f Management of Volkswagen AG has decided to stop the production of vehicles in Russia until further notice. This decision applies to the Russian production sites in Kaluga and Nizhny Novgorod. Vehicle exports to Russia will also be stopped with immediate effect. On March 15, Volkswagen CEO Herbert Diess stated in an annual conference that the company will be building additional capacities for wiring harnesses and shifting vehicle production to C...

OEM Plants  Updated at: 2025/06/06

day. VW also announced the start of the production of the MQ281 six-speed transmission at it Córdoba plant, which received USD 150 million for the new transmission, with 100% of the production destined for European assembly plants. On March 17 at Volkswagen’s Annual Media Conference, Dr. Herbert Diess noted, among many other things, direction that the company is taking in South America, with emotional models based on the MQB platform, such as ...

OEM Plants  Updated at: 2025/05/31

led to restart on April 13, and Camaçari will resume operations working in two shifts instead of three. In Argentina, production at the Pacheco plant will be halted from March 25, and operations are scheduled to restart on April 6. On March 17 at Volkswagen’s Annual Media Conference, Dr. Herbert Diess noted, among many other things, direction that the company is taking in South America, with emotional models based on the MQB platform, such as ...

OEM Plants  Updated at: 2025/05/21

the development of an all-new battery cell called "Unified Cell"* and has been promoting the introduction of BEVs on the assumption that BEV profitability will be equivalent to that of ICE vehicles. In August 2022, the company saw a shift from quantity to quality with the change of CEO from Herbert Diess to Oliver Blume, and at an investor briefing in June 2023, the company reviewed its platform strategy. PowerCo SE was established to develop bat...

Market & Tech Reports  Updated at: 2024/10/18

f the all-new battery cell called "Unified Cell"* and that BEV profitability will be on par with ICE vehicles. The plan to introduce five BEV models in 2022 and five models in 2023 has been moving forward. In August 2022, a shift from quantity to quality was seen with the replacement of CEO Herbert Diess by Oliver Blume. In June 2023, in a presentation to investors, the 14 brands were divided into 4 segments: "Core", "Progressive", "Luxury Sport"...

Market & Tech Reports  Updated at: 2023/11/01

nd software-related sales are predicted to reach EUR 1.2 trillion. It is a bold prediction that by 2030, a software market will be created that is more than half the size of the current automobile market. That's why VW predicts that the value of software in future cars will increase. Herbert Diess, former Chairman of the Board of Management Volkswagen AG, Germany, presenting the mid-term business strategy "NEW AUTO−Mobility for Generatio...

Market & Tech Reports  Updated at: 2023/08/10

solid-state battery is under development with QuantumScape Corporation of the U.S., and according to previous announcements, the company plans to start commercial production in 2024 and launch vehicles equipped with the battery from 2025.   In August 2022, it was announced that current CEO Herbert Diess would be replaced by Oliver Blume. This may lead to a rethinking of VW's rapid electrification strategy to date.   Stellantis   The company, w...

Market & Tech Reports  Updated at: 2022/11/11

ossible IPO.Oliver Blume joined the Volkswagen Group in 1994 and, since then, has held management positions for the brands AUDI, SEAT, Volkswagen, and Porsche. He has been the Chairman of the Board of Management at Porsche since 2015 and a member of the Group Board of Management since 2018. Herbert Diess will at the same time resign as Chairman of the Board of Management by mutual agreement. (Volkswagen Group press release)...

News  Updated at: 2022/07/25

VW appoints Scott Keogh to head newly-established Scout subsidiary On July 19, Herbert Diess, CEO of Volkswagen Group announced that Scott Keogh, President and CEO of Volkswagen Group of America, has been appointed President and CEO of Scout, an independent company that is being established in the U.S. Pablo Di Si, Executive Chairman of Volkswagen South American Region, will assume leadership of Volkswagen Group of America, and CEO of Volkswagen ...

News  Updated at: 2022/07/20

VW CEO believes Tesla is weakened by ramping up 3 Gigafactories simultaneously On June 28, Volkswagen CEO Herbert Diess said he believes that Tesla’s decision to ramp up 3 Gigafactories simultaneously will weaken the automaker and help VW catch up in the EV race.Diess made the comments at a meeting addressing supply-chain impacts on Volkswagen production goals, noting that Tesla's supply-chain struggles could pave the way for Volkswagen to ove...

News  Updated at: 2022/07/01

announced on March 4 that its joint venture plant with Stellantis in Russia's Kaluga province is expected to cease operations. Exports of finished vehicles to Russia and Ukraine and shipments of parts to the Russian plant have already been halted. VW Group VW On March 15, Volkswagen CEO Herbert Diess stated in an annual conference that the company will be building additional capacities for wiring harnesses and shifting vehicle production to C...

