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DAXX:VOW, Nov 15, 03:41 UTC

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VW Builds Europe's Biggest E-Car Plant to Halt Tesla's March

VOW

(Bloomberg) -- Volkswagen AG will invest 1.2 billion euros ($1.4 billion) to revamp a plant in eastern Germany into Europe’s largest electric-car factory, giving chase to Tesla Inc.’s move into affordable zero-emission vehicles. “We will lead e-mobility out of the niche and make the e-car accessible for millions of people,” Thomas Ulbrich, the VW brand’s head of electric-cars, told reporters in Zwickau Thursday. The Zwickau site, about an hour’s drive from the eastern German city of Leipzig currently churning out Golf hatchbacks, will manufacture up to 330,000 electric vehicles per year. A smooth changeover from making thousands of combustion-engine vehicles every day will be vital for VW to defend its global leadership among incumbent rivals, while fending off new alternatives to traditional car ownership.

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finance.yahoo.com
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2018 Volkswagen Touareg V6 S Review, Roadtest

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Once you venture into six-figure pricing territory, the luxury realm is truly dominated by SUVs. So it surprises no one that the new Volkswagen Touareg is now the company flagship. It’s the benefactor of the Vee Dub empire’s vast market reach as its platform is formulated with the likes of the Bentley Bentayga and Porsche Cayenne in mind. So its roots are royal and have given rise to an increase in on-board gadgets as well as improved powertrain and chassis tech. Touareg will be offered initially in two guises; a $92,990 V6 and the $107,990 V6 S we drove. The Tow Rig (still rated to haul 3500kg braked) rides on regular type shockers, though buyers of the S can option $6000 worth of adaptive air springs and the new rear-wheel steer system (which is said to aid cornering as well as trimming the turning circle). For a further $4k, you’ll get active roll bars, administered by a 48V system for more immediate response.

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autocar.co.nz
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Ford CEO open to investors in autonomous vehicles but cautious on VW

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MIAMI (Reuters) - Ford Motor Co Chief Executive Jim Hackett told Reuters the company was open to investment by automakers and others in its autonomous vehicle business, but cautioned that expanding partnerships with German automaker Volkswagen AG <VOWG_p.DE> was a "delicate dance." Volkswagen's supervisory board is scheduled to meet on Thursday to review a 10-year strategic plan by Chief Executive Herbert Diess that is expected to propose using alliances with rivals to cut development costs for electric and autonomous vehicles and potentially other types of vehicles. Ford and VW have acknowledged that they are in discussions. “Herbert and I had a great discussion,” about the commercial vehicle business, Hackett said. However, Hackett said expanding collaboration to other areas, such as electric vehicles or consolidation in Latin America, would have to be done carefully, and no broader deal had been agreed. Potential investors could put money into either Ford's autonomous vehicle unit, or Argo, Ford executives said. Ford and Argo are currently testing vehicles in four cities -- Miami, Pittsburgh, Detroit and Washington, D.C. Argo Chief Executive Bryan Salesky said, and the companies plan to expand the number of test cities in 2019. Ford has said it expects to launch self-driving vehicles for sale by 2021, when a new vehicle architecture designed specifically for autonomous systems is expected to be ready.

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VW adds smaller engine to Caddy range, increasing the value offering a lot

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Caddy 1.0 TSI is VW #VanLife at a R100k discount. VW has made van-life a lot more attainable for growing families and Instagram #VanLife hipsters, by dramatically lowering the price of its Caddy. The VW compact van range adds a new 1.0 TSI variant to its South African line-up, at a saving of more than R100 000 to its nearest Caddy sibling. Although the 1-litre engine might sound woefully too small to move a seven-seater van around with any swiftness, it does benefit from a turbocharger feeding its three cylinders. Things you might like, and will have to pay extra for, include cruise control, park distance sensors (featuring an integrated reversing camera), Bi-xenon headlights (handy when driving unfamiliar rural roads at night) and a multi-function steering wheel. Although South Africans have transitioned away from the van as a family vehicle, this new bargain-priced Caddy might convince many potential SUV owners, who hardly gravel travel, that there is a superior solution. How has VW managed to price the Caddy 1.0 TSI so keenly?

