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Croatia's Rimac to go public in 2022, Bugatti takeover imminent – report
News
17th Jun 2021
1 min read

Croatia's Rimac to go public in 2022, Bugatti takeover imminent – report

Croatian electric hypercar specialist Rimac Automobili will be publicly listed within the next 12 months, according to a new report from German outlet Manager Magazin. The company is said to be aiming for an initial market capitalisation of approximately €5 billion (AU$8 billion), however the the distribution of stock – and the percentage of equity floated – is yet to be confirmed.
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William Davis
Dieselgate: Volkswagen seeks damages from former CEO
News
28th Mar 2021
2 min read

Dieselgate: Volkswagen seeks damages from former CEO

Volkswagen Group has announced it will seek damages from its former CEO, Prof Martin Winterkorn, after a six-year investigation. Wintekorn was named alongside former Audi CEO, Prof Rupert Stadler, by Volkswagen Group's Supervisory Board as allegedly being the two individuals responsible for the 'Dieselgate' saga, which has resulted in the company paying an estimated $46.5 billion in fines, compensation, and vehicle buybacks.
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Ben Zachariah
Environmentally-backwards Australia becoming an “automotive third world," Volkswagen claims
News
18th Mar 2021
2 min read

Environmentally-backwards Australia becoming an “automotive third world," Volkswagen claims

Australia is at risk of becoming an "automotive third world," a local spokesperson for Volkswagen has claimed. Europe, China, Japan and the USA – where the vast majority of the world's cars are built – all have significantly more stringent emission regulations than Australia. As such, local branches and distributors report it is becoming increasingly difficult to justify the importing of newer and more environmentally friendly model variants at the expense of overseas quotas.
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William Davis
Son of former Volkswagen boss on a mission to deliver battery breakthrough – report
News
15th Jan 2021
2 min read

Son of former Volkswagen boss on a mission to deliver battery breakthrough – report

The son of a disgraced former Volkswagen boss has emerged as one of the key players in developing a new 'miracle' battery which could transform the landscape of the automotive industry. According to Business Insider Germany, Martin Winterkorn Junior reportedly turned down a job at Apple to instead be part of a major project at QuantumScape – a US start-up which enjoys backing from the likes of Volkswagen and Bill Gates.
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Ben Zachariah
Jaguar Land Rover is seeking to block Volkswagen Group SUVs in the US
News
24th Nov 2020
2 min read

Jaguar Land Rover is seeking to block Volkswagen Group SUVs in the US

Jaguar Land Rover has filed a lawsuit to block certain SUVs from the Volkswagen Group from being imported into the United States, alleging the VW Group has used its patented all-terrain technology without permission. The technology in question is called Terrain Response, which is available on Land Rover SUVs like the Discovery Sport or Range Rover, or Jaguar SUVs like the F-Pace, and allows drivers to select from several drive modes optimised for various surfaces and conditions.
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Susannah Guthrie