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Aly - 1 Yale Zhang - 1 Ralf Brandstatter - 1 We've - 1 Mary Barra - 1 Tu Le - 1 Yang Honghai - 1 Kia - 1
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Audi - 2 Volkswagen - 2 Thomson - 2 Auto - 1 REUTERS - 1 General Motors - 1 Toyota - 1 China Association of Automobile Manufacturers - 1

Search resuls for: "Volkswagen's Audi"


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☆ Global automakers scramble to reset China strategies as sales slow
  + stars: | 2023-07-27 | by ( ) www.reuters.com   time to read: +6 min
Global automakers, who for years have dominated the market along with their Chinese state-run partners, have been slow to pivot to the fast-growing market for EVs with competitive offerings. "This major collaboration between Volkswagen and Xpeng is a milestone for our electrification strategy 'in China for China'," said Ralf Brandstatter, a VW board member on his social media account. Their deeper pockets give established foreign automakers who are determined to fight for share in China, the ability to play a long game. Kia (000270.KS) is to enter China's EV market with its first EV, the EV6 crossover, via imports in August. "The German brands benefit from significant global scale," said He Lei, CEO of Chinese EV trading platform xChuxing.
Persons: Aly, Yale Zhang, Ralf Brandstatter, We've, Mary Barra, Tu Le, Yang Honghai, Kia, Mercedes Benz, Volkswagen's Audi, Lei, It's, Bill Russo, Automobility, Zhang Yan, Brenda Goh, Kevin Krolicki Organizations: Audi, Volkswagen, Auto, REUTERS, General Motors, Toyota, China Association of Automobile Manufacturers, Global, BMW, Mitsubishi, Automotive Foresight, GM, Reuters Graphics Volkswagen, BYD, China's Xpeng, HK, SAIC, VW, Buick, Chevrolet, Cadillac, CHINA EV INC, Tesla, China EV Inc, Volkswagen's, EV, Mitsubishi Motors, Nissan, Ford, Renault, Thomson Locations: Auto Shanghai, Shanghai, China, SHANGHAI, CHINA, Kia China, KS
☆ Volkswagen's Audi to replace CEO Duesmann with Gernot Doellner
  + stars: | 2023-06-29 | by ( ) www.reuters.com   time to read: 1 min
Companies Volkswagen AG FollowFRANKFURT, June 29 (Reuters) - Volkswagen's (VOWG_p.DE) Audi division will replace current CEO Markus Duesmann on Sept. 1, with Volkswagen strategy chief Gernot Doellner to take over, the carmaker said on Thursday. Reporting by Christina Amann; Writing by Christoph Steitz; Editing by Tom SimsOur Standards: The Thomson Reuters Trust Principles.
Persons: Markus Duesmann, Gernot Doellner, Christina Amann, Christoph Steitz, Tom Sims Organizations: Volkswagen, FRANKFURT, Audi, Thomson
☆ Former Audi Chief to Plead Guilty in Emissions Scandal
  + stars: | 2023-05-03 | by ( Jack Ewing | Melissa Eddy | ) www.nytimes.com   time to read: +1 min
Rupert Stadler, the former chief executive of the automaker Volkswagen's Audi division, has agreed to plead guilty to charges in Germany related a vast emissions cheating scandal, becoming the highest-ranking executive to be convicted in the case, which changed the direction of the car industry. Mr. Stadler, 60, who was also a member of Volkswagen’s management board, was accused of allowing diesel cars made by Audi to remain on sale even after the parent company admitted in 2015 that millions of its vehicles were equipped with software designed to mask excess emissions. The scandal cost Volkswagen tens of billions of dollars in fines, legal settlements and lawyers’ fees and had a lasting impact on the auto industry. It inspired European lawmakers to impose much tighter limits on auto emissions, accelerating a transition from internal combustion engines to electric cars. Volkswagen became one of the first big German automakers to invest heavily in battery power, which executives saw as a way to restore the company’s tarnished reputation.
☆ Mexico makes lots of electric cars, but few Mexicans drive them
  + stars: | 2023-03-21 | by ( Aida Pelaez-Fernandez | ) www.reuters.com   time to read: +5 min
General Motors Co, Ford Motor Co, BMW and Volkswagen's Audi unit also are producing EVs in Mexico, or plan to. "There are still a number of issues that need resolving in Mexico before there's a massive influx of electric cars," said Mario Hernandez, KPMG's lead manufacturing partner in Mexico. Hernandez said drawbacks included a lack of subsidies for buyers, high costs for installing charging devices at homes and a shortage of public charging stations, vital for longer journeys. Mexico has about 1,100 charging stations nationwide, mostly in the capital and other major cities, according to AMIA. Pedro Corral, director of operations for EV charging stations platform Evergo, drives his all-electric i3 BMW around Mexico City.
☆ Volkswagen to take 60% stake in tech joint venture with China's Horizon Robotics
  + stars: | 2022-10-13 | by ( ) www.reuters.com   time to read: +1 min
BERLIN, Oct 13 (Reuters) - Volkswagen (VOWG_p.DE) will invest 2.4 billion euros ($2.33 billion) and take a 60% stake in a new joint venture with Chinese technology company Horizon Robotics for autonomous driving software and hardware, the carmaker said on Thursday. The companies will work together to develop technology that can integrate numerous functions for autonomous driving onto a single chip, the statement said. Horizon Robotics, founded in 2015, supplies customers including Volkswagen's Audi, Continental (CONG.DE), Li Auto and SAIC, according to its website. The carmaker, which makes around 40% of sales and half of profits in the country, holds a 75% stake in a joint venture with JAC <600418.SS<, a 50% stake with SAIC (600104.SS) and 40% with FAW [RIC:RIC:SASACJ.UL]. ($1 = 1.0290 euros)Register now for FREE unlimited access to Reuters.com RegisterReporting by Victoria Waldersee Editing by Madeline ChambersOur Standards: The Thomson Reuters Trust Principles.
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