The key issue facing Toyota and other carmakers this year is the spectre of weakening global demand
Volkswagen
Latest in Volkswagen
Gadgets
Chair of the bored: Volkswagen unveil 20kmph office seating, with 360-degree camera and built-in touchscreen media player
Volkswagen build chair with advanced electric vehicle technology
ADQ
Porsche rises in the headwind; landmark $72 billion listing is a big success
Shares rose nearly 3 percent and closed at $81.88; the biggest listing in Germany in 26 years; Abu Dhabi’s ADX and Qatar’s QIA among cornerstone investors
Frankfurt Stock Exchange
Volkswagen targets $9.4 billion raise in Porsche IPO
The initial public offering (IPO) is the largest of its kind in Europe in over a decade and is expected to reopen European markets, which have been impacted from the ongoing Ukraine-Russia conflict, inflation and high interest rates
Germany
Porsche IPO draws commitments from Qatar Investment Authority, Norway Wealth Fund
The IPO is expected to value the sports carmaker at $84 billion
automobile industry
Volkswagen to list biggest Porsche IPO, valuing sports carmaker at $84 billion
The offering could value Porsche between 60 billion and 85 billion euros ($84 billion), and is targeted for the end of September or beginning of October and is expected to be completed by year end, subject to capital market conditions
automobile industry
Five things to consider before buying an electric vehicle
While electric cars are better cars and better for the environment that those that run on combustion engines, you still need to make an informed decision and consider a number of factors before owning an electric car
automobile industry
Volkswagen to launch electric vehicles in region in ‘two-or-three years’
German car manufacturer has previously said it plans to invest around $19bn in future trends such as ‘e-mobility, hybridisation and digitalisation’ by 2025
automobile industry
In pictures: The all-new 2020 Volkswagen Golf with hybrid variants
The eighth generation Golf – intelligent, connected and electrified.
Dammam
Female drivers help boost car sales in Saudi Arabia
Leading manufacturers report increased sales in Saudi Arabia since lifting of driving ban in 2018
automotive industry
Car giant VW appoints new boss to lead Middle East operations
New MD Victor Dalmau joins Volkswagen Middle East from the Sao Paulo operation in Brazil
car sales
Fraud probe said to target top Porsche bosses
Three top executives at Porsche are reportedly under investigation over alleged excessive payments
Auto Shanghai 2019
Gallery: Volkswagen unveils zero-emission SUV
Volkswagen unveiled the newest member of the ID Family – the ID ROOMZZ in Shanghai. The series version of the ID ROOMZZ which is equally suitable for families and business use, is scheduled to take to the road from 2021.
beach buggy
In pictures: Volkswagen’s electric ID BUGGY concept off-roader
Volkswagen’s ID Buggy concept combines battery power with styling reminiscent of carefree days tearing around California sand dunes, tapping a retro flair similar to the ID Buzz minibus.
DHL
DHL Express unveils first electric car to carry out Dubai deliveries
Logistics giant says all-electric Volkswagen e-Golf will initially operate in Dubai International Financial Centre and Downtown Dubai, followed by expansion to the wider UAE
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Cars
With a new CEO, Volkswagen begins sweeping overhaul to set future course
Herbert Diess, a former BMW AG executive who joined VW two months before the emissions scandal came to light, pledges to pursue new technology while reining in spending
Al Nabooda Automobiles
Al Nabooda Automobiles partners with ekar for carsharing service
A new fleet called ekar X will be created for the Volkswagen Passat and Jetta models