Automotive
From 2019 onward, Swedish car brand Volvo will only manufacture cars with a hybrid or electric engine, eliminating the traditional models entirely.
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The storm surrounding the dieselgate scandal may have passed, there is still an ongoing investigation: in Germany, investigators went to several Audi locations and to its parent company, Volkswagen. In France, a leaked report spells bad news for Renault.
After 4 years, car manufacturer Volkswagen has surpassed its major competitor Toyota again and can now boast to be the world's largest car seller. A remarkable feat considering its cheating software scandal.
The Volkswagen group founded MOIA, a new division to focus on the on-demand transportation service meant to compete with other companies like Uber.
German car manufacturer Volkswagen will cut 30,000 of its 610,000 jobs in order to save up to 3.7 billion euro per year. Germany is hit the hardest, with 23,000 jobs cut, although the company will not force anyone to leave.
Has Volkswagen finally gotten out of the infamous Dieselgate scandal? After positive third quarter results, the board has now increased its full-year forecast. However, major lawsuits still threaten the German car builder.
The American courts approved a settlement proposal from Volkswagen surrounding Dieselgate: in total, the German car manufacturer will pay 14.7 billion dollars (nearly 14 billion euro).
German Volkswagen already had to spend 15 billion dollars (13.3 billion euro) in the United States as fallout of the dieselgate scandal. The number is much higher than previously anticipated, with the rest of the world still to come.
The dieselgate scandal may have major repercussions for Volkswagen: it is not unthinkable the German car company will halt its diesel car production. On top of that, its board still faces legal problems.
Following Opel's parent company, GM, two of the world's largest car companies (Toyota and Volkswagen) have now also entered an alliance with a digital taxi platform. The entire car industry seems to take a new future into consideration, one where people no longer own cars.
Last year, Japanese car manufacturer Toyota managed to sell the largest number of cars worldwide, the fourth year in a row it managed to be the largest brand, despite lower sales compared to the year before.
