VW preps new strategy to become 'mobility provider'Fri, 20, May 2016
Volkswagen, aiming to become a "mobility provider," will introduce a new strategy comprising eight key initiatives in mid-June, CEO Matthias Mueller said Friday in a speech to senior company managers. The embattled automaker has been working on a new blueprint for its core auto business that it hopes will boost profitability once it emerges from an emissions test-rigging scandal.
VW CEO eyes solid 2016 growth despite crisisThu, 28, Apr 2016
VW Group has a chance to post solid growth in its operating business this year even as it grapples with its emissions-cheating scandal and a strategic repositioning, CEO Matthias Mueller said. Cost reductions at Europe's largest automaker are "in full swing" at individual brands and across the group, he added.
VW open to new partnerships but not talking to Google, AppleThu, 28, Apr 2016
VW will open itself up to more partnerships and strategic investments to help generate a "substantial proportion" of its revenue from new business models, CEO Matthias Mueller said. Discussions are already at an "advanced stage," but Google and Apple are not among tech companies VW is in discussions with, he said.
VW brand reports $144 million Q4 loss on emissions crisisThu, 28, Apr 2016
VW Group's namesake car brand slumped to a loss in the fourth quarter as the emissions-cheating scandal tarnished its reputation and added costs to appease customers and dealers. The VW brand posted a loss of 127 million euros ($144 million) in the final three months of 2015.
VW to pay top exes $71.8 million for 2015Thu, 28, Apr 2016
VW Group said it plans to pay the 12 current and former members of its management board 63.24 million euros ($71.8 million) for 2015, a year when Europe's largest carmaker posted a record loss due to legal and compensation costs for cheating on diesel emissions tests.