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The Latest Breaking News from Herbert Diess

Porsche crisis renews calls for part-time CEO Oliver Blume to relinquish dual role at VW

Soaring costs, declining vehicle sales and problems in China are raising pressure on Oliver Blume to cede one of his two CEO jobs.

Fortune

VW slams production into reverse as industry faces battles on all sides

Plan to cut German factories is politically fraught but makes sense economically given Chinese competition, falling demand and CO2 rules

The Guardian - UK

Inside Volkswagen’s $130 billion EV battle

The world's largest automaker was late to the EV race. Now it's spending billions to catch up to Tesla and Chinese brands.

Fortune

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No more red carpet for Musk as VW breaks with Tesla entrepreneur

Oliver Blume's predecessor Herbert Diess angered labor unions with his constant adulation of Tesla.

Fortune

How Volkswagen Transitioned From Climate Cheater To EV Leader

Rather than completely ruining the global automotive group, VW's storied "Dieselgate" scandal led to the company being considered a clean vehicle leader.

InsideEVs

Volkswagen delays key EV project as Tesla challenge stumbles

Volkswagen AG’s ambitious push to supplant Tesla Inc. as the global electric-vehicle leader is running into trouble.

Tribune News Service

Musk has picked a successor as Tesla CEO: Here are the top candidates for the job

Tesla director James Murdoch revealed to a judge that Musk has recently made a decision as to who should one day replace him at the helm of the $600 billion electric vehicle manufacturer.

Fortune

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Volkswagen and Porsche Take a Huge Risk With a Big Bet

VW and Porsche are determined to very quickly catch up with Tesla on electric vehicles.

The Street

Volkswagen shifts gear with Oliver Blume taking wheel

FRANKFURT: Volkswagen on Thursday hands over the reins to new CEO Oliver Blume, tasked with steering the German automotive giant through challenging economic conditions after four turbulent years under his predecessor, Herbert Diess.

Bangkok Post

First details of Porsche’s F1 buy-in of Red Bull revealed

The first details of Porsche’s planned 50% buy-in of the Red Bull Formula 1 team have been revealed in legal documents, ahead of a potential announcement next month.

Autosport

Volkswagen Group Fired Diess Because Of Software Unit Fiasco

The Porsche and Piëch families that control Volkswagen Group plotted Herbert Diess's ouster while he was on a US trip last week, Bloomberg reports.

InsideEVs

Musk Says One Thing Is Central to the Future of the Car

Tesla's CEO, who has pushed the auto industry to go electric, weighs in on a particular factor that will be critical to the industry's future.

The Street

Stocks Higher, Week Ahead, Boeing, Volkswagen and Monkeypox - Five Things To Know

Stock futures higher as Fed decision looms; Week Ahead: earnings, fed, GDP and inflation data; Boeing edges lower following St. Louis strike vote; Volkswagen slides on first day trading following CEO Diess ouster and WHO declares global health emergency over monkeypox outbreak.

The Street

‘Ruffling feathers’: How Volkswagen fell out of love with Herbert Diess

World’s second-largest carmaker sacked chief executive on Friday after bruising four-year tenure

Financial Times

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Benzinga

Tesla's Relief Rally, Volkswagen's Diess Springs In Surprise, Lucid Beefs Up Management Team, Faraday Future Stalls And More: Week's Biggest EV Stories

Electric vehicle stocks closed mostly higher in the week ending July 22, thanks to a strong earnings report from market leader Tesla, Inc. (NASDAQ: TSLA). Some stocks reacted to company-specific developments, while shares of Chinese EV makers, closed uniformly lower.

Motor1

Volkswagen Explains Decision Behind Scout Nameplate Revival

The video comes with a visit from a classic Scout II at the Autostadt.

The Independent UK

Volkswagen CEO will step down by Sept. 1

Volkswagen has announced that the CEO of the German automaker is stepping down

Motor1

Volkswagen Group Names Porsche CEO Oliver Blume As New Boss

He takes over for Herbert Diess on September 1.

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news in one place.

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Axios

Scoop: VW turns to electric Scout brand to win back Americans

VW is creating a spinoff U.S.-based EV company

The Street

Tesla Facing Growing Competition From a Big Player

A major automaker may be able to overtake Tesla's EV sales by 2024, a recent report says.

The Street

Volkswagen Takes on Tesla and Chinese Rivals BYD, NIO

The German automaker seeks to attract Chinese consumers.

Benzinga

Here's Why Volkswagen CEO Thinks Tesla Is Weakening Itself Right Now

The battle for dominance in the electric vehicle market is heating up and Volkswagen AG (OTC: VWAGY) believes it can pass Tesla Inc (NASDAQ: TSLA) in the coming years.

InsideEVs

Volkswagen Boss Herbert Diess: New Plants Will Drain Tesla's Strength

Herbert Diess said that Tesla's issues at the Giga Berlinand Giga Austin plants, plus expansion of Giga Shanghai, will drain strength out of Tesla.

Bangkok Post

Luxury Car Makers Drive Formula One to Survive

Formula One motor racing might be just the kind of noisy marketing tool luxury car makers need in the hush of the electric era.

The Street

Volkswagen Is Coming for Tesla's Throne

Volkswagen is slated to debut the pre-production concept of its ID. AERO electric limousine.

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