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More Posts on Volkswagen
With greater support from governments worldwide and increasing adoption of electric vehicles, these two leading players are expected to experience a positive run in the near term.
The German automaker may surpass Tesla as the best selling electric vehicle maker as soon as this year.
The company's active interest in the electric vehicle industry since mid-2020 has caught investors' eyes.
Analysts say this German automaker, along with Tesla, will dominate the electric car market by 2025.
Audi involvement speculated in Volkwagen's ongoing Deiselgate emissions scandal.
A highly modified Beetle LSR reached 205mph.
Audi will boost spending on digital technologies and electric cars over the next decade, sources at the German carmaker said.
The settlement stems from VW's admission in September that it intentionally misled regulators by installing secret software that allowed U.S. vehicles to emit up to 40 times legally allowable pollution.
As part of the settlements, Volkswagen will to help boost zero emissions vehicles and introduce a program to offset excess diesel pollution from the offending vehicles.
Europe's largest automaker will this month unveil a new business strategy aimed at improving accountability and speeding up model development, with greater investments in electric cars, new technologies and mobility services among the key elements, company sources have said.