By , , WASHINGTON (Reuters) -Volkswagen AG’s U.S. unit apologized on Wednesday after a false statement it issued about a name change was widely slammed on social media.The company acknowledged that the false announcement - claiming it would rename its U.S. operations as ‘Voltswagen of America’ - had “upset some people and we are sorry about any confusion this has caused.”The stunt, which came just ahead of April Fool’s Day on the first of the month, when companies often release prank statements, was meant to call attention to its electric vehicle efforts, the carmaker said.The statement was...…By , , WASHINGTON (Reuters) -Volkswagen AG’s U.S. unit apologized on Wednesday after a false statement it issued about a name change was widely slammed on social media.The company acknowledged that the false announcement - claiming it would rename its U.S. operations as ‘Voltswagen of America’ - had “upset some people and we are sorry about any confusion this has caused.”The stunt, which came just ahead of April Fool’s Day on the first of the month, when companies often release prank statements, was meant to call attention to its electric vehicle efforts, the carmaker said.The statement was...WW…

By , FRANKFURT (Reuters) - Volkswagen wants electric vehicles to make up the majority of European sales for its core brand by 2030, it said on Friday, the latest carmaker to accelerate the shift towards battery-powered models.Fully electric vehicles are expected to account for more than 70% of its total European vehicle sales by 2030, compared with a previous target of 35%, the world’s second-largest carmaker said as it unveiled its ‘Accelerate’ strategy.“With Accelerate we are increasing the speed on our path to a digital future,” said Ralf Brandstaetter, who heads the Volkswagen brand and...…By , FRANKFURT (Reuters) - Volkswagen wants electric vehicles to make up the majority of European sales for its core brand by 2030, it said on Friday, the latest carmaker to accelerate the shift towards battery-powered models.Fully electric vehicles are expected to account for more than 70% of its total European vehicle sales by 2030, compared with a previous target of 35%, the world’s second-largest carmaker said as it unveiled its ‘Accelerate’ strategy.“With Accelerate we are increasing the speed on our path to a digital future,” said Ralf Brandstaetter, who heads the Volkswagen brand and...WW…

By , FRANKFURT (Reuters) - Volkswagen wants electric vehicles to make up the majority of European sales for its core brand by 2030, it said on Friday, the latest carmaker to accelerate the shift towards battery-powered models.Fully electric vehicles are expected to account for more than 70% of its total European vehicle sales by 2030, compared with a previous target of 35%, the world’s second-largest carmaker said as it unveiled its ‘Accelerate’ strategy.“With Accelerate we are increasing the speed on our path to a digital future,” said Ralf Brandstaetter, who heads the Volkswagen brand and...…By , FRANKFURT (Reuters) - Volkswagen wants electric vehicles to make up the majority of European sales for its core brand by 2030, it said on Friday, the latest carmaker to accelerate the shift towards battery-powered models.Fully electric vehicles are expected to account for more than 70% of its total European vehicle sales by 2030, compared with a previous target of 35%, the world’s second-largest carmaker said as it unveiled its ‘Accelerate’ strategy.“With Accelerate we are increasing the speed on our path to a digital future,” said Ralf Brandstaetter, who heads the Volkswagen brand and...WW…

By , , They said the German carmaker is looking to make Lamborghini a more independent unit within its stable of car brands and is discussing long-term supply deals, both steps which would make it easier to carry out an initial public offering (IPO).“This is a first step which gives VW the option to list the unit further down the line,” one of the sources familiar with the discussions about the future of Lamborghini told Reuters.The source said there was no formal decision to divest Lamborghini and the timetable of any deal remained unclear.A second source familiar with the talks about...…By , , They said the German carmaker is looking to make Lamborghini a more independent unit within its stable of car brands and is discussing long-term supply deals, both steps which would make it easier to carry out an initial public offering (IPO).“This is a first step which gives VW the option to list the unit further down the line,” one of the sources familiar with the discussions about the future of Lamborghini told Reuters.The source said there was no formal decision to divest Lamborghini and the timetable of any deal remained unclear.A second source familiar with the talks about...WW…