Volkswagen Financial News

Given strong economic fundamentals, India's sovereign rating should be much higher than what it is, although more needs to be done to convert the burgeoning global interest in the country into actual investment, Kaushik Shaparia, CEO of Deutsche Bank Group, India, told Bhaskar Dutta and MC Govardhana Rangan in an interview. Edited excerpts:Fund flows seem to be favouring India, valuations notwithstanding. What is happening in the economy or the financial markets to have drawn so much attention? I am of the view that India should not rest on its laurels.

SUV, requiring a token payment of ₹25,000. The pricing for the new Citroen C3 Aircross has been revealed, with the starting price set at ₹9.99 lakh (ex-showroom, India). Deliveries for this model are scheduled to commence on October 15, 2023.

Volkswagen AG is cutting temporary workers at its main electric-vehicle factory in Germany after the phaseout of a subsidy in the country caused demand for its EVs to drop.

(Reuters) — Volkswagen (ETR:VOWG_p) is cutting back planned staffing at its all-electric plant in Zwickau, Germany and adjusting shift work due to «market conditions», a spokesperson said on Tuesday.

Nissan, are collecting and sharing deeply personal data, such as sexual activity and health information. The study found privacy and security flaws in car brands from the U.S., Germany, Japan, France, and South Korea. According to Mozilla, they conducted tests on 25 major car manufacturers, and all of them did not meet privacy standards.

BERLIN (Reuters) -Volkswagen is looking at reducing staff at its plant in the eastern German city of Zwickau due to low demand for electric cars, the dpa news agency reported on Wednesday. .

U.S. equity futures traded little changed as traders awaited inflation data for clues on whether policy makers will keep rates higher for longer.

“International" car shows have a more national flavor these days, but that doesn’t mean the format is dying. The North American International Auto Show launches this week in Detroit, hot on the heels of IAA Mobility in Germany last week. These were traditionally among the “big five" global car shows alongside those in Paris, Geneva and Tokyo, before the pandemic broke a tradition already under strain.

Construction work has been temporarily stopped on a $2 billion new electric vehicle plant in South Carolina being built by a Volkswagen Group-backed group trying to revive a brand that was a 1960s forerunner to today’s SUVs

(Reuters) — Founders behind defunct self-driving startup backed by Ford (NYSE:F) and Volkswagen (ETR:VOWG_p) launched a new autonomous trucking firm, Stack AV, on Thursday with investment from Japan's SoftBank (TYO:9984) Group.

MUNICH (Reuters) -China's industrial policy adviser and 'father of EVs' Wan Gang said efficient batteries, better EV architectures and intelligent driving systems were key to scaling up EVs, calling for international collaboration on research and standards.

MUNICH (Reuters) — German carmakers are determined to tackle the problems they face in producing competitive electric vehicles, an executive at Chinese EV maker Xpeng (NYSE:XPEV) said on Wednesday, as China's carmakers put pressure on European rivals in the race to electrify.

By Matt Tracy and Davide Barbuscia

Volkswagen (VW) Group will adopt a phased approach to localisation of its battery electric vehicles (BEVs) in India and will await a strong business case before committing to offering affordable, 'Made in India' EVs, chairman of board of management of Volkswagen Group, Oliver Blume, told ET. This is even as the world's second largest automaker by volume, which sells the Skoda, Volkswagen, Audi, Lamborghini and Porsche brands in India, is a lot more confident of the Indian market now owing to the fast-paced growth it has seen in the country in the recent past that has made it the third largest car market globally. Blume was speaking on the sidelines of the Volkswagen Group's annual press meet in Munich. «We have a ramp-up curve for electric mobility, which includes bringing the right products and right positioning, especially for the Indian market, where you also need to address the lower segments.

WASHINGTON (Reuters) — U.S. auto safety regulators said Tuesday that 52 million air bag inflators produced by auto suppliers ARC Automotive and Delphi are unsafe and need to be recalled because they may rupture.

By Matt Tracy

China’s electric-vehicle champion BYD has sped ahead in its home market despite a bruising price war. Now it will try to export its way to even greater success. The Warren Buffett-backed Chinese automaker sold 1.8 million new-energy vehicles, including plug-in hybrids, in the first eight months of the year—an 83% rise from a year earlier.

By Jan Schwartz

By Jan Schwartz

Traditional car manufacturers including Volkswagen, Honda, Renault and Volvo are forecast to lose more than 20 per cent of their market share by 2030 because Chinese EV specialists such as BYD are making vehicles that are already 25 per cent cheaper.

RBI. The bank has done all it needed to at its end in succession.