days ago

In an alarming era when automobile cybersecurity is becoming increasingly critical, Volkswagen's Cybersecurity Manager is emphasizing the importance of collective efforts to safeguard vehicles against potential cyber threats. Given the rising tension in global cyber warfare and the ongoing digitization of the automotive industry, it has become apparent that no single entity can independently protect against sophisticated cyberattacks. Thus, Volkswagen's strategy hinges on building a unified defense that draws on the strength of collaboration among manufacturers, tech companies, and governmental bodies.

Volkswagen's Strategic Shift Under CEO Blume: Navigating Cost Cuts and a New Vision for China

12 days ago

In a move signaling a pivotal transformation for Volkswagen, CEO Oliver Blume has unveiled an ambitious new strategy aimed at enhancing the automaker's competitiveness in China, the world's largest automotive market. This announcement comes as part of a broader initiative to streamline operations, reduce costs, and ultimately secure Volkswagen’s position amid intensifying competition from local manufacturers.

Volkswagen Amplifies Investment in Rivian's Electric Vehicle Technology by $800 Million

1 month ago

In a significant move for the automotive industry, Volkswagen has decided to increase its investment in Rivian Automotive, enhancing its stake in the innovative electric vehicle maker by an additional $800 million. This strategic decision underlines Volkswagen's commitment to the electric vehicle market and its push to diversify its portfolio with advanced EV technology.

Volkswagen Issues Second Profit Warning this Year, Signaling Troubled Times for the Carmaker

3 months ago

Volkswagon AG has managed to make it to the headlines again, but for all the wrong reasons. This German automotive giant gave the second profit warning for 2024 on September 30, showing underlying cracks in what was hitherto almost a bulletproof business model. Volkswagen's move indeed raises several red flags both for investors and industry watchers, signaling the deeper issues in the company's operational mechanics and market responsiveness.

Germany’s EV Sales Collapse – Is This the Beginning of the End for Europe’s Auto Market?

3 months ago

Electric vehicle (EV) sales have seen a sharp slump not just in Germany but across all European car markets. The situation is extremely disturbing to automakers and economists as sales figures point out a worrying sign.