#VW
Volkswagen AG Pressing Potential Porsche IPO
Volkswagen Group is apparently in talks with Porsche Automobil Holding SE about a potential initial public offering (IPO) for the Porsche luxury/sports brand. According to a statement from VW, the duo has already negotiated the agreed-upon frameworks and is in final discussions as to when they want to move forward.
Weeks of rumor preceded corporate confirmation, making it seem like the proposed deal was already a shoo-in. But any final decisions will still need to be approved by the management and supervisory boards — something Volkswagen Group said has yet to happen.
Premium German Cars Heading to U.S. Now Trapped at Sea
A massive cargo ship, responsible for ferrying high-end Volkswagen Group products from Europe to the United States, has reportedly caught fire and is now adrift in the Atlantic Ocean.
Currently said to be smoldering at least one-thousand miles off the coast of Portugal, the crew of the Felicity Ace (not pictured) has been evacuated while the sweet treasures contained within remain trapped aboard. Included are about 1,100 Porsches, 189 Bentleys, and a gaggle of Lamborghinis. The remainder of the nearly 4,000 vehicles tucked beneath the the ship’s 650-foot deck are said to be comprised primarily of Audi and VW-branded automobiles.
Audi Approved for $3.3 Billion EV Factory in China
Audi and FAW Group, the state-owned partner it is effectively required to have in order to preferential treatment from the Communist Party of China, received some good news this week. Government officials have approved the duo for a new, jointly operated production facility in Changchun.
With Volkswagen Group having shifted its focus toward China in recent years, the market has become all-important for the German company. VW is currently the top-selling brand for the entire region, with its Audi subsidiary typically being the highest volume premium automaker from Europe. Building in China is good optics for brands hoping to remain popular there and has the added benefit of placing manufacturing complexes closer to relevant suppliers, especially if you’re swapping to electric vehicles.
Volkswagen Passat Passes Away
The final Volkswagen Passat has rolled off the assembly line in Chattanooga, Tennessee, ending the model’s extended run on the North American market.
Designed by Giorgetto Giugiaro and introduced in 1973 using the VW/Audi B1 platform, the Passat arrived in the United States as the Dasher and was sold as a midsized luxury vehicle to people in the market for an imported economy car. The model carried different names in other parts of the world and even saw a few unique monikers used in the U.S. (e.g. Quantum) to help differentiate between the hatchback, sedan, and wagon variants sold throughout the 1980s. But it was officially known as the (B2) Passat by 1990, regardless of format.
Catch a Buzz: Volkswagen Microbus Debut Due in March
It seems like we’ve been waiting forever, however, Volkswagen CEO Herbert Diess has announced over social media that the 2024 ID.Buzz Microbus will be revealed on March 9th. After a few weeks of the manufacturer teasing new details of the all-electric van, Diess shared some concept sketches of the model on Thursday before confirming the exact date when “the legend returns.”
2022 Volkswagen Golf R Review: Two Steps Forward, One Step Back
Let me start this by saying that I considered the previous Golf R to be the all-around best enthusiast vehicle available in its price range during its time on sale. That’s particularly high praise coming from someone whose performance tastes generally gravitate toward V8-powered, rear-wheel-drive coupes, but I think Volkswagen had achieved something remarkable with the Mk7. It was a car that had the dynamic chops to hang with some very serious hardware out in the canyons but didn’t need to shout about it from an aesthetic standpoint, and it also sacrificed very little in terms of daily drivability and practicality to get there.
Beyond the fundamentals, the Mk7 Golf R had other important elements sorted out too – solid interior materials in a well laid out and comfortable cabin, a class-leading infotainment system with a nice-sounding stereo – that sort of thing. Automakers can get away with phoning in some of that stuff when it comes to their top-tier performance cars because enthusiasts tend to have different priorities than mainstream buyers do, but Volkswagen didn’t half-ass it. This is all to say that the Mk7 Golf R set the bar pretty high.
Report: Every New VW Golf Has Been Recalled in Germany
Volkswagen cannot seem to get away from software issues on its newer vehicles. This problem botched the launch of numerous models, including the Mk8 Golf, and seems to have returned now that every single example of the car is being recalled in Europe.
Drivers have been reporting gauge clusters displaying incorrect data, infotainment systems going offline, keys failing, and advanced driving aids that are perpetually on the fritz. The latter issue has also resulted in Golfs engaging in some erratic behavior, like erroneously triggering their own forward collision-warning sensors. This has left more than a few drivers complaining about cars stopping randomly in traffic as the automatic emergency braking system came alive.
Rare Rides Icons: The Abandoned Bugatti EB 112, a Super Sedan
Power, luxury, exclusivity, and grand touring driving enjoyment. The Bugatti EB112 promised all those adjectives in spades were it ever actually produced. But it was born at a very difficult time in the company’s history, and the super sedan never made it beyond the concept stage.
