Volkswagen (6do encyclopedia)



Volkswagen, commonly known as VW, is a German multinational automotive manufacturing company that produces a wide variety of vehicles, including cars, trucks, and vans. Volkswagen’s headquarters are located in Wolfsburg, Lower Saxony, Germany, and the company has been producing vehicles since 1937.

History

Volkswagen was founded in 1937 by the German Labour Front (Deutsche Arbeitsfront) in an attempt to produce a budget car for the German people. The first Volkswagen vehicle was the Beetle, which was designed by Ferdinand Porsche.

During World War II, Volkswagen produced military vehicles for the German army, but after the war ended, the company was taken over by the British military government and handed over to the German government. Volkswagen began producing cars for civilian use again in 1945, and by the 1950s, the company had become one of the largest producers of cars in the world.

In the 1960s, Volkswagen introduced several new models, such as the Type 3 and the Type 4, which were well received by consumers. In the 1970s, the company began producing the Golf, which became one of the most popular cars in Europe.

In 1982, Volkswagen acquired the Spanish car manufacturer SEAT, and in 1991, the company acquired the Czech car manufacturer Skoda. In 1998, Volkswagen merged with the luxury car manufacturer Audi, and in 2012, the company acquired Porsche.

Current Operations

Today, Volkswagen produces a wide range of vehicles, including cars, trucks, and vans, under multiple brands, including Volkswagen, Audi, Porsche, Skoda, and SEAT. The company has factories in numerous countries around the world, including Germany, Brazil, Mexico, China, and the United States.

In recent years, Volkswagen has faced controversy over emissions testing, which has led to significant fines and legal action. In 2015, it was discovered that Volkswagen had installed software in its diesel engines to cheat emissions tests in the United States and Europe. The company has agreed to pay billions of dollars in fines as a result of the scandal.

Despite these controversies, Volkswagen remains one of the largest and most respected automotive manufacturers in the world. The company continues to produce innovative and popular vehicles, such as the Volkswagen Golf and the Porsche Taycan, which has received critical acclaim for its electric powertrain.

Environmental Commitment

In recent years, Volkswagen has made a significant commitment to reducing its environmental impact. The company has set a target to become carbon neutral by 2050 and has committed to transitioning to electric vehicles.

In 2020, Volkswagen introduced its ID.3 electric car, which has received positive reviews for its range and performance. The company plans to introduce several more electric vehicles in the coming years, including the ID.4 SUV.

Volkswagen has also committed to using renewable energy sources in its production facilities and has partnered with several renewable energy companies to achieve this goal.

Conclusion

Volkswagen has a long and storied history in the automotive industry. Despite the controversies it has faced in recent years, the company remains a leader in the industry, producing a wide range of innovative and popular vehicles.

With its commitment to reducing its environmental impact and transitioning to electric vehicles, Volkswagen is well-positioned to continue succeeding in a rapidly changing automotive market.


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How an ‘energizer bunny,’ cheeseburgers and $14 billion helped Canada woo Volkswagen

The Toronto Star

23-05-14 10:00


Canadian Industry Minister François-Philippe Champagne cold called Volkswagen North American CEO Scott Keogh in March 2021, beginning a year-long negotiation that ended in the announcement of VW's Plant Canada project. It aims to build a $4bn, 40 GWh-capacity battery assembly plant in southern Ontario, alongside a $1.4bn expansion of Ford’s Oakville assembly complex that includes the on-site production of electric powertrains. Champagne and Ontario Premier Doug Ford wooed and cajoled VW with offers of financial incentives and a highly trained workforce, and St. Thomas, just south of London and a rail hop from Michigan, was chosen as the assembly site ahead of another Canadian location and a US state. Construction is expected to start in 2023 and deliveries from 2025.

https://www.thestar.com/politics/2023/05/14/how-an-energizer-bunny-cheeseburgers-and-14-billion-helped-canada-woo-volkswagen.html
A timeline of negotiations toward the Volkswagen battery plant in Canada

The Toronto Star

23-05-14 10:00


Volkswagen (VW) is planning to build a C$5.1bn ($4.26bn) electric vehicle (EV) battery plant in Ontario, Canada. The 40 GWh factory, which will produce battery cells for EVs, is set to be one of VW's biggest and will create 2,000 jobs. Although the location was chosen over Kansas and Tennessee, the decision is seen as a boost for the US and Canadian auto industries, and for the provinces of Ontario and Quebec following the closure of many plants in recent years. "Our among us industrial heartland will stretch from Windsor all the way across to Quebec City," said Canadian Prime Minister, Justin Trudeau. The plant, worth C$5.1bn ($4.26bn), is set to begin production in 2028, and will receive around C$1.3bn in grants and other loans from the Canadian, Quebec and Ontario governments.

