APRNEWS - German car behemoth Volkswagen on Thursday reported a slip in profits in the first quarter, in part blaming a billion-euro ($1.1-billion) charge over "legal risks" related to its "dieselgate" emissions cheating scandal.
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APRNEWS - African firms are hoping for a slice of the continent’s largely underdeveloped market for new cars, taking on global car giants like Japan’s Toyota and Germany’s Volkswagen.
APRNEWS - Volkswagen will manufacture electric car batteries and charging stations in its home region in Germany, as it prepares to mass produce electric vehicles and overhaul its components division, which makes engines and steering parts.
REUTERS - Volkswagen (VOWG_p.DE) will invest 3.5 billion euros ($4 billion) by 2025 to build digital businesses and products including a cloud computing-based platform to connect vehicles and customers to offer services such as car sharing.
REUTERS - Volkswagen (VOWG_p.DE) said its components development and manufacturing business would become an independent entity within the group from January 2019, alongside the VW Passenger Cars business and Volkswagen Commercial Vehicles.