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The Latest Breaking News from Oliver Blume

VW To Invest $5 Bn In EV Maker Rivian, Establishing Joint Venture

German auto giant Volkswagen will invest $5 billion in US electric vehicle maker Rivian and create a joint venture expected to produce technology used by both automakers, the companies announced Tuesday.

International Business Times

Tesla Paid Executives More Than it Paid Taxes for Years: Report

Today on Critical Materials: Tesla has reportedly paid no federal income tax in years, GM's VP of software is departing, and VW dabbles in an entry-level EV.

InsideEVs

Volkswagen 2023 Profits Rise, But Warns On Slow Sales Growth

German auto giant Volkswagen on Wednesday reported a forecast-beating rise in profits for 2023 as vehicle deliveries rebounded but warned of slower sales growth this year, sending its shares down.

International Business Times

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Volkswagen Group Reaffirms Internal Combustion Will Be 'Phased Out' Eventually

The Volkswagen Group says that "e-mobility [is] the future of the automotive industry," but has to stay flexible during the transition.

InsideEVs

Forget the Apple Car – Porsche has been using the Apple Vision Pro with its record-breaking new Taycan

The Apple Vision Pro made a surprise appearance at the launch of the new Porsche Taycan, along with Tim Cook, touting a promising partnership.

TechRadar

Porsche 'Overwhelmed' By Orders For Electric Macan: CEO

The new, all-electric Porsche Macan is poised to kick off one of Porsche's biggest years yet.

InsideEVs

Volkswagen Cuts EV Prices In Europe In Hopes Of Selling More Cars

The German automaker also revised the trim levels of its EVs so that their buyers can benefit from local incentives. But is it enough to regain sales momentum?

InsideEVs

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Volkswagen's Sub-$22,000 EV Could Come After 2025: CEO

Volkswagen wants to bring a low-cost EV to market after 2025, but Renault is beating the German company to the punch.

InsideEVs

VW scores top electric-vehicle deal with this renowned location

The German automaker strikes a deal with the city-state in the center of the room, as the pope warns the world 'may be nearing the breaking point.'

The Street

VW Group Delays EV Battery Plant In Europe Amid "Sluggish" EV Demand

Volkswagen Group has decided to postpone a decision on its fourth battery cell plant, which was expected to be located in Europe, likely in the Czech Republic.

InsideEVs

VW Said To End ID.3 Production At Dresden's Transparent Factory

The Volkswagen ID.3 will continue to be built at the Zwickau plant and will also start production at the Wolfsburg factory this fall.

InsideEVs

Inside the Porsche Mission X: A Vision of Our EV Hypercar Future

Porsche's Mission X electric hypercar concept feels like the dawning of a new era in high-powered EVs.

Inverse

Gernot Dollner Becomes New Audi CEO, Replaces Markus Duesmann

The change takes effect on September 1.

Motor1

Porsche Flagship EV Will Have All-New Interior And Automated Driving Functions

Company CEO says the new large SUV will deliver impressive performance.

Motor1

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Motor1

Porsche CEO Camped In $7,000 Roof Tent On Top Of 911 Turbo S At Le Mans

Porsche introduced its own rooftop tent last year.

Motor1

VW Group CEO Admits Audi Lags Behind Rivals, Software Issues To Blame

The automaker wants to speed up EV development.

InsideEVs

VW Annual Meeting No Piece Of Cake, Execs Take Heat Over China, EV Pace

VW Group was criticized over the alleged use of forced labor in China, as well as the slow EV transition and market share loss in China to BYD and Tesla.

InsideEVs

VW To Fire Cariad Top Executives After Software Development Mess: Report

Cariad was responsible for the multiple glitches encountered on the first units of Volkswagen’s EVs, including the ID.3, ID.4, and ID.5.

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Businessweek

Volkswagen Left Behind as China Goes All In on EVs

The push for battery power is leveling the playing field for foreign and domestic manufacturers.

InsideEVs

VW Brand Boss: E-Fuels Are “Unnecessary Noise,” Combustion Will Be Over By 2035

Porsche is one of the biggest players in the development of e-fuels, but Volkswagen's boss seems to disagree.

InsideEVs

Volkswagen To Become Global EV Battery Supplier, Invest In Mining

Interestingly, just last week VW Group's new CEO Oliver Blume noted that its EV partnership with Ford is "intensifying," and now we have more details about how.

InsideEVs

EVs And ICE Vehicles On E-Fuels Need To Coexist, But Not Compete With Each Other: VW Group CEO

VW Group’s chairman says that there are markets outside the European Union where switching to all-electric cars in a short time would be problematic.

Fortune

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.

InsideEVs

Volkswagen CEO Says EV Partnership With Ford Is "Intensifying"

Both Ford and Volkswagen aim to eventually overtake Tesla as leaders in the EV space, and combining forces could be the ticket to accelerating such efforts.

Motor1

Volkswagen Group CEO Says Partnership With Ford Is Growing

Ford's VW-based electric crossover for Europe debuts on March 21.

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