Strategy update at Volkswagen: “The transformation to electromobility was only the beginning”

Volkswagen is stepping up its electric initiative and aligns its business even more consistently with digital. CEO Ralf Brandstätter made the announcement during a corporate strategy update. “In the coming years, we will change Volkswagen as never befo…

Tesla will be most profitable player in EV space, VW second, says UBS

Tesla (NASDAQ: TSLA) and Volkswagen are forecasted to be the most profitable players in the electric vehicle space for the next few years, according to UBS analysts headed by skeptic Patrick Hummel. UBS released a note to investors on Wednesday that indicated American electric car company Tesla and German automaker Volkswagen are sitting in the […]

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Volkswagen to introduce third shift in Zwickau plant

Volkswagen plans to introduce a third shift at its MEB plant in Zwickau from mid-April. This will enable around 1,400 vehicles to be built per day from the summer onwards. Currently production capacity stands around 800 electric cars. Volkswagen Saxony is also getting a new CEO. The third shift is to work in the second […]

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VW improves EV targets, while Artemis may be facing an early ending

VW has reportedly tightened its electrification targets. According to a media report, the share of electric vehicles in 2030 will be significantly higher than previously planned. To achieve this, development tasks will also be redistributed among the group’s brands – this likely also affects Audi’s Artemis project. The information on the tightened electric sales targets […]

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