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Posts Tagged ‘VW CEO Herbert Diess’

Ford, Volkswagen Talks Could Wrap Up Soon

Two companies finding plenty of common ground.

by Joseph Szczesny on Dec.05, 2018

Ford CEO Jim Hackett, left, and Chairman Bill Ford both confirmed the talks with Volkswagen are progressing quickly.

Ford Motor Co. top executives said they think they can wrap up discussions on a broad alliance with Germany’s Volkswagen AG fairly soon since both sides have demonstrated a serious interest in the discussions.

Ford CEO Jim Hackett told reporters during a gathering at Ford plant outside Detroit that the company’s discussions with Volkswagen were moving forward at a steady clip and could conclude soon.

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“We have nothing to announce yet,” Hackett said. “But I just want to confirm we’re serious. I think the industry feels at the margins are under pressure. So these accommodations are more normal than not. There is real momentum there,” he said of the talks with VW. (more…)

Volkswagen May Use Ford Plants for Vehicle Production

VW CEO Diess confirms possibility after Trump meeting.

by Michael Strong on Dec.04, 2018

VW's CEO Herbert Diess said the company may use Ford plants to produce VW vehicles in the U.S.

The news of a second Volkswagen plant in the U.S. just became more interesting in the wake of a White House meeting between President Donald Trump and the heads of several European automakers.

After the meeting Herbert Diess, Volkswagen’s CEO, said as part of the growing alliance with Ford Motor Co. the automaker may use Ford plants to build cars. He added later that the company was “considering building a second car plant.”

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“We are in quite advanced negotiations and dialog with Ford to really build up a global automotive alliance, which also would strengthen the American automotive industry,” he added. (more…)

Negotiating Deal VW is a “Delicate Dance,” Says Ford CEO Hackett

First project could be announced before year-end.

by Paul A. Eisenstein on Nov.15, 2018

Ford CEO Jim Hackett described the talks with Volkswagen as a "delicate dance."

A deal between Ford and Volkswagen focusing on joint efforts in the light commercial vehicle market could come together quickly, but in his first official acknowledgement that the two carmakers are exploring a wide range of additional options, Ford CEO Jim Hackett said those negotiations involve a “delicate dance.”

Like a growing number of competitors, Ford has opened up to the possibility of teaming up with erstwhile rivals on a variety of projects. And, in recent weeks, sources have indicated it is discussing deals that also could see them team up on everything from autonomous and electrified vehicles to joint production and marketing efforts in markets such as Europe and Latin America.

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“(VW CEO) Herbert (Diess) and I had a great discussion” about a possible alliance on commercial trucks, Hackett said in an interview with the Reuters news service, noting that things are “going better than we thought it would.” (more…)

CEO Says VW Ready to Build 50 Million EVs

German automaker expects to spend nearly $60 bil on batteries alone.

by Paul A. Eisenstein on Nov.12, 2018

VW's CEO Herbert Diess said the company made arrangements to buy 50 million electric vehicle batteries.

Even though it won’t launch its first long-range battery-electric vehicle, or BEV, until next year, Volkswagen’s CEO is forecasting massive growth in the sector, the German automaker already having “booked” plans to build 50 million BEVs.

Precisely how long it will take to hit that target Volkswagen Chief Executive Herbert Diess didn’t say during an interview with German trade publication Automobilwoche. But the VW Group is expected to sell 10.7 million vehicles this year, a figure that includes a broad range of powertrain technologies, primarily diesel and gasoline.

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The launch of a Golf-sized all-electric model next year will put Volkswagen in direct competition with Tesla, and the Germans are preparing to roll out an array of other BEVs, including a reborn Microbus set to be called the I.D. Buzz. Sibling brand Audi, meanwhile, just introduced its first BEV, the e-tron SUV. All told, the various VW Group brands, ranging from entry-level Seat and Skoda to high-line Bentley and Lamborghini, plan to have at least 40 all-electric models in showrooms by 2025. (more…)

Volkswagen AG’s Legal Woes Continue to Expand

Automaker enduring two diesel-scandal lawsuits in Germany.

by Joseph Szczesny on Sep.13, 2018

Former VW Group CEO Martin Winterkorn is accused of failing to provide info about the diesel scandal soon enough.

Volkswagen AG’s legal woes from the fallout from rigging of diesel emissions tests continue to expand as it faces a class action lawsuit courtesy of a new law in Germany designed to protect the interests of consumers.

The Federation of German Consumer Organizations, or Vzbv, said it would undertake “pioneering work” with motorists’ lobby group ADAC, or General German Automobile Club, by filing for damages on behalf of Volkswagen owners with diesel engines.

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The class action was made possible after the German cabinet approved a law that allows consumer protection organizations to litigate on behalf of the consumers, avoiding the high costs of individual lawsuits.  (more…)