https://www.thestar.com/politics/federal/2023/05/14/a-timeline-of-negotiations-toward-the-volkswagen-battery-plant-in-canada.html
Lithium, coined 'the new oil,' is shifting global markets. Here's what you need to know about it

CBC

23-05-14 08:00


As electric vehicles increase in popularity, lithium, a key element in EV batteries, has become a prized commodity. Global consumption increased by 41% from 2021 to 2022, with over 600,000 tonnes of lithium extracted in 2022, states the United States Geological Survey. As a stand-alone metal, lithium is typically sourced from underground hard-rock and brine deposits. Hard-rock mining can have long-term impacts, while brine extraction is water intensive, and the long-term ecological costs are not clear. Australia, which mines lithium mainly from hard-rock sources, has become the world’s leading producer of lithium, while China, which produces 75% of lithium-ion batteries, is the “next link in the supply chain,” says Craig Johnson, a professor of political science. Canada has access to the sixth-most lithium reserves of any country, but its reserves are far fewer than Australia’s or Chile’s. However, lithium mines in Manitoba and Quebec started producing within the last year, and mining projects are in planning stages. Canada’s newly released Critical Mineral Strategy prioritizes lithium as a targeted mineral for economic growth potential and supply chain necessities.

https://www.cbc.ca/news/climate/lithium-in-the-world-1.6841339
F1’s Stefano Domenicali: ‘You cannot do anything alone; you need to have a good team’

Financial Times

23-05-14 04:21


Formula One CEO, Stefano Domenicali, has defended the sport’s business model, saying he "totally disagrees" that it has prioritised entertainment over the sport itself, despite the proven dominance of the Red Bull team in the 2022 season. Domenicali also defended F1's reliance on a physical workforce. Asked about his approach to leadership, Domenicali said his “zero ego” style was to treat everyone equally: “It’s my style, take it or leave it. I’m not able to have a mask in front of me.” Domenicali has worked in Formula One for over 25 years, after starting his career with the iconic Ferrari team. Under Domenicali’s leadership, F1 has expanded globally and added eight new Grand Prix races to the schedule, with the series set to be carbon neutral by the end of this year.

https://www.ft.com/content/c95ac282-c50f-4380-a5c5-7aec20c0a7c7
China’s EV industry braced for shakeout as prices plunge

Financial Times

23-05-13 22:19


China's highly competitive new energy vehicle (NEV) market, including all-electric and hybrid models, has triggered a price war with automakers rapidly cutting prices since late last year as demand softened and the government cut subsidies. Local auto industry experts have warned that the number of electric car makers in China, the world's biggest EV market, could drop from around 200 to as few as five to 10 in the years ahead. The shake-up has been compounded by competition from foreign automakers, including BMW, Nissan and Volkswagen, which all plan to introduce new electric models this year and next for the Chinese market. Fitch Ratings have warned that only EV makers with large parent companies or enough financial firepower and with economies of scale would survive. Automotive startup Zhejiang Leapmotor Technology, one of the companies to go public recently, recorded recurring net losses in the past four years, and other independent brands are also feeling the pressure of the price wars.

https://www.ft.com/content/4aab9565-0bec-4243-bcfd-1f9a7845eef0
Ex-Audi chief Rupert Stadler admits role in diesel scandal

Deutsche Welle

23-05-16 08:04


Former Audi CEO Rupert Stadler has confessed his role in the diesel emissions scandal in court in Munich in exchange for a €1.1m ($1.21m) fine and a suspended sentence. If Stadler had not admitted his part in the scandal, he faced a prison sentence of one to two-and-a-half years. Stadler was arrested in 2018 and charged in 2019 along with three others from Volkswagen Group for knowingly selling vehicles with cheat devices used to manipulate emissions tests between 2014 and 2015. The VW emissions scandal, first uncovered in 2015 by the US Environmental Protection Agency, has resulted in billions of dollars in settlements and recalls.

https://www.dw.com/en/ex-audi-chief-rupert-stadler-admits-role-in-diesel-scandal/a-65635019
Russia approves $140 mln sale of Volkswagen assets, Ifax reports

Reuters

23-05-16 07:22


Russia's government has approved Volkswagen's sale of its Russian assets to autodealer group Avilon for up to €125m ($137.6m), according to unnamed sources. The deal must be approved by the government commission that monitors foreign investments. Volkswagen declined to comment on the value of the deal.

https://www.reuters.com/markets/deals/russia-approves-140-mln-sale-volkswagen-assets-ifax-reports-2023-05-16/
VW receives Kremlin approval to sell Russian assets

