Volkswagen AG is moving forward with its plan to list a minority stake in Porsche, with the latest details suggesting that the initial public offering could manifest by this month – if not early October. It’s set to be one of the biggest IPOs ever. But it’s also sounding like Volkswagen Group may abandon the scheme if the larger political or economic situation continues to sour. Considering the continent’s present trajectory, that doesn’t sound like it’s beyond the realm of possibilities. However, the quick turnaround for the offering may mean VW can get out ahead of any social unrest and financial upheaval. Ideally, the automaker still wants to see the sale happen.
After all these years of writing about junkyard-found vehicles (15 years, to be exact), I'm trying to fill in some of the thin spots in these automotive history lessons. I've caught up on some of the post-1980s BMWs I'd neglected, I'm trying to add more SUVs to the mix, and now I realize that I haven't paid much attention to discarded VW Passats built since we called that model the Dasher or the Quantum over here. So, I decided to document the very first Passat I found in a junkyard with a manual transmission (just to make the search more of a challenge), and that turned out to be this '03 GLS.
Most automakers have some stuff in their past of which they’re rightfully proud. Certain landmark models are fondly recalled long after they’ve been relegated. Pristine examples of those beauties will often be rolled out and dusted off either during launches of new, tangentially-related models or during serious lulls in the product cycle where everything on lots is dull. Sometimes, these heritage cars will even be loaned to us journalists for a brief time.
Volkswagen has done this in the past - I’ve seen my colleagues joyously cruising in stunning Beetles and Microbuses. What’s remarkable is this 2022 Volkswagen Passat is nominally a new car, but it doesn’t appear on the Build-And-Price tool at vw.com. It seems to be a curious case where a brand new car has been prematurely shuffled off to the heritage fleet.
Last week, Volkswagen’s supervisory board reportedly told management that it needed to work on improving the company’s software division. Though that should hardly be surprising considering how often digital glitches have delayed product launches and forced the automaker to issue sweeping recalls.
Software gremlins stymied the launch of numerous ID-badged EVs, the Mk8 Golf, and a handful of other vehicles from VW Group’s many subsidiaries. But the issues have persisted, with customers citing electrical troubles and noting that the automaker’s novel touchscreen interfaces are brutally unresponsive. Some of the problems were deemed so heinous that the company eventually recalled literally every current-generation Golf sold within its native Germany. But it’s going to have to do a lot more if it’s serious about leveraging computer code as the cornerstone of an evolving business model and the board of directors seems keenly aware of that fact.
Volkswagen Group is reportedly considering reviving the Scout name for North America. Following the merger of trucking subsidiary Traton and Navistar in 2020, VW found itself in possession of the farm-focused International Harvester. While the brand technically hasn’t existed since 1985, the German company effectively owns its intellectual property — including the Scout name — and is keen to leverage some of its nostalgia for an alleged sub-brand specializing in sport utility vehicles.
Volkswagen CEO Herbert Diess has explained that the automaker would very much like to get back in to the United States’ good graces now that it has cut ties with Russia. With the future of Europe looking shaky, VW is hoping to maintain its position as the best-selling brand in China and start making inroads in America after burning a few bridges there.
Despite the Dieselgate scandal being seven years in the rearview mirror, the automaker is still coping with the resulting financial penalties and the resulting decision to scale back its U.S. aspirations a tad until its electric models hit the road. But the company has always had an issue understanding what American drivers wanted, resulting in boom and bust phases for the company until it manages to solve the puzzle. The most common issue was an inability to adhere to ever-changing emissions standards. But there are also periods where the manufacturer was snubbed for offering subpar electrical equipment or simply having a lineup that was out of sync with American tastes. But Volkswagen has historically enjoyed a resurgence after making the necessary changes and Diess is hoping for another comeback.
I’m well aware that I’m remarkably privileged to do what I do here at TTAC. I’m a car enthusiast, getting paid to go play with cars. Friends often will ask what I’m driving this week, rather than the usual small talk about the weather. A touch of envy seeps into the conversation when I reveal that I’m driving a high-end luxury car or some powerful sportscar.
When it comes down to it, however, I’m using whatever car arrives in my driveway that week as my primary driver: First, to properly evaluate it for you, dear reader, and secondly, to keep miles off the cars in my driveway. But I’ll always need my own cars, as I need to get to my office for the day job and I don’t always have media loaners upon which I can rely. One of my own cars, however, will be reappropriated soon as my eldest turns sixteen in about a week – and my other car – a vintage Miata – isn’t particularly suitable for year-round driving.
