Mexican Media Brands
VW to Unveil “Mobility Provider” Strategy
Volkswagen AG CEO Matthias Mueller tells senior managers the company will emerge from its diesel emission scandal with determination to reshape itself into a “mobility provider,” Reuters reports.
Share
Volkswagen AG CEO Matthias Mueller tells senior managers the company will emerge from its diesel emission scandal with determination to reshape itself into a “mobility provider,” Reuters reports.
Mueller's prepared remarks indicate the plan to achieve the latter goal will be presented in mid-June. The long-term vision reflects the recognition by the auto industry that personal mobility is expanding to include more than traditional private ownership of cars.
In the meantime, VW continues to face significant financial risk from the revelation six months ago that it rigged 11 million diesels to cheat government emission standards. The scandal pushed VW into an operating loss of €4.1 billion ($4.6 billion) in 2015 as the growth in demand for VW vehicles softened.
The company also remains exposed to tens of billions of dollars in potential regulatory fines and legal settlements in the U.S. market alone. Negotiations to resolve those risks continue to dragged on.
RELATED CONTENT
-
TRW Multi-Axis Acceleration Sensors Developed
Admittedly, this appears to be nothing more than a plastic molded part with an inserted bolt-shaped metal component.
-
Jeeps Modified for Moab
On Easter morning in Moab, Utah, when the population of that exceedingly-hard-to-get-to town in one of the most beautiful settings on Earth has more than doubled, some people won’t be hunting for Easter eggs, but will be trying to get a good look at one of the vehicles six that Jeep has prepared for real-life, fast-feedback from the assembled at the annual Easter Jeep Safari.
-
Cobots: 14 Things You Need to Know
What jobs do cobots do well? How is a cobot programmed? What’s the ROI? We asked these questions and more to four of the leading suppliers of cobots.
