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Vw Group

All articles tagged with #vw group

business3 hours ago•5 min saved

Pune-built Kylaq Could Redefine Europe’s Budget-Car Benchmark

Skoda’s Kylaq, an India-built subcompact SUV priced around €6.8k ($7.9k) and powered by a 1.0L turbo on VW Group’s MQB-A0 platform, could be exported to Europe as one of the continent’s cheapest new cars, potentially undercutting the Fabia but requiring European homologation and emissions balancing through stronger EV sales. The model has already sold over 50,000 in India, boosting VW Group India’s 2025 sales to about 70,600, while Europe remains focused on popular EVs like the Elroq and Enyaq.

via Carscoops|

#business #europe #india

business1 month ago•5 min saved

Porsche Exits Bugatti Stake as EV Ambitions Falter

Porsche is selling its stake in Bugatti Rimac and Rimac Group to a private-equity consortium led by HOF Capital, signaling a shift away from Bugatti as VW Group recalibrates its EV strategy amid slower demand for electric hypercars and broader group cost-cutting.

via Ars Technica|

#bugatti-rimac #business #electric-vehicles

business3 months ago•2 min saved

Scout Motors US Debut Delayed to 2028 Amid Tech and Financing Hurdles

VW Group says Scout Motors’ U.S. launch is pushed to 2028 due to technical issues and financial obligations; the brand, once pitched as an all‑electric revival, appears to lean toward range‑extended models, with a Blythewood, SC plant chosen partly to leverage the Inflation Reduction Act before Congress ended it in 2025; Scout has not provided a new timeline.

via The Drive|

#2028 #business #ev

business2 years ago•2 min saved

US Seizes Luxury Cars Over Banned Chinese Parts Linked to Forced Labor

Thousands of luxury Porsche, Bentley, and Audi cars have been seized at U.S. ports after it was revealed that a Chinese component used in these vehicles breaches anti-forced labor laws. The VW Group, unaware of the part's origin, has notified U.S. authorities and is investigating the matter, with potential termination of supplier relationships. The problematic component, originating from 'western China,' is part of a larger control unit and impounded vehicles include around 1,000 Porsche models, hundreds of Bentleys, and several thousand Audi models. VW has started fixing the affected cars, but clearing the backlog could take several weeks.

via CarScoops|

#business #chinese-component #forced-labor