Volkswagen
Volkswagen to Launch In-Car AI Chatbot Service with ChatGPT in the US Tomorrow
September 05, 2024 – Volkswagen announced in a press release on September 3rd that it will begin integrating OpenAI’s ChatGPT AI chatbot service into multiple car models starting tomorrow, September 6th. During the CES 2024 event in January of this year, Volkswagen made headlines by declaring its intention to incorporate ChatGPT into its vehicles, thereby…
Volkswagen Mulls Closing German Factories in Historic Move to Cut Costs
September 03, 2024 – According to a report by Bloomberg, the Volkswagen Group is contemplating the closure of its German factories as a measure to further reduce expenses. The potential measures, outlined in a statement released on Monday, are targeted at Volkswagen’s primary passenger car brands as well as other group entities. Additionally, the company…
German Antitrust Authority Gives Green Light to Volkswagen-Rivian Joint Venture
July 30, 2024 – The German antitrust regulatory authority, the Bundeskartellamt, announced on July 29 local time that it has approved the establishment of a 50%-50% joint venture between Volkswagen and the American automotive startup Rivian. The regulator also gave the nod for Volkswagen to acquire a minority stake in Rivian. Volkswagen had previously declared…
Volkswagen CFO Advocates Cost Reduction Over Tariffs to Compete With Chinese EVs
May 27, 2024 – According to a report by Bloomberg, Arno Antlitz, the Chief Financial Officer of Volkswagen, stated this week that imposing higher import tariffs on Chinese-made electric vehicles by the European Union would only provide a “temporary breather.” In the long run, he emphasized, cost reduction remains the essential condition for maintaining competitiveness….
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