However, due to some interesting timing at the company level, the EB112 was not just a one-off concept. In fact, there are three in existence.
2022 Volkswagen Jetta GLI - Still Jekyll and Hyde, and That's Good
The 2022 Volkswagen Jetta GLI may be changed, but its character remains the same.
Just like with the heavily updated Golf GTI, that’s cause for a sigh of relief.
Perhaps even more so, since the Jetta GLI doesn’t get the same high-falutin’ interior treatment. Thank God for keeping it old school.
2022 Volkswagen Golf GTI First Drive - Don't Fix What Ain't Broken
If you’re a Volkswagen Golf GTI fan, you were probably worried that Volkswagen would screw it up as they refreshed it for 2022.
Here’s the good news – the company (mostly) didn’t do that. Especially when it comes to the most important part of GTI ownership – on-road driving performance.
Drama at Volkswagen After CEO Suggests 30,000 Job Cuts
Volkswagen CEO Herbert Diess has been facing off with the company’s German workforce for weeks over the changing nature of the business. VW vowed to transition itself toward an all-electric lineup following the 2015 diesel emissions scandal. But the necessary steps to get there haven’t been universally appreciated.
The general assumption has always been that electric vehicles would result in massive layoffs across the industry by nature of their needing fewer parts than internal combustion vehicles. But Volkswagen seems worried that it’s falling behind smaller rivals and needs to take decisive action to make sure it’s not outdone by firms operating in the United States and China. The proposed solution is an industrial overhaul designed to fast-track VW’s electrification goals. Unfortunately, German labor unions are convinced that this plan would incorporate massive layoffs and have become disinclined to offer their support. The issue worsened in September when Diess told the supervisory board that a slower-than-desired transition to EVs could result in 30,000 fewer jobs.
Reader Review: A Volkswagen GTI Vs GLI Love Story
For car freaks – and they don’t get any freakier than the B&B – a car is more than just a transportation appliance. We end up involved with our cars. We care for them. We worry about them. Some of us even name them.
My last car, a ‘15 Audi A3 2.0T Quattro, was Mitzi – petite, German, cute, fun … and not very easy to live with. If Mitzi had been a human female, she’d have been a blast in the sack and high-maintenance and kind of clueless the rest of the time. A great mistress and a lousy partner, if you will. The “it’s not you, it’s me” conversation had been coming for a while, and when used car prices went bonkers, it felt like the right time to kiss Mitzi on the forehead and say goodbye.
That’s how I ended up on a car-search journey that took several months and ended with one of the best hard decisions a car freak can be faced with: Choosing between a VW GTI or Jetta GLI. Which one won my heart? Read on.
Audi Resurrects Historical Horch Nameplate, Creates New Luxurious Rare Ride
Audi recently announced a new, super luxurious version of its largest sedan, and it’ll wear some branding not seen in a very long time. Wake up Horch, it’s 2022.
VW Pumps the Brakes On Porsche Going Public, Eyeballs Job Cuts
Back in February, there was some buzz that Volkswagen Group was seriously considering spinning off the Porsche brand or at the very least listing it on the stock exchange. While the rumors technically go back further than that, it wasn’t until early 2021 that outlets started citing anonymous sources claiming VW felt it had become too bloated with brands and wanted to shake loose some money whilst streamlining the organization.
Not so, says Volkswagen CEO Herbert Diess. It always seemed suspect that the manufacturer would offload what has consistently become one of its most profitable brands, though an IPO didn’t seem out of the question considering how ridiculously well it has worked for other entities underpinned by hype (valid or otherwise). Diess has indicated that neither scenario looks plausible anymore, stating that VW isn’t all that interested in surrendering any amount of control right now.
Dual Realities: VW CEO Claims Slow EV Shift Could Cost 30,000 Jobs
Like the rest of the world, the automotive industry is currently living in two distinct realities. Labor unions and part suppliers have been sounding the alarm that electric vehicles will require far fewer hands to manufacture and will ultimately lead to their demise. But battery firms, establishment politicians, and most automakers have claimed that transitioning to EVs is entirely necessary and will result in there being a surge of high-paying jobs to replace those lost.
Then there are claims you can’t quite wrap your head around, like the one Volkswagen CEO Herbert Diess reportedly made to the supervisory board in September. The Diess Man asserted that VW would lose 30,000 jobs if it transitioned too slowly to electrics, framing the situation around Tesla arriving in Germany and fresh competition from Chinese manufacturers. While it’s certainly possible that VW could take a hit as its rivals move on Europe, the premise that it’s going to cost the business jobs is sort of bewildering when just about every analyst agrees that electrification will result in a leaner workforce across the board.
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