Volkswagen CEO Herbert Diess stepping down
Volkswagen chief executive Herbert Diess is set to resign from his post at the brand, with a replacement confirmed over the weekend. Diess will be replaced by Porsche CEO Oliver Blume on September 1.
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Volkswagen acquires majority stake in Europcar
German car manufacturer Volkswagen Group has acquired a majority stake in rental car company Europcar. The brand has led a consortium of companies in a move that has seen the consortium take over 93.6% of Europcar’s shares, with Volkswagen owning 67% of them by itself.
Volkswagen to up prices of popular models on June 1
Volkswagen Australia has confirmed it would be increasing the prices of several key models in its line-up on June 1, with some increasing by as much as $3600.
German car manufacturers pause production amid Ukraine supply shortage
According to Reuters, BMW, Volkswagen, and Porsche have suspended several production lines in Europe due to a wiring harness shortage. Each manufacturer imports a percentage of their wiring harness supply from Western Ukraine, via companies like Leoni and Nexans.
VW ID. Buzz launches March 9
The electric ID. Buzz five-seater and ID. Buzz Cargo three-seat van have their world premiere on March 9 with Volkswagen Commercial Vehicles doing final prototype trials.
Volkswagen Dieselgate stock manipulation charges laid
Volkswagen chief executive Herbet Diess and chairman Hans Dieter Poetsch have been charged with market manipulation by Germany prosecutors in Brunswick. They're charged with intentionally failing to inform investors about the financial impacts Volkswagen's "Dieselgate" emission cheating saga would have on the company's stock.
