The market for electric vehicles is growing. And VW wants to be prepared for that: According to German media reports Europe's biggest carmaker wants to build its own factory for batteries to power its future electric cars.
With a new boss known for finding efficiencies installed at VW, it appears that change is coming for Europe's largest car group. Yet workers at the company’s Wolfsburg headquarters are calm and positive about the future.
German police have taken Porsche manager Jörg Kerner into custody, amid concerns that he could flee the country. The emissions scandal has spread from Volkswagen's core VW division to many other brands.
The Volkswagen Group's corporate saga is in the best soap-opera series tradition. It has everything: ultrawealthy families, backroom conniving, dramatic scandals, soaring successes. A new volume got started this week.
The German carmaker has initiated the deepest changes to its management since the diesel emissions scandal of late 2015, replacing its CEO and establishing a corporate structure designed to speed up decision making.
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