“Love the VW K70 – because it opens up a new VW era”this was the advertising slogan used for the launch of the Volkswagen K 70 50 years ago. With a water-cooled front engine, front-wheel drive and modern styling, the mid-sized sedan actually did usher in a new era at Volkswagen.
TRATON SE ("TRATON") and the US-American truck manufacturer Navistar International Corporation ("Navistar"), in which TRATON already holds a stake of 16.8 %, have today reached agreement in principle that TRATON will acquire by merger all shares in Navistar not already held by TRATON, at a price of USD 44.50 per Navistar share.
The Volkswagen Passenger Cars and Volkswagen Commercial Vehicles brands are working flat out on the transformation to the e-mobility era and the conversion of plants to e-mobility. The Volkswagen brand has now ordered more than 1,400 robots from Japanese manufacturer FANUC for its production facilities at Chattanooga (USA) and Emden. Volkswagen Commercial Vehicles has ordered a further 800 robots for its Hanover plant from ABB of Switzerland. The robots are to be mainly used for body production and battery assembly. The three plants are currently being prepared for the production of electric cars using highly advanced facilities. From 2022, the ID.4 is to be produced at Chattanooga (USA) and Emden, while the model known under the show car name of ID. BUZZ is to roll off the production line at Hanover.
The new Golf Mk8 is picking up even more speed. Following on from the GTI, GTE and GTD, Volkswagen is now presenting the next highlight from its sporty family of Golf models: the new Golf GTI Clubsport. This vehicle marks the next chapter in the brand’s tradition of high-performance GTIs: the first Golf GTI Clubsport was launched in 2016 on the 40th anniversary of the iconic sports car. It is now followed by the new Golf GTI Clubsport, a modern compact sports car that not only impresses due to its high engine power but also thanks to a new high in driving dynamics.
Volkswagen is ramping up its hybrid offensive. The Touareg is now also available to order in two different plug-in hybrid versions. Both variants are characterised by an electric range of up to 47 kilometres (WLTP) and low average consumptions. The SUV range with electric motor and petrol engine starts with the new Touareg eHybrid with system power of 280 kW (381 PS)1). This version is designed for a high level of travel comfort and can be configured in the two equipment lines Atmosphere and Elegance. Price in Germany: from 72,378 euros. Those who prefer a much sportier setup and sporty equipment to match will choose the Touareg R3. With system power of 340 kW (462 PS), it is the most powerful model in the product line and of the brand. The Touareg R is available in Germany from 84,660 euros.
From a German perspective, what is the best car in 2021? To find this out, 18 respected motoring journalists from across Germany meet once a year in Bad Dürkheim, a town in the German state of Rhineland-Palatinate. This year, the German Car of the Year jury voted in favour of Volkswagen in not one, but two categories: the Golf Mk 8 and the fully electric ID.3 each secured the title in their respective classes.
Yesterday, 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 strategies. All members support the Paris 2050 goals, the EU Green Deal and the ambition to raise EU climate targets. They represent different industries, generate a combined €600 billion in annual revenues and employ 1.7 million people. The CEO Alliance channels their decarbonization efforts: it connects sectors and strategies, identifies potential for collaboration, and fosters projects and investments for a sustainable economy and society.
The Annual General Meeting of Volkswagen Aktiengesellschaft took place today online for the first time due to the Covid-19 pandemic. The shareholders voted by a majority of 99.98 percent to approve the recommendation of the Board of Management and the Supervisory Board to pay the same dividend as last year of 4.80 EUR per ordinary share and 4.86 EUR per preferred share for fiscal year 2019. As in 2018, approximately 2.4 billion EUR will therefore be distributed to the shareholders. The resolution on the formal approval of the members of the Board of Management and the Supervisory Board who held office in 2019 was passed by 94.33 percent of the shareholders represented at the Annual General Meeting.
The Volkswagen Group today confirmed its outlook for 2020 and underscored the planned future investments despite the COVID-19 pandemic. “In both 2019 and 2020, we took significant steps towards becoming a leading provider of electric, digital mobility, achieving important milestones”, Group CEO Herbert Diess said at the virtual Annual General Meeting of Volkswagen Aktiengesellschaft. “The transformation of the Group is not being held back by corona, but accelerated by it.” The Group plans to invest €33 billion in e-mobility by 2024 and aims to become the market leader in battery-electric vehicles. A further important success factor is the new VW.OS operating system that is being developed by Car.Software.Org and will be used for the first time in Audi’s Artemis project. €14 billion alone will be invested in building IT expertise and in autonomous driving by 2024. “The fact that the car will develop into a fully networked mobility device in the next ten years will be much more far-reaching than the transformation of propulsion”, Diess said. Volkswagen expects the upward trend to continue for the remainder of the year and confirmed the outlook for a positive operating result for 2020.
Advance sales of the new Golf Variant have recently begun – the car is being built at the Wolfsburg plant. The complete Golf family is now rolling off the production line at Volkswagen’s headquarters. Some employees see an old friend again.
Experts agree: the transport of the future must be networked. In an interview, Meike Niedbal, Head of Smart City at Deutsche Bahn, talks about the interaction of rail, car and e-scooters. She also explains why railway stations are gaining importance as co-working spaces.
The specified fuel consumption and emission data have been determined according to the measurement procedures prescribed by law. Since 1st September 2017, certain new vehicles are already being type-approved according to the Worldwide Harmonized Light Vehicles Test Procedure (WLTP), a more realistic test procedure for measuring fuel consumption and CO2 emissions. Starting on September 1st 2018, the New European Driving Cycle (NEDC) will be replaced by the WLTP in stages. Owing to the more realistic test conditions, the fuel consumption and CO2 emissions measured according to the WLTP will, in many cases, be higher than those measured according to the NEDC. For further information on the differences between the WLTP and NEDC, please visit www.volkswagen.de/wltp.
We are currently still required by law to state the NEDC figures. In the case of new vehicles which have been type-approved according to the WLTP, the NEDC figures are derived from the WLTP data. It is possible to specify the WLTP figures voluntarily in addition until such time as this is required by law. In cases where the NEDC figures are specified as value ranges, these do not refer to a particular individual vehicle and do not constitute part of the sales offering. They are intended exclusively as a means of comparison between different vehicle types. Additional equipment and accessories (e.g. add-on parts, different tyre formats, etc.) may change the relevant vehicle parameters, such as weight, rolling resistance and aerodynamics, and, in conjunction with weather and traffic conditions and individual driving style, may affect fuel consumption, electrical power consumption, CO2 emissions and the performance figures for the vehicle.
Further information on official fuel consumption figures and the official specific CO2 emissions of new passenger cars can be found in the “Guide on the fuel economy, CO2 emissions and power consumption of new passenger car models”, which is available free of charge at all sales dealerships and from DAT Deutsche Automobil Treuhand GmbH, Hellmuth-Hirth-Str. 1, D-73760 Ostfildern, Germany and at www.dat.de.