Focusing on electric vehicles, Volkswagen aims for growth in North America, though it could face tough competition.
Focusing on electric vehicles, Volkswagen aims for growth in North America, though it could face tough competition.
The two cars share some corporate technology but stand out in different ways. Another trait they share? Price tags mostly in six figures.
The move would raise money at a time when automaker is investing heavily in electric cars and batteries.
Booming in a depressed market, battery-powered vehicles are a plus for the climate but pose a big threat to carmakers and parts suppliers that are slow to change.
The popularity of battery-powered cars is soaring while the overall auto market stagnates, a worldwide trend.
The yawning disparity between the performance of the electric car company and established automakers last year reflects the technological change roiling the industry.
The company’s Lexus brand will only sell electric cars by 2030 in China, Europe and the United States.
Herbert Diess, who angered workers by mentioning the possibility of job cuts, will hand over some authority to a deputy.
Herbert Diess, the chief executive, seeks to cast VW as a dynamic, modern company, but his style risks the ire of its powerful works council.