Reports have connected forced labor by detained Uyghur Muslims to major global companies that do business in the Xinjiang region.
Volkswagen first invested in QuantumScape in 2018 and is now the largest automaker shareholder of the battery startup.
The company's share price popped 10% on the phony news, which was rolled out well before the April 1 holiday.
The brand previously said its electric vehicles would come with exterior "Voltswagen" badging. Now it's reportedly walking back the announcement.
The Scion Asset Management boss has tweeted about market bubbles and criticized Tesla, bitcoin, Robinhood, and the GameStop buying frenzy this year.
Volkswagen emulates Tesla's strategy by investing in battery factories and developing new software for their electric vehicles.
During a live stream in front of investors, Volkswagen executives said it intends to build six battery production plants in Europe by 2030.
The German carmaker plans to build six European battery plants and expand access to fast-charging stations worldwide.
The German carmaker's chief executive hasn't been shy about his aspirations to "catch up with Tesla."
Burry, who is short Tesla, has revealed that he owns a stake in Volkswagen's biggest shareholder, Porsche SE.
German automaker Volkswagen’s shares rose 5% on a report that it’s weighing a stock listing for Porsche. A potential IPO or spinoff of Porsche could take place in 2022, according to Bloomberg. Volkswagen owns 12 brands including Audi, Bentley, Lamborghini, Porsche, and Skoda. Sign up here for our daily newsletter, […]
The company is apparently studying the advantages of either spinning off Porsche or taking it public.
Car dealerships are already reflecting the slowdown in manufacturing due to the global chip shortage. Shoppers may see higher prices and lower availability of certain car models. Car companies began halting production in January and expect to lose billions this year. Visit the Business section of Insider for more stories. […]
2020 was a massive year for electric vehicles, but 2021 may be even better. Battery-powered pickups, SUVs, luxury sedans, and more – ranging from around $US40,000 into the six figures – will hit US roads by the end of 2021. Over the next year, upstarts like Rivian, Bollinger, and Lucid […]
Volkswagen CEO Herbert Diess used his first tweet to troll rival CEO Elon Musk. Diess told Musk he was on Twitter to get “some of your market shares.” A Volkswagen spokesperson told CNN the two executives “respect each other.” Visit Business Insider’s homepage for more stories. Volkswagen CEO Herbert Diess […]
Volkswagen Group Components has unveiled a prototype of its EV charging robot with eyes. The robot can autonomously charge multiple electric vehicles by connecting the EVs to mobile power units. Volkswagen is now further developing the robot for use in areas like underground parking structures. Visit Business Insider’s homepage for […]
As the automotive world steadily shifts away from internal combustion and toward an electric future, one of the big questions about how exactly this will work comes down to power. Specifically, when will batteries be powerful and cheap enough to allow electric cars to go as far and cost as […]