Toyota isn’t looking to buy just Google’s legged-robot R&D firm Boston Dynamics. The automaker also has its eye on another company under the Alphabet X nee Google X umbrella.
That, Volkswagen wants its own “Gigafactory”, and ACEA releases its 2016-2017 Automobile Industry Pocket Guide for your to nerd out on … after the break.
The history of the city of Wolfsburg, Saxony, in Germany is inseparable from that of Volkswagen.
The municipality was established originally in 1938 as Stadt des KdF-Wagens bei Fallersleben. It was intended as a model town based around the factory the Nazis built to make Dr. Porsche’s KdF-Wagen, what became the Type I Volkswagen, or Beetle.
To put that historical link between the automobile company and the city into an artistic context, the Kunstmuseum Wolfsburg is holding an exhibition running through November 9, 2016 titled “Wolfsburg Unlimited: A City As A World Laboratory“. (Read More…)
The diesel emissions scandal can’t be blamed for all of Volkswagen’s sales woes.
Today, the automaker announced first-quarter profits fell 86 percent compared to the same time last year, not surprising given its sidelined diesel models, the hit to its reputation, and a hastily cobbled together $18.2 billion scandal fund.
Worldwide sales of Volkswagen passenger cars fell 1.3 percent (year-over-year) this quarter, but the scandal doesn’t tell the whole story. That number would have been in positive territory if select countries weren’t grab-your-money-and-get-out economic disasters. (Read More…)
America — would you buy a modern Škoda?
According to AutoGuide, Škoda submitted four separate trademark applications for “Skoda Superb”, “Superb”, “Octavia”, and “Yeti” with the United States Patent and Trademark Office (USPTO) on May 24 and May 25, 2016. USPTO has yet to publish them for opposition.
While this is nothing new for Škoda (the company has continually filed trademarks in America since the 1920s), it’s worth noting what the company applied to trademark compared to what it usually trademarks.
First-quarter earnings just released by Volkswagen Group show a massive hit to the company’s namesake brand, all thanks to fallout from the diesel emissions scandal.
Profit at Volkswagen passenger cars fell 86 percent to 73 million euros ($81 million), down from 514 million euros last year. That plunge leaves the brand with a nano particle-thin operating margin of 0.3 percent.
Still, the scandal isn’t a killing blow for the company. Why? Investment advisers aren’t lying when they say diversity is key to weathering shocks. (Read More…)
The Volkswagen Beetle’s days are numbered, but at least it will go to its grave with updated looks.
Design changes are coming for the 2017 model, with a host of new trim lines on tap — in Europe, at least. Expect the updated model to be the resurrected nameplate’s last makeover, as production is said to end in late 2018. (Read More…)
Pity poor Volkswagen. It’s constantly accused of doing the wrong thing in the wake of the diesel emissions scandal.
But guess what? There’s reason for it, and here’s yet another example.
TTAC reader Rudy Lukez has waited months to find out what Volkswagen plans to do with his 2014 Jetta Sportwagen TDI. So, when a package from the company showed up in his Highlands Ranch, Colorado mailbox this morning, the repeat Volkswagen owner figured his questions were about to be answered. (Read More…)
Not wanting to be left out of the mobility party, Toyota and Volkswagen recently invested in two ride-sharing companies, becoming the latest automakers to sink cash into the sharing economy.
Toyota invested a rumored $100 million in the ubiquitous ride-sharing company Uber, while Volkswagen, which has to meter out its dough carefully (thanks to a pesky little scandal), dropped $300 million on Uber’s taxi-hailing rival Gett. (Read More…)
Owners of 2.0-liter Volkswagen diesels will have to wait a little longer before learning exactly when their rolling pariahs will leave their driveways.
The automaker is on track to meet a June 21 settlement deadline, a federal judge stated yesterday, but details on the wildly expensive U.S. buyback and compensation program won’t be made public just yet. (Read More…)
Do investors trust Volkswagen to investigate itself and lay the appropriate blame? Not these three groups.
With the financial damage of the diesel emissions scandal now clear, three large investor groups are calling for accountability and the launch of an independent investigation, Reuters reports. (Read More…)