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thesouthafrican.com
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Commerzbank Analysts Give Volkswagen (VOW3) a €185.00 Price Target – PressOracle

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JPMorgan Chase & Co. set a €200.00 ($232.56) price objective on shares of Volkswagen and gave the company a buy rating in a report on Monday, November 5th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and nineteen have issued a buy rating to the company. Volkswagen has a 1 year low of €124.75 ($145.06) and a 1 year high of €192.30 ($223.60). Volkswagen AG, together with its subsidiaries, manufactures and sells automobiles primarily in Europe, North America, South America, and the Asia-Pacific.

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pressoracle.com
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European Car Sales Slump Again, Testing VW's Upbeat Outlook

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European Car Sales Slump Again, Testing VW's Upbeat Outlook. European carmakers had another difficult month in October with car registrations slumping once more, putting to the test a fourth-quarter bounce-back projected by Volkswagen AG and Daimler AG. Deliveries of new passenger cars slid 7.4 percent in the European Union and European Free Trade Association in October from a year earlier, compounding a 23 percent drop during September, according to the European Automobile Manufacturers Association. The situation should get back to normal later in the year, according to EY consultancy, which expects sales in November and December at about the same level as last year. As a result of emissions-testing gyrations, annual growth will slow to just under 2 percent, down from 3.3. percent.

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Global Gears Market Growth Prospects 2018 - Volkswagen, Daimler, Toyota and Ford - Important Events 24

DAI 7203 +2 more DAI 7203 F VOW

This Gears Market report researchers the industry size (value, capacity, production, and consumption) in key regions like USA, Europe, Japan, China, India, South East Asia, and other regions. This study categorizes the Gears divided data by manufacturers, region, type, and application, also analyzes the market status, market share, growth rate, future trends, Gears market drivers, opportunities and challenges, risks and threats, sales strategy, distributors and Porter’s Five powers Analysis. Throughout, the Gears report has maintained an analytical approach to present an executive-level blueprint of the global Gears market, with a key focus on Gears operations in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also provides a detailed analysis on region-based potential held by the Gears market, that includes variety in production values, demand volumes, the presence of market players, the development of each region over the given predict period.

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importantevents24.com
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[$$] VW China chief expects sales stall to persist in 2019

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Volkswagen's chief executive for China said he expects car sales in the country to remain flat in 2019, after industry data showed sales in the world’s largest auto market had notched a four-month losing streak. “[The China] market has been challenging since June,” Jochem Heizmann, chief executive of China operations for VW, said on Thursday. Among other factors, Prof. Heizmann blamed the US-China trade war for the recent stall in the car group’s largest market, though he believed the pause in sales growth would extend only in the mid-term.

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finance.yahoo.com
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Volkswagen To Convert Three German Plants To Build Electric Cars

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Plans to convert its factories into electric car plants depend on the approval of VW's supervisory board, which is meeting on Friday to discuss the plans, the company said. Volkswagen will convert three German factories to build electric cars, as Europe's largest automaker by sales starts mass producing zero-emission vehicles in a major strategy shift following its emissions cheating scandal.The German company said on Wednesday its plant in Emden, which currently builds the VW Passat, would build electric cars from 2022 onwards, while its factory in Hannover would start making them the same year. Together with Zwickau, they will form the largest network for the production of electric vehicles in Europe," Gunnar Kilian, VW board member responsible for personnel, said. A model known as the ID CROZZ crossover family car will follow.By late 2020, Zwickau will have a daily production capacity of 1,500 vehicles, making six electric car models, VW said.

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Volkswagen to devote three plants to electric cars

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German automaker Volkswagen will convert three factories in Germany to manufacture electric cars, ramping up production of zero-local emission cars ahead of tougher European emissions standards, the company said Wednesday. Volkswagen personnel head Gunnar Kilian said that workers were given a jobs guarantee through 2028, but that the company would work to reduce positions "in a socially responsible way" since electrics require fewer production steps. Volkswagen and other car makers had bet heavily on diesel models, which get better mileage than gasolene-powered vehicles, to meet tough limits on emissions of carbon dioxide, a greenhouse gas scientists say causes global warming. The EU introduced new test procedures September 1 that are intended to measure emissions in daily driving conditions. As diesel sales fall, carmakers are turning to electric vehicles to meeting the new C02 limits, even though consumer uptake has been slow because of higher costs and lack of convenient places to charge up.

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