Enlarge / In 2026 we might well see a Red Bull F1 car powered by a Porsche hybrid powertrain. (credit: Dan Mullan/Getty Images) Rumors that Volkswagen Group is poised to enter Formula 1 have circulated for years. Every few months, often in a European car magazine, we’ll read about an unnamed VW Group board member […]
Enlarge / VW Group CEO Herbert Diess presents VW’s strategy for the next decade. (credit: Volkswagen Group) On Tuesday, Volkswagen Group revealed its new strategy for the coming decade . Under the tag line “New Auto, ” VW Group CEO Herbert Diess laid out how the company plans to increase profitability and streamline the operations […]
Enlarge / The Bugatti Chiron will be joined by new electrified models. (credit: Bugatti) For almost a year, a rumor has been circulating that Volkswagen Group plans to offload Bugatti to Croatian electric vehicle specialists Rimac. That rumor turns out to be true: on Monday Porsche and Rimac revealed that they are forming a new […]
Enlarge / Red Bull is assuming control of its own engine development next year once Honda leaves the sport. But could we see Porsche badges on the cars before too long? The rumors won’t stop swirling. (credit: Lars Baron/Getty Images) Even though we’re only two races in, this year’s Formula 1 season is already shaping […]
Enlarge / Thomas Schmall, Member of the Board of Management of Volkswagen Group for Technology, and CEO of Volkswagen Group Components. (credit: Volkswagen AG) Volkswagen Group is planning six new European lithium-ion battery factories with a total yearly output of 240 GWh once they’re all operational in 2030. It made the announcement on Monday at […]