Financial Times

23-05-16 12:19


The Russian authorities have approved the cut-price sale of Volkswagen's local assets to Avilon, one of the country's largest car dealers; the transaction will not exceed €125m. Last year, Russia introduced stringent criteria for western companies leaving the country, including selling at a discount of at least 50% and making a "voluntary donation" to Russia's war chest. These requirements are necessary but not sufficient and each deal is decided on a case-by-case basis by the state foreign investment commission; VW was also hampered by lawsuits filed by its former partner Gaz Group, which temporarily froze much of VW's assets.

https://www.ft.com/content/1e9df0be-0785-4869-95fd-c89bd93e25d2
Former Audi CEO Rupert Stadler pleads guilty to fraud in Volkswagen emissions case

CBC

23-05-16 12:05


Rupert Stadler, former head of Audi, has pleaded guilty to charges relating to Volkswagen's diesel emissions cheating scandal. Stadler's plea was made under an agreement which allowed him to avoid jail time. He was fined $1.6m and will be placed on probation. Stadler had been charged with fraud and false certification; he was accused of letting vehicles with illegal software be sold after September 2015, when the US Environmental Protection Agency issued a notice of violation under the Clean Air Act concerning the rigged software.

https://www.cbc.ca/news/business/volkswagen-audi-emissions-trial-1.6844671
Four fixes to rescue Toronto’s downtown + a teen sues the TDSB and police

The Toronto Star

23-05-16 11:25


Auto giant Stellantis warned Canadian Prime Minister Justin Trudeau in April that it could pull out of a multibillion-dollar EV deal to build an electric vehicle battery factory in Windsor, Ontario unless the federal government raised its subsidy offer to match those given to Volkswagen in the US. Stellantis has already suspended construction work at the Windsor facility. Ontario Premier Doug Ford said the situation was a cause for concern and called on Trudeau to offer more support, while Deputy Prime Minister Chrystia Freeland called for Ontario to contribute further funds to the deal.

https://www.thestar.com/news/morning-digest/2023/05/16/four-fixes-to-rescue-torontos-downtown-a-teen-sues-the-tdsb-and-police.html
Morning Update: Stellantis halts construction at Windsor EV battery plant over federal funding

The Globe and Mail

23-05-16 11:11


Stellantis and LG Energy Solution have suspended work on a $5bn electric vehicle (EV) battery factory in Canada as they call for government funding comparable to the funding given to Volkswagen. The Canadian automotive plant in St. Thomas has been given $13bn from Ottawa over 10 years. Finance Minister and Deputy Prime Minister Chrystia Freeland said the government expressed an openness to boosting subsidies for Stellantis and LG to near the levels afforded to VW. The factory was planned to have a capacity of 40GWh a year, with production starting in 2023. LG Energy Solution is a unit of LG Chem that makes EV battery cells, while Stellantis is a company created by France's PSA and U.S. group Fiat Chrysler.

https://www.theglobeandmail.com/canada/article-morning-update-stellantis-halts-construction-at-windsor-ev-battery/
More money from Ontario needed to end ‘stalemate’ over Stellantis battery plant: feds

The Toronto Star

23-05-16 17:07


Ontario must increase its financial commitment to the new electric vehicle battery plant in Windsor in order to resolve the impasse with Stellantis, according to Industry Minister Francois-Philippe Champagne. Stellantis stopped construction of the project with LG Energy Solution last week after negotiations with the Canadian and Ontario governments did not produce a settlement. The Canadian federal government has pledged more than CAD 456mn ($271m) to the project, but Stellantis has asked for an increase to secure subsidies worth up to CAD 12.5bn. Champagne said Ontario needed to increase its own contribution towards the $1.9bn project.

https://www.thestar.com/business/2023/05/16/more-money-from-ontario-needed-to-end-stalemate-over-stellantis-battery-plant-feds.html
Former Audi boss fined €1.1m after admitting ‘dieselgate’ scandal

Telegraph

23-05-16 16:35


Former Audi boss Rupert Stadler has admitted wrongdoing and apologised for his failure to keep rigged cars off the market following the "dieselgate" scandal. Stadler reached a plea deal that allows him to avoid jail time but requires him to pay €1.1m in settlement with prosecutors. Audi was among the automakers caught up in the emissions test cheating scandal which affected Volkswagen models and was uncovered in 2015. The group admitted to using illegal software to rig emissions tests in vehicles, leading to the recall of about 11 million cars fitted with the devices. The scandal has cost Volkswagen more than €30bn worldwide in settlements and buyback schemes.

