INDIA > Germany based Volkswagen group is set to invest 1 billion euros ($1.16 billion) in India by 2021 creating almost 5000 jobs

VW logo VW is set to invest 1 billion euros ($1.16 billion) from 2019 to 2021 which will be led by Skoda Auto. This is part of Skoda’s ‘India 2.0’ project which includes setting up engineering design and development center at Pune. The group’s two plants at Aurangabad and Pune will also be enhanced. Based on VW’s flexible MQB platform, the group More …

USA > Germany based Volkswagen is set to invest $100 million in USA based battery technology company QuantumScape

VW logo With the objective of commercialization of innovative solid- state battery technology, Germany based Volkswagen and U.S based QuantumScape partner with Volkswagen investing $100 million in QuantumScape. Volkswagen is also the largest automotive shareholder in QuantumScape and Volkswagen Group will take a seat in board of directors in QuantumScape. According to Dr. Axel Heinrich, Head of VW Group Research, who will More …

CHINA > Germany based VW Group is investing $18 billion into Chinese Joint Ventures for Automotive Technology

VW logo To seek a competitive edge in producing battery- powered, autonomous vehicles, Volkswagen AG is set to invest $18 billion in China over the next five years. According to Chief Executive Officer of VW, Herbert Diess who recently replaced previous VW CEO Matthias Mueller: “We need to speed up. Change is getting faster, more dynamic and more ambitious, especially here in More …