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The Latest Breaking News from Oliver Blume

Volkswagen Group Will Spend $200 Billion To Boost Its EV Business

Compared to its last annual update, the VW will increase spending by 13 percent, with the biggest lump going towards EVs and software development.

InsideEVs

Buyers Of New Porsche Taycan EVs Face Wait Times Of 6 To 9 Months

Porsche CFO Lutz Metschke said the company has "very strong" order bank and order intake at the moment, but it has to manage the supply chain shortages.

InsideEVs

Porsche "K1" Electric SUV Confirmed As SSP Sport-Based Flagship

Porsche CEO said the new car concept has "a characteristic Porsche flyline, impressive performance, automated driving functions and a new interior experience."

InsideEVs

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U.S. loses out to Canada for VW’s billion-dollar battery factory site

In a bid to narrow the wide gap with industry leader Tesla, Volkswagen is investing heavily into its battery-cell production around the world.

Fortune

Porsche Cayenne Electric Officially Announced, Coming After 2025

The fourth-gen SUV will arrive after the electric Macan and 718 sports car.

Motor1

Volkswagen Develops Revamped Plan For EV Production And Software

Volkswagen was expected to be one of the first global brands to top Tesla on EVs, but there's been some shifting going on. Now, it has a new five-year plan.

InsideEVs

Porsche Big Electric SUV To Cost Three Times More Than A Cayenne: Report

The seven-seat sport utility vehicle is said to have off-road chops.

Motor1

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Volkswagen Group CEO: No Plan To Cut Prices To Follow Tesla

Tesla raised its prices often last year, and some brands followed suit. The US EV maker is now reducing its prices significantly, and VW Group won't match.

InsideEVs

Porsche Boss Says "Very Sporty Hybrid" 911 Is Coming

Owners won't have to plug it in.

Motor1

Porsche Planning Additional 911 Off-Road Variants If Dakar A Success

There’s plenty of room for more high-riding 911s in Porsche’s portfolio.

Motor1

How Volkswagen Transitioned From Climate Cheater To EV Leader

Rather than completely ruining the global automotive group, VW's storied "Dieselgate" scandal led to the company being considered a clean vehicle leader.

InsideEVs

VW Group Plans Quality Offensive, Fresh Designs, Golf And Tiguan EVs

The newly appointed chairman plans to overhaul the conglomerate.

Motor1

Germany’s Unlearned Lessons

Berlin must reduce its dependence not just on Russia but on China, too.

Foreign Affairs

Porsche Confirms New Hypercar Will Be Launched… Eventually

The 918 Spyder will get a successor but not in the foreseeable future.

Motor1

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InsideEVs

Volkswagen Revises EV Strategy, Delays But Extends MEB Lifespan

VW is in the midst of reassessing its EV future on multiple fronts. It will now come about two years later as a combination of the MEB and SSP platforms.

InsideEVs

Volkswagen Starts Search For Battery Cell Plant Sites In Canada

VW's CEO said Canada is one logical option for building a gigafactory in North America, thanks to high sustainability standards and ideal economic conditions.

Motor1

Volkswagen Trinity Delayed Until 2030 Due To Software Problems: Report

The new factory where it's supposed to be made might not be built anymore.

Tribune News Service

Volkswagen delays key EV project as Tesla challenge stumbles

Volkswagen AG’s ambitious push to supplant Tesla Inc. as the global electric-vehicle leader is running into trouble.

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InsideEVs

Volkswagen's Upcoming Tesla-Rivaling Project Trinity Under Review

With new CEO Blume at the helm, VW Group is taking a closer look at future projects to guarantee the most success. Software fixes and roadmap updates to come.

Motor1

Porsche Seven-Seat Electric SUV Rendering Predicts Look Of Larger Model

Porsche is preparing a vehicle to fit above the Macan and Cayenne.

The Guardian - UK

Porsche shares rise on first trading day in €75bn stock market float

German carmaker Volkswagen lists 12.5% of Porsche shares to raise billions to invest in electric cars

InsideEVs

VW Will Accelerate EV Shift Hoping To Overtake Tesla By 2025

Even with a new CEO, Volkswagen is still determined to become the world’s largest manufacturer of electric vehicles by 2025.

Bangkok Post

Volkswagen shifts gear with Oliver Blume taking wheel

FRANKFURT: Volkswagen on Thursday hands over the reins to new CEO Oliver Blume, tasked with steering the German automotive giant through challenging economic conditions after four turbulent years under his predecessor, Herbert Diess.

InsideEVs

Volkswagen Group Fired Diess Because Of Software Unit Fiasco

The Porsche and Piëch families that control Volkswagen Group plotted Herbert Diess's ouster while he was on a US trip last week, Bloomberg reports.

Financial Times

‘Ruffling feathers’: How Volkswagen fell out of love with Herbert Diess

World’s second-largest carmaker sacked chief executive on Friday after bruising four-year tenure

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