Market & Tech Reports  Updated at: 2022/05/06

on (USD 1.05) billion commitment with Qualcomm for its system-on-chip technology for automated driving.VW will use the Qualcomm chips across its group brands, starting in 2026. The contract, valued at around EUR 1 billion (USD 1.05), would run through 2031, according to reports.VW Group CEO Herbert Diess had traveled to Qualcomm's headquarters in San Diego in mid-April, where the companies agreed to the conditions of the deal.The Qualcomm deal is...

News  Updated at: 2022/05/03

VW shifting production to China and the Americas amid Russia-Ukraine war On March 15, Volkswagen CEO Herbert Diess stated in an annual conference that the company will be building additional capacities for wiring harnesses and shifting vehicle production to China and the Americas due to the ongoing Russia-Ukraine conflict.In a question-and-answer session, Diess said that the company is shifting about 50,000 to 100,000 units to Latin American and ...

News  Updated at: 2022/03/16

forms. Amnon seemed to allude that environment to EyeQ 6 High or EyeQ Ultra, although its EyeQ5-based past open platform has seen limited adoptions by OEMs (BMW and Nio) so far. Jim Farley even said, “we are betting on Mobileye for our future.”   In a pre-recorded video, Volkswagen CEO Herbert Diess discussed how their relationship with Mobileye started in 2016 and REM swarm data collection. Volkswagen Travel Assist 2.5 (available on ID4) wi...

Market & Tech Reports  Updated at: 2022/01/28

Volkswagen meet officials of Government of Czech Republic On October 11, Škoda Auto announced that the top management of VW Group met the Government of Czech Republic and signed MoU. Skoda and CEZ Group will establish several thousand charging points in the country by 2025. Herbert Diess, Chairman of the Board of Management at Volkswagen AG, had a meeting with Karel Havlíček, Czech Deputy Prime Minister and Minister for Industry, Trade and Tra...

News  Updated at: 2021/10/13

rry Vanlancker (AkzoNobel), Francesco Starace (ENEL), Leonhard Birnbaum (E.ON), Börje Ekholm (Ericsson), Henrik Henriksson (H2GreenSteel), Ignacio Galán (Iberdrola), Frans van Houten (Philips), Christian Klein (SAP), Christian Levin (Scania), Jean-Pascale Tricoire (Schneider Electric) and Herbert Diess (Volkswagen). McKinsey & Company is serving as a knowledge contributor for the CEO Alliance and is providing additional research and data.(Volks...

News  Updated at: 2021/07/08

aking Indonesia 4.0" to revitalize manufacturing.   The Messe was politically supported by the German Federal Chancellor Dr. Angela Merkel and the Federal Minister for Economic Affairs and Energy, Peter Altmaier, as well as the President of the guest country Indonesia, Joko Widodo. VW-boss Herbert Diess, the new Siemens-boss Roland Busch, BDI-president Siegfried Russwurm and IT-safety expert Eugene Kaspersky attended the Messe as industry repres...

Market & Tech Reports  Updated at: 2021/05/20

rmation is something that is commonly kept proprietary or as the company’s secret sauce.   Recently, Nokia, the former phone market share #1 company, whose demise was mainly attributed to Apple iPhone’s success, was revisited by several industry veterans. Volkswagen’s Chief Executive Herbert Diess said the German carmaker needs to accelerate its transformation to avoid becoming another Nokia.   In an article titled “What Nokia Teaches U...

Market & Tech Reports  Updated at: 2020/11/13

power generation. In the long run, Astypalea will become a model island for climate-neutral mobility. A memorandum of understanding to this effect was signed in Wolfsburg and Athen by Konstantinos Fragogiannis, Deputy Minister of Foreign Affairs for Economic Diplomacy and Openness, and Dr. Herbert Diess, CEO of the Volkswagen Group. New mobility services such as vehicle sharing or ridesharing will help reduce and optimize traffic. Energy will be...

News  Updated at: 2020/11/04

European CEO Alliance emphasizes cross-industry collaboration to fight climate change On October 2, Volkswagen announced that Dr. Herbert Diess, Chairman of the Board of Management of Volkswagen AG, and CEOs from 11 other European companies joined forces for a zero-carbon future and a more resilient Europe. The European Union is committed to net zero emissions by 2050, which is in line with the CEO Alliance companies’ own decarbonization strate...

News  Updated at: 2020/10/05