Industry

Volkswagen Group has added a slew of additional underwriters as it pushes ahead with the planned initial public offering of its Porsche sports car unit, people with knowledge of the matter said. BNP Paribas, Deutsche Bank and Morgan Stanley were selected as senior joint bookrunners, the people said. Barclays, Banco Santander, Societe Generale and UniCredit […]

SALZGITTER, Germany — Volkswagen Group said it will invest more than 20 billion euros ($20.38 billion) in a battery cell business jointly with partners, creating 20,000 jobs and reaching annual sales exceeding 20 billion euros by 2030 as it seeks leadership in the growing market. The PowerCo unit will manage VW’s global battery production and

Software company WirelessCar is at the forefront of a global push to find new ways to use connected-vehicle data. Founded in 1999, the Swedish company provides connected services in more than 9 million vehicles in more than 100 countries. WirelessCar works with nearly a dozen automakers, with its most robust services featured in Volkswagen, Volvo

WASHINGTON — The new chief of the nation’s top auto safety regulator said the agency hasn’t been holding back as it works through a backlog of regulatory to-dos, sorts through first-of-its-kind crash data and steps up an investigation into Tesla Inc.’s Autopilot. “I think we’ve probably increased the scrutiny on all automakers since last year,”

WASHINGTON — When President Joe Biden set a nonbinding target last August for half of all new vehicles sold in the U.S. to be zero emission by 2030, major automakers backed the goal with a caveat: They can’t do it alone. While automakers including Ford Motor Co., General Motors and Stellantis — whose executives stood

By 2030, Stellantis expects to boast more than 25 electric vehicles across its U.S. portfolio. Ram will offer buyers the ability to haul loads with versatile electric pickups. Dodge will have performance enthusiasts burning rubber with zero-emission muscle cars. Jeep will have moved beyond its 4xe plug-in hybrid technology to full EVs still capable of

German industrial giant Siemens is investing more than $100 million in Volkswagen Group‘s Electrify America unit, becoming the first outside investor in the North American network of electric vehicle charging stations. Including new funds from its parent Volkswagen, the Electrify America unit would receive a total injection of $450 million, the companies said in a

The adoption of an open freight data exchange standard could reduce global carbon emissions approximately 22 percent by 2050 and eliminate 2.5 billion barrels of oil per year, according to a report issued Tuesday by the Coalition for Reimagined Mobility. Clean fuel use and electrification are not enough to completely decarbonize the freight sector in

Consumers want safeguards at the forefront for vehicles with automated technology such as lane centering, automated lane changing and driver monitoring, new data from the Insurance Institute for Highway Safety shows. “There does seem to be a genuine interest in this technology. But there’s also a bit of healthy skepticism around the general understanding that

Sweden’s Northvolt, whose customers include BMW and Volkswagen Group, is planning to go public within the next two years as battery demand for electric vehicles booms. The company is “well positioned” for an initial public offering, founder and Chairman Carl-Erik Lagercrantz said in an interview. The venture, which has been valued at around $12 billion