Volkswagen Group has launched an all-encompassing new cost-cutting plan, which will determine the workings of the German automaker in the coming 3 years. The company said in a closed-door briefing attended by CEO Oliver Blume and CFO Arno Antlitz that it had a goal of cutting operating expenses by 20 percent in 2028. The announcement was hastened due to a...
A new chief executive officer will be appointed by Porsche, and the Germans are in discussions with the former head of McLaren. In the near future, Porsche may have a new CEO take over the company. In the present moment, negotiations are taking place with the German label over Michael Leiters, who has the potential to follow Oliver Blume. Leiters...
In 2010, Volkswagen Group acquired an impressive 90.1 percent stake in Italdesign, an upscale Italian design entity that gave birth to various iconic sports and supercars. While Lamborghini operated as the means of purchase, Italdesign found itself in Audi when Volkswagen Group purchased it. However, it has now become clear that Audi could be looking to liquidate Italdesign, which has...
Scout, the newly established off-road vehicle brand owned by the Volkswagen Group, is not a stranger to legal troubles, even if the first car, the Terra pickup, is not even expected this year. Some have led to major legal cases because of the company’s direct to consumer business model targeting car dealerships. These legal cases present the potential to have...
The automotive industry giant, Volkswagen Group, which has been in the industry for decades now, is at a crossroads yet again. Since the Dieselgate scandal appears to be behind Volkswagen, the automotive company could be heading toward the financial precipice as a result of the entertainment giant association. On the horizon are the European Union’s 2025 emission standards that may...
The Volkswagen Group is preparing the new generation Scirocco for a release in late 2017 or at the beginning of 2018, at least this is what the rumors are saying, and two renderings with the hot model have been already released on the web, signed by the famous X-Tomi Design. We are not sure how the new Scirocco will look...