https://www.telegraph.co.uk/business/2023/05/16/volkswagen-audi-boss-fine-dieselgate-scandal/
Champagne says Ontario needs to 'pay fair share' to end 'stalemate' with Stellantis

CBC

23-05-16 14:32


The Canadian Minister of Innovation, François-Philippe Champagne, has urged the Ontario government to pay its “fair share” of subsidies for construction of Stellantis's electric vehicle battery manufacturing plant in Windsor. The call comes after Stellantis paused construction due to Ottawa reportedly only partially delivering the promises it made to the automaker. When confirmed, the plant was to have benefited from CAD 500m ($410m) of federal support. The construction pause follows the US Inflation Reduction Act complicating the deal, as it widely benefits the established US initiative.

https://www.cbc.ca/news/politics/stellantis-champagne-ontario-stalemate-1.6844796
Local MPPs divided on whether it's the feds, province that needs to step up in Stellantis talks

CBC

23-05-17 00:03


Government support for electric vehicle manufacturing is under scrutiny in Canada, where Stellantis said it had to pause the construction of its planned battery plant in Windsor, Ontario, due to a lack of financial support from Canada's federal government. The company said it is still working with the government, but if a deal isn't reached, it may make "difficult decisions" about the project. The delay follows the US government's passing of the Inflation Reduction Act, which gives automakers greater financial stability for EV investments. Some are calling for more support for the Canadian EV supply chain.

https://www.cbc.ca/news/canada/windsor/stellantis-ev-battery-mpps-1.6844525
Ottawa at stalemate over Stellantis battery factory, calls on Ontario to pay its ‘fair share’

The Globe and Mail

23-05-16 22:58


Canada's Innovation Minister, François-Philippe Champagne, is urging the Ontario government to help end the subsidy stalemate that has halted construction of Canada's first electric-vehicle battery plant. Automaker Stellantis NV and battery maker LG Energy Solution have threatened to move their joint $5bn project to the US, unless the incentives provided by the Inflation Reduction Act are matched in Canada, following the example of a similar project built by Volkswagen. Champagne urged Ontario to contribute an unspecified "fair share" of the incentives, however, the province said it is up to the federal government to honour its commitments.

https://www.theglobeandmail.com/business/article-ottawa-at-stalemate-over-stellantis-battery-factory-calls-on-ontario/
Canada is getting played by Stellantis, but we asked for it

The Globe and Mail

23-05-16 22:20


Stellantis could cancel its plans to build an electric-vehicle battery plant in Ontario if the company doesn't receive the subsidies it applied for, however, Ottawa and Queen's Park are willing to pay the extra billions needed. The Canadian government broke the bank for Volkswagen with a promise of up to $13bn in production tax credits plus $700m in upfront construction costs, hailed as the German automaker's first battery plant outside Europe. But the incentives could become a race to the bottom and be consumed in higher after-tax corporate profits and higher costs of production, with little or no benefit to workers overall.

https://www.theglobeandmail.com/business/commentary/article-canada-is-getting-played-by-stellantis-but-we-asked-for-it/
VW talks to Huawei about licensing software for cars in China

Financial Times

23-05-17 04:33


Volkswagen is reportedly discussing using Huawei's software in its electric cars in China as it seeks to gain a greater share of the country's EV market. The German carmaker's own software division Cariad has faced problems that have delayed the launch of new models and necessitated the removal of many of its top executives. VW sells more cars than any other automotive company in China, but it ranks ninth for EV sales. It recently announced plans to win back ground by developing "In China, for China" products and upgrading its existing platform, offering advanced entertainment and driving assistance features.

https://www.ft.com/content/aec66be2-34c7-4e07-abbb-d9dbb510b732
‘The less governments interfere in economic matters, the better off we would all be.’ Canadian business, plus other letters to the editor for May 17

The Globe and Mail

23-05-17 08:00


The CEO of car manufacturer Stellantis, formerly known as Fiat Chrysler, has said they are unhappy that rival car manufacturer Volkswagen received $13bn in funding from the Canadian government. Speaking to the Globe and Mail, CEO T.S. Ramsay said: “I don’t blame the company for wanting equal treatment.” Stellantis is currently suspended indefinitely from constructing its EV battery plant in Windsor, Ontario, while the company continues to negotiate with the Canadian and Ontario governments for financial assistance. Despite once being one of the biggest car manufacturers in Canada, Stellantis received no public funding to modernise its operations in the country. The issue is complicated by Ontario Premier Doug Ford’s opposition to any sort of public funding for car companies.

https://www.theglobeandmail.com/opinion/letters/article-business-grants-government-economy/