So, this is where my privilege comes in – I’ve been using this second career as an extended test drive to find my next daily driver. While those high-end luxury cars would be a lovely addition to the fleet, quite frankly they don’t pay me enough here. So, I’m looking toward more reasonably-priced ways to get where I’m going – and something that provides cheap thrills like this 2022 Volkswagen Jetta GLI might very well be the ideal choice.
Despite Porsche transitioning to all-electric vehicles with the rest of Volkswagen Group, the brand believes that its customers will still want to drive around vintage gasoline models even after the European Union has banned them into oblivion. This is especially important for the iconic 911, which the company has repeatedly hinted would be one of the last models in its lineup to ditch internal combustion.
With countless racing series already devoted to classic examples of the car, Porsche wants to ensure there’s a solution for motorists who want to do more than pet theirs in a silent garage should the government introduce even stricter standards for automobiles than what’s already coming down the pike. So it’s revisiting alternative fuels — specifically a carbon-neutral alternative to gasoline that would work in traditional engines — from Chilean e-fuel producer Highly Innovative Fuels, with whom it’s already investing.
Practically every automaker on the planet has begun signaling a desire to change with the times by collectively revising their business strategies. The new hotness involves lower volumes, higher margins, and electric vehicles with the ability to push connected services allowing manufacturers to charge you piecemeal for just about every feature imaginable.
While Volkswagen Group has been at the forefront of those trends since the 2015 Dieselgate scandal helped force its hand, it often suggested that the shift to EVs would be a boon to low-income families. It was hardly the only automaker to make such promises, nor has it been the first to break them after deciding that perhaps there’s more money to be made with premium vehicles. VW has decided that its ideal strategy involves culling internal combustion vehicles by 60 percent over the next eight years and focusing on higher-margin products yielding superior profitability.
In some cases where a product is offered in a series, each successive generation is improved and is greater than the last. In other cases, the maker hits upon relative perfection early and later generations can never quite live up to the legend. In the arts, for example, while Indiana Jones fans can argue the merits of Raiders of the Lost Ark versus The Last Crusade¸ you won’t find any sane person suggesting that Kingdom of the Crystal Skull is anything but a dank shadow of the past glories. Similarly, my fanatic daughter tells me that the third book (Prisoner of Azkaban) in the Harry Potter series is the best, and all other editions pale.
We are now looking at the eighth generation of hot hatches from Wolfsburg with this, the 2022 Volkswagen GTI. Is it the greatest GTI ever, or has Indy jumped into a lead-lined refrigerator with this latest redesign?
Despite news that Volkswagen Group’s largest shareholder is eager to list the Porsche brand, rumors are swirling that the plan might be delayed over the conflict in Eastern Europe. VW and Porsche SE have openly shared their desire to launch the initial public offering (IPO) in the fourth quarter of 2022. However Porsche Automobil Holding SE’s finance head has suggested it might not be prudent if Russia is still occupying parts of Ukraine.
“We cannot rule out, if the conflict lasts a longer time, that this could have potential implications on the listing,” CFO Johannes Lattwein recently explained during a press conference held in Berlin, adding that no formal decisions have yet been made.
Volkswagen Group will be moving some of its European production out of the continent and into facilities located in China and the United States, citing the war in Ukraine as the largest contributing factor. Though if you’ve been following the company, it had already signaled a desire to raise its capacity in China ever since the region shifted into becoming its largest market.
In fact, Chief Executive Herbert Diess said during Tuesday’s press call that China will be taking precedence as the automaker reorganizes its manufacturing.
After what seems like three eons and two epochs of concept vehicles, Volkswagen has finally taken the covers off a production-ready version of the ID. Buzz van. European models, of the type shown here, go on sale this calendar year with a long-wheelbase passenger model to debut for the North American market in 2023 and go on sale in 2024
And, yes, the word ‘bus’ does make it into the official press materials.
After two weeks of smoldering in the Atlantic Ocean, a cargo ship loaded with several thousand German automobiles has sunk. Packed with over 4,000 vehicles from Volkswagen Group, the Felicity Ace (pictured) originally gained notoriety for being a successful fire rescue mission conducted in open waters. But it was later revealed that a large number of the cars onboard were higher-end products from brands like Audi, Porsche, Bentley, and Lamborghini — making the salvage operation that followed likewise engaging.
Due to the immense size of the Felicity Ace, it would need to be towed several hundred nautical miles back toward Portugal so it could be serviced. Crews reportedly arrived on February 25th to evaluate the ship and prepare it for the trip back East. However, the cargo vessel began listing until it started to fall onto its starboard side and is now deemed unsalvageable. It’s assumed that the craft will be sinking near its current position, roughly 220 nautical miles from off the Portuguese Azores, taking its vehicular cargo along for the ride.