An automobile manufacturer, Volkswagen, has expressed its desire to expand its operations to Nigeria and deepen investment in Africa. The Chief Executive Officer, Volkswagen South Africa, Thomas Schaefer, stated this at the Edo Automotive Investment Forum held in Benin on Thursday. Schaefer explained that the automotive industry was playing an important role in South Africa’s […]
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Leading carmakers including Volkswagen and Toyota pledged on Wednesday to uphold ethical and socially responsible standards in their purchases of minerals for an expected boom in electric vehicle production. Demand for minerals such as cobalt, graphite and lithium is forecast to soar in the coming years as governments crack down on vehicle pollution and carmakers […]
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Volkswagen will invest 22.8 billion euros ($26.9 billion) in its main car brand over the next five years, it said on Saturday, a day after it announced a spending programme aimed at bolstering its position as a maker of electric cars. Most of that sum, around 14 billion euros, will be spent in Germany, Volkswagen […]
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Volkswagen said fourth-quarter profit and sales at its largest division may keep growing on cost cuts and demand for new models, after core earnings doubled in the July-to-September period. Operating profit at VW’s namesake brand in the three months ended Sept. 30 doubled to 728 million euros ($847 million) as the unit pushes cost reductions […]
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