Ford CEO Jim Hackett says the automaker is open to investment by automakers and others in its autonomous vehicle business, but cautioned that expanding partnerships with German automaker Volkswagen AG is a "delicate dance."
How do you explain VW's struggles in the United States, where the brand once reigned as import champion? New CEO Herbert Diess says the German company was out of touch with the U.S. market. Handing authority to Long Island native and former Audi U.S. boss Scott Keogh will mark a big step toward a comeback.
VW CEO Herbert Diess, in a recent interview with Automotive News, said the company was "not very agressive in listening" to the aggressive advances of FCA, which was interested in a possible consolidation.
Herbert Diess has been CEO of Volkswagen Group only since April, yet the 60-year-old former BMW executive now heading one of the world's largest automakers has a clear vision of where he wants to lead his company.
CEO Herbert Diess says that, thanks in part to a global strategy shift to electric vehicles and efforts to clean up its own house after spending more than $30 billion to make things right, VW has put "most" of the diesel scandal in the past.
Volkswagen and Daimler have agreed to spend up to 3,000 euros ($3,430) per vehicle to offer hardware retrofits to clean up older diesel vehicles at their own cost, but rival BMW still refuses to do so, Germany's transport minister said.
The two automakers are nearing a framework agreement to join forces on electric and self-driving vehicles — capital-intensive areas that are reshaping the auto industry and straining carmakers' finances across the globe — people familiar with the discussions told Bloomberg.
Volkswagen and an independent monitoring team still have "a lot of work to do" before the company's compliance procedures can be certified after a $27 billion global emissions cheating scandal, an independent auditor said.
Volkswagen plans to add a subcompact crossover priced at about $21,000 to its all-electric I.D. family of vehicles, expanding its lineup of zero-emissions vehicles that are more affordable than those of Tesla, Bloomberg reported, citing people familiar with the matter.