German Automakers
Volkswagen group's India sales rise 85% to 101,270 units in 2022
German automotive group Volkswagen's sales in India grew 85.48 per cent to 1,01,270 units in 2022, KODA AUTO Volkswagen India Pvt Ltd said on Wednesday. The group's sales in India stood at 54,598 units in 2021. The strategy of the group, which is present in India through brands SKODA, Volkswagen, Audi, Porsche and Lamborghini, is spearheaded by SKODA AUTO Volkswagen India Pvt (SAVWIPL). "While challenges around the ongoing chip shortage and increasing input costs continued, we successfully re-calibrated, taking action with agility and speed to minimise the impact of these," SAVWIPL Managing Director and CEO Piyush Arora said in a statement. On the strategic importance of India for the VW Group, he said it is an important market for the group's global expansion plans. "There is a story of sustainable progress emerging for the group in India and from India," he said, adding the country is also emerging as a key manufacturing hub for the group. Arora further said,"Exports remain a .
 "Volkswagen group's India sales rise 85% to 101,270 units in 2022")
BMW India turns the corner, reports profit in FY22 due to high demand
The company posted its highest-ever revenue in India in FY22 at Rs 4,365.8 crore
 "BMW India turns the corner, reports profit in FY22 due to high demand")
Volkswagen CEO Herbert Diess to step down by Sept with Board consent
Herbert Diess, the CEO of the German automaker Volkswagen, is stepping down, the company announced Friday. The Wolfsburg, Germany-based company said Diess, who took over as CEO in 2018, will depart September 1 by mutual consent with the board. His contract was set to expire in 2025. Diess presided over the automaker at a time of significant change in the industry, including a shift toward producing more electric vehicles. Hans Dieter Ptsch, chairman of Volkswagen's supervisory board, thanked Diess in a statement and praised his role in advancing the transformation of the company. Not only did he steer the company through extremely turbulent waters, but he also implemented a fundamentally new strategy, Ptsch said. Oliver Blume, who is now CEO of Porsche, will succeed Diess. Volkswagen also said the company's chief financial officer, Arno Antlitz, will become the new chief operating officer.
 "Volkswagen CEO Herbert Diess to step down by Sept with Board consent")
Volkswagen delivers over 2k mid-size Virtus sedans to customers in 2 weeks
The five-seater, all-new Virtus, was launched in the country on June 9, at an introductory price of Rs 11.21 lakh (ex-showroom) to reignite the premium mid-size sedan segment, as per the company.
 "Volkswagen delivers over 2k mid-size Virtus sedans to customers in 2 weeks")
Germany's Porsche posts record revenues of 28.7 billion euros in 2020
Despite the Covid-19 pandemic, Porsche achieved record revenues of 28.7 billion euros ($34.14 billion) in the fiscal year 2020, the German sports car manufacturer announced on Friday.
 "Germany's Porsche posts record revenues of 28.7 billion euros in 2020")
Volkswagen replaces Herbert Diess as chief executive of the VW brand
Volkswagen appoints Ralf Brandstaetter as CEO of VW brand
German industrial hiring falls first time in 9 years, car sector worst hit
Meanwhile a forecast for the number of cars set to roll off German production lines this year showed the figure at a 22-year low of 4.67 million.
German automakers agree to cut emissions, update software in 5 mn cars
German govt would do all it could to avoid driving bans for diesel cars in German cities
 "German automakers agree to cut emissions, update software in 5 mn cars")
German automakers step up to Silicon Valley challenge
To combat the likes of Tesla, BMW is planning to expand its i Series line
 "German automakers step up to Silicon Valley challenge")
