Effective July 15, Andreas Renschler is leaving the boards of management for both Volkswagen AG and Traton SE “by best mutual consent,” according to a press release.
The global alliance between Ford Motor Co. and Volkswagen AG announced plans to develop a new city delivery van and medium pickup truck.
In a long-speculated move, Volkswagen's global truck and bus subsidiary, Traton, has made an unsolicited bid to acquire the rest of Navistar for $35 a share.
Volkswagen will invest in Ford's Argo AI autonomous vehicle platform. Ford will use VW’s electric vehicle architecture to design and build at least one high-volume fully electric vehicle in Europe for European customers starting in 2023.
Volkswagen AG announced on May 13 that it is resuming preparations for an initial public offering of Traton SE, with progress to be made “depending on further developments on capital markets.”
Volkswagen has announced plans to postpone an initial public offering of the company’s trucking group Traton, formerly Volkswagen Truck & Bus, due to uncertain market conditions.
Ford Motor Co. and Volkswagen AG have formed a global alliance to share costs and improve efficiency in the development of commercial midsize pickups and vans for various global markets, including the U.S.
Volkswagen is showing a concept cargo van at the LA Auto Show called the I.D. Buzz Cargo, that offers another exhibit of evidence that it may compete in the U.S. commercial van segment in the near future.
Volkswagen Truck & Bus has announced a new name, Traton Group, as it increases its independence and readies itself to raise funds for global expansion in commercial vehicles. Meanwhile, parent company Volkswagen AG is talking with Ford about possibly developing a line of commercial vehicles.
Volkswagen AG cooled expectations that it is moving to take over Navistar International in an April 18 filing with the Securities and Exchange Commission. However, in the same statement, the Germany-based OEM left the door open for its Volkswagen Truck & Bus GMbH subsidiary to possibly acquire U.S.-based Navistar at some later date.