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Volkswagen to Spend about half a billion euros on Digital Trucks by 2020

Volkswagen to Spend about half a billion euros on Digital Trucks by 2020

Berlin: Volkswagen`s truck division will expend about half a billion euros by the end of the decade to enhance digital features of heavy-goods vehicles as truck makers increase their focus on automation in road haulage, it said on Monday. German rival Daimler has been at the forefront of self-driving truck proponents, citing improvements in driver safety and fuel efficiency while predicting the tech to overcome legal hurdles in road freight transport. Volkswagen (VW), which begin to beef up its truck operations before its emissions scandal broke last September, is pushing digitization and new mobility technologies as part of efforts to re position itself and overcome the scandal. VW`s Truck & Bus group said it would spend a “mid-range 3-digit million-euro amount” over the next five years on digital features as it aims to advance communication of on-board sensors with automatic braking and other...
Volkswagen Strike by new Investor lawsuits in Germany

Volkswagen Strike by new Investor lawsuits in Germany

More Volkswagen shareholders came ahead to sue the German automobile comp over its emissions-cheating scandal, bringing overall damages sought so far in Germany alone to more than USD 5.6 billion. Two law firms told that, they had filed claims on behalf of VW shareholders pursuing a total of USD 2.83 billion in damages & interest. That came on top of more than USD 3.39 billion demand by 278 plaintiffs who lodged their complaint last week at the court of Brunswick, a northern city close to VW’s headquarters in Wolfsburg. VW, which until last few days, entertained ambitions of becoming the world’s largest carmaker company, has been jumped into its deepest-ever dilemma by declaration last Sep that it installed emissions-cheating software into 11 million diesel engines...
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