Latest Volkswagen AG News
California needs a million EV charging stations — but that’s ‘unlikely’ and ‘unrealistic’
California will have to build public charging stations at an unprecedented — and some experts say unrealistic — pace to meet the needs of the 7 million electric cars expected on its roads in less than seven years. The sheer scale of the buildout has alarmed many experts and...
How major US stock indexes fared Wednesday, 6/26/2024
Stocks drifted to a mixed close near the all-time highs they set last week. The S&P 500 index edged up 0.2% Wednesday. The Nasdaq composite rose 0.5%, and the Dow Jones Industrial Average edged up less than 0.1%. The majority of stocks in the S&P 500 fell. ...
General Mills, Worthington fall; FedEx, Rivian rise, Wednesday, 6/26/2024
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Wednesday: FedEx Corp., up $39.81 to $296.19. The package delivery service's fiscal fourth-quarter financial results beat Wall Street forecasts. General Mills Inc., down...
Volkswagen is recalling over 271,000 SUVs because front passenger air bag may not inflate in a crash
DETROIT (AP) — Volkswagen is recalling more than 271,000 SUVs in the U.S. because the front passenger air bag may not inflate in a crash. The recall covers certain Atlas SUVs from the 2021 through 2024 model years, and some 2020 through 2024 Atlas Cross Sport SUVs. ...
Rivian shares soar on massive cash injection from Volkswagen, starting immediately with $1 billion
Shares of Rivian soared 40% before markets opened Wednesday after Volkswagen vowed to invest $1 billion in the struggling electric vehicle maker immediately, and a potential total of up to $5 billion as part of a software development agreement. Rivian's market value soared close to...
South Carolina governor visiting Germany, a major driver of the state's economy
COLUMBIA, S.C. (AP) — South Carolina Gov. Henry McMaster is off to Germany next week to strengthen business ties that have fueled this century's economic boom in the formerly struggling Southern state. The governor is an invited guest at the TDI conference, also known as the Day of...
Senate report finds parts made with China's forced labor in cars by BMW, Jaguar Land Rover and VW
WASHINGTON (AP) — BMW, Jaguar Land Rover and Volkswagen have bought parts made by a Chinese company sanctioned under a 2021 law for using forced labor, a Senate inquiry found, prompting lawmakers to call for stricter enforcement. The automakers responded to the Senate report,...
