Latest news with #VolkswagenAG
Bloomberg
5 days ago
- Business
- Bloomberg
Four Ex-VW Managers Convicted in Germany Over Diesel-Scandal
Former Volkswagen AG executive Heinz-Jakob Neusser was convicted by a German court and handed a suspended jail term of 1 year and three months for his role in the diesel scandal. Two other ex-employees were handed jail terms of as long as 4 1/2 years, while another was also given a suspended sentence.
Scottish Sun
6 days ago
- Automotive
- Scottish Sun
Major car maker to release range of ‘mind-blowing' performance models including reimagined fan favourite hot hatchback
"We have driven a few prototypes that we have built on the new set-up, and it is mind-blowing" Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) VOLKSWAGEN'S fan-favourite GTI performance range is set to continue into its all-electric future. In fact, the German giant promises it will be better than ever, with multiple model lines confirmed by CEO Thomas Schafer - who claims these new machines will be "mind-blowing" to drive. Sign up for Scottish Sun newsletter Sign up 3 Volkswagen's iconic GTI range is set to electrify the roads before the end of the decade Credit: Volkswagen AG 3 The ninth-generation all-electric Golf GTI promises excitement and innovation, blending sustainability with the unmistakable GTI spirit Credit: Volkswagen AG 3 Celebrating 50 years of Golf legacy, Volkswagen prepares to redefine hot hatchbacks once again Credit: Getty According to Autocar, the GTI range will go electric in 2026, starting with the ID-named GTI concept – a souped-up iteration of the ID 2 supermini. Naturally, a GTI version of the forthcoming all-electric ninth-generation Golf will also arrive by the end of the decade, marking the beginning of 'a whole group of GTI" models set to roll out in subsequent years. Work is reportedly already under way on the development of the first electric GTI models, with particular attention being paid to ensuring they are just as fun to drive as their predecessors. Schafer said: "First of all, can you make an electric Golf exciting? Absolutely. "We have driven a few prototypes that we have built on the new set-up, and it is mind-blowing." He added that the brand's priority is to engineer its electric GTI range in a way that makes its hot hatchbacks feel distinct from the standard models. Schafer said: "What about the sound? What about the total feel? The handling and so on can be done.' However, with the current petrol-powered car set to remain on sale for several more years, the production version of the electric Golf GTI will not appear in showrooms for some time. Schafer added: "We have time now, as the Golf is running very well into the end of this decade, and at the end of the decade, we'll bring an electric Golf." He also claimed the electric GTI will be "a monster car", adding: "I'm very happy with the progress. The world's most famous hatchback turned 50 in 2024 – key reasons why it's still going strong and loved by millions 'It's cool, and you can make it exciting. It has to be exciting, and it has to be authentic.' No date has been given for when VW plans to unveil the final version of the ID 2 GTI, although the standard car is due to launch in early 2026. Earlier this year, we revealed how the most noticeable change to the ninth-gen Golf would be its nameplate - with it set to be called the ID Golf. VW's ID range, which currently includes several models, is how the brand separates its lineup of fully electric vehicles - all developed as part of their commitment to sustainable mobility and reducing carbon emissions. The "ID" stands for Intelligent Design, Identity, and Idea, which reflects the German marque's vision for the future. Last year, the Golf celebrated its 50th year and we were lucky to rub shoulders with the Mk1 Golf Owners Club at the NEC Classic Motor Show in Birmingham.
Bloomberg
12-05-2025
- Automotive
- Bloomberg
Volkswagen Sells Green Hybrid Bond as Issuers Rush to Market
Volkswagen AG is selling euro-denominated green hybrid bonds, kicking off what's expected to be a busy week of corporate bond issuance amid progress in US-China trade talks. The automaker's financing subsidiary, Volkswagen International Finance NV, is offering two perpetual bonds with first call dates in November 2030 and November 2033, according to a person familiar with the matter who asked not to be identified. The bonds offer yields of around 6.25% and 6.75%, respectively, the person said.
Bloomberg
05-05-2025
- Automotive
- Bloomberg
Audi Stuck With Low Returns on Rising Europe, China Competition
Volkswagen AG's Audi continues to struggle with low returns as the German carmaker contends with tepid demand in Europe and intensifying competition in China. The brand's operating margin came in at 1.5% in the first quarter, a slight improvement over the 1.1% in the same period last year, Audi said Monday. Deliveries of fully electric vehicles were a bright spot, rising 30%.
02-05-2025
- Automotive
INTERVIEW: Slovakia Hopes Mutual Business Advances with Japan
News from Japan Society May 2, 2025 19:08 (JST) Tokyo, May 2 (Jiji Press)--Slovakia hopes for more investment from Japanese companies while asking Slovak firms to perform more actively in Japan, Slovak Ambassador to Japan Ivan Surkos said in a recent interview with Jiji Press. With a population of some 5.5 million, Slovakia is located in central Europe, bordered to the east by Ukraine and to the west by Austria. Similar to Japan, the motor industry is its main one with annual production of about one million units. Its per-capita output leads the world. Major global automakers except Japanese ones have put production bases in Slovakia, including Volkswagen AG of Germany. South Korean companies have actively advanced and invested more in the country than their Japanese rivals. "I will have to say that Korean companies are very, very active in Slovakia," the ambassador explained, noting there are "six times more investments from Korea than from Japan" totaling about 6 billion euros a year. When it comes to Japanese investment, Surkos praised Takeda Pharmaceutical Co. for having set up an information technology business foothold and bearing maker for having established a production base and a research and development hub. [Copyright The Jiji Press, Ltd.] Jiji Press
