Volkswagen’s Audi premium group is pushing deeper into the Chinese market with domestic partnerships, signing a deal with state-owned SAIC to develop new EVs for the mainland. This comes as global rivals like GM and Ford look to minimize losses in the region.
The U.S National Highway Traffic Safety Administration (NHTSA) said it received 12 complaints over Volkswagen's electric ID.4 SUVs built between 2021 and 2023. According to the safety regulator, the affected vehicles were also a part of the automaker's prior recall to remedy water seepage from the door. The NHTSA's new query will investigate Volkswagen's older recalls to assess the effectiveness of the remedies done.
(Bloomberg) -- Volkswagen AG is exploring the sale of as much as €1 billion ($1.1 billion) of stock in Traton SE, people familiar with the matter said, taking advantage of the truckmaker’s surging price to increase the number of shares available for trading. Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindMacron Puts French Banks in Play With Plan to Transform EuropeBiden Adds Tariffs on Chinese Chips, Critical Minerals, EVsTesla Rehires Some Supercharger Work