Volkswagen Group
German multinational automotive manufacturing corporation
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2025 | Škoda Auto planned to launch the Kylaq model in India. |
2025 | Planned introduction of Tera (subcompact crossover SUV in Latin America and India) and Teramont Pro. |
2025 | Planned introduction of the Škoda Elroq, further extending the MEB platform's reach across different automotive brands. |
2025 | Reported plans to introduce ID Every1 and ID.2 models built on the MEB Entry platform. |
February 2025 | Volkswagen's market capitalization was valued at US$50.5 billion, highlighting the company's significant financial standing in the automotive industry. |
2024 | BMW settled a $6 million class-action lawsuit related to emissions issues. |
2024 | Škoda Auto updated the Superb model, continuing to import it from the Czech Republic. |
2024 | Volkswagen updated the California campervan, now based on the T7 Multivan with MQB Evo platform. |
2024 | Introduction of the Tayron Mk2/Tiguan global model, and the new Caravelle based on the Ford Transit Custom platform. |
2024 | Expansion into new markets with Ford Explorer EV, Ford Capri EV, Volkswagen ID. UNYX, and Volkswagen ID.7 Tourer added to the MEB platform lineup. |
2024 | Introduction of Audi Q6 e-tron, an electric SUV developed on the PPE platform |
2024 | Launch of Audi A6 e-tron, an electric vehicle based on the Volkswagen Group Premium Platform Electric (PPE) |
2024 | Debut of Porsche Macan EV, an all-electric version of the Macan SUV built on the PPE platform |
December 2024 | Tens of thousands of Volkswagen workers in Germany go on strike in response to company challenges. |
December 12 2024 | Kjell Gruner becomes the new Chief Executive Officer of Volkswagen Group of America, succeeding Pablo Di Si who stepped down at his own request. |
November 27 2024 | Volkswagen announced the sale of its Xinjiang factory in China, citing declining demand for combustion engine vehicles. |
November 21 2024 | Swedish battery producer Northvolt filed for bankruptcy, after Volkswagen had previously invested 1.4 billion euros in the company. |
October 2024 | Volkswagen plans to close at least three plants in Germany and cut jobs due to challenges with EV investments and declining Chinese sales. |
September 2024 | German Economy Minister Robert Habeck responds to potential mass layoffs at Volkswagen, stating the government would consider ways to help the company. |
September 30 2024 | Volkswagen experienced a 64% drop in profit for the three months ending September 2024. |
June 2024 | Ford Motor Company began building MEB-based Ford Explorer vehicles in Cologne as part of a strategic partnership with Volkswagen. |
February 2024 | Volkswagen Group signed a technology cooperation and joint development agreement with Chinese electric vehicle manufacturer XPeng, focusing on platform and software collaboration. |
January 2024 | Volkswagen Group began seeking international technology partners to create AI labs and develop digital prototypes using artificial intelligence. |
2023 | Volkswagen moves its North American headquarters from Herndon to Reston, Virginia. |
2023 | Škoda Auto discontinued the Octavia model. |
2023 | Begins local assembly of Audi Q3 and Q3 Sportback models in India. |
2023 | Introduction of the ID.7 (battery electric liftback), Passat (European market station wagon), and Tiguan (Mk3). |
2023 | MEB platform production peaked at 688,858 vehicles, introducing new models like Volkswagen ID.7 and further expanding production of existing models, demonstrating the platform's continued growth and maturity in the electric vehicle market. |
2023 | Introduction of the Cupra Tavascan and Volkswagen ID.7, continuing the platform's expansion into new vehicle segments. |
2023 | Volkswagen became the largest company in the European Union and the largest car manufacturer in the world by revenue. |
2023 | Volkswagen Group achieves record revenue of €322 billion and reports a net income of €16.0 billion, with 684,000 employees and 9.2 million vehicle deliveries |
2023 | Volkswagen Group announced plans to cut costs by €10 billion ($11.1 billion), as part of their strategic restructuring. |
2023 | Volkswagen Group estimated its total debt at 155.6 Billion Euros in its financial report, highlighting significant financial challenges. |
October 2023 | Production of the Volkswagen Up ended after 12 years of manufacturing. |
April 2023 | Volkswagen Group unveiled the APP 550 electric motor for the MEB platform, featuring increased efficiency through an improved inverter design. |
2022 | Economists published a study revealing that each cheating Volkswagen car per 1,000 cars caused a 1.9% increase in low birth weight rates and a 1.7% increase in infant mortality rates. |
2022 | Experienced a sales decline to 301,069 new vehicles, potentially indicating market challenges or supply chain issues. |
2022 | Volkswagen introduced the Virtus sedan and Taigun SUV. Also discontinued the Polo and Vento models. |
2022 | Škoda Auto launched the Slavia model and updated the Kodiaq model. |
2022 | Launch of the Multivan with a new MQB Evo platform and continued evolution of Volkswagen's electric and SUV lineup. |
2022 | Introduction of the Tavendor (two-row full-size crossover SUV in China). |
2022 | Volkswagen AG annual report reveals the Tiguan as the best-selling model globally, highlighting the company's continued market success in the automotive industry. |
2022 | Relaunch of the Amarok, now developed in collaboration with Ford using the Ford T6 platform for markets in Europe, Australia, and Africa. |
2022 | MEB platform production reached 496,468 vehicles, expanding to include the Volkswagen ID. Buzz and maintaining a stable global BEV market share of 6.46%, with the cumulative production of multiple electric vehicle models across different brands. |
2022 | Launch of the iconic Volkswagen ID. Buzz and ID. Buzz Cargo, along with the Škoda Enyaq Coupé, demonstrating the platform's adaptability to different vehicle types. |
2022 | Production of MEB platform vehicles began at the Chattanooga, Tennessee plant. |
2022 | Scout Motors Inc. was founded as a 100% owned subsidiary of Volkswagen Group, signaling expansion into new market segments. |
2022 | Volkswagen became the largest automaker by revenue. |
2022 | Volkswagen founded Scout Motors Inc. and sold 25% of Porsche AG shares in an IPO. |
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This contents of the box above is based on material from the Wikipedia articles Volkswagen Group Premium Platform Electric, Volkswagen Group of America, List of Volkswagen Group diesel engines, Volkswagen Group MEB platform, List of Volkswagen vehicles, Volkswagen Group, Volkswagen Up, Volkswagen emissions scandal & Škoda Auto Volkswagen India, which are released under the Creative Commons Attribution-ShareAlike 4.0 International License.