Volkswagen seems committed to increase its renewable energy production as it plans to invest close to €1 billion ($1.44 billion) over the next two years, according to a report from Financial Times Deutschland.
This is a significant increase compared to the end of June announcement of a €600 million ($868 million) investment. VW is, reports the newspaper, interested in buying at least two offshore windparks and it is possible that it will announce a partnership with windpark developer Windreich before the end of 2011.
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Reports
- Toyota Warns Suppliers to Lower their Prices, or Else…
- Vauxhall's VXR8 Sport Saloon Wins MPG Marathon Award, No Really
- Slowing Demand in China Forces Luxury Carmakers Like BMW to Offer Big Incentives
- GM Says Opel Astra Convertible's Replacement to be a Standalone Model Like the VW Eos
- McLaren Delays MP4-12C Deliveries to Fix Software Glitch
- New VW Up! Priced From £7,995 in the UK, Available to Order Now
- This is how Ferrari Introduced its New FF GT in South Korea
- Say Again? Saab 9-5 Sedan 2.8V6 Turbo Named Car of the Year in Singapore
- Awesom-O: TomTom Navigation Launches Top Gear Voice Pack with Jeremy Clarkson [Video]
- Judge Rules in Favor of BMW Dealer who Fired Employee Over Facebook Posts
- Rumors: 2013 Cadillac ATS Sedan to Receive New 2.0-liter Turbo Engine
- 2012 Nissan 370Z gains Standard Oil Cooler, Base Manual Model Dropped from Roadster Range
- Ferrari CEO Says Enzo Replacement Coming Next Year, may get V12 Hybrid
- 1955 Mercedes 300SL Gullwing Special Edition Abandoned in Santa Monica Garage for 40 Years!
- What a Joyride: Cops Try to Stop Stolen JCB Forklift
- China's Geely, Owner of Volvo, Denies Interest in Buying Saab
- New Mazdas to Use "Super-Strong" Bumpers Starting with the 2012 CX-5
- Renault to Increase Output of its Brazilian Factories by 100,000 Units in 2013
- 168,000 VW Jetta, VW Golf and Audi A3 Diesel Models Recalled in the U.S. Amidst Fire Concerns
- The Story of a Man who Bought the Rights to the Auto Avio Construzioni Name Only to be Sued by Ferrari
- Report: Saab has Yet to Receive Chinese Funds
- California Wants Dealers to Put Red Stickers on Damaged Vehicles
- GM PR Tweets that the 2012 Camaro ZL1 Laps the Nürburgring in 7:41.27
- Honda to Reduce Production in Japan by 50% Over the Next Decade
- Toyota Maintains World’s Number One Spot in Global Value Report
Ecology
- Vauxhall's VXR8 Sport Saloon Wins MPG Marathon Award, No Really
- Obama Administration Pushes Back Announcement on 54.5 mpg CAFE Regulations
- ACEA Wants Carmakers to Adopt Standardized Charging Plugs for EVs
- Toyota Invests in Safety, Demonstrates Hybrid Synthetic Sound Alert and More
- Microbe Promises to Turn Old Newspapers into Bio-Fuel
- How Google Is Putting the “G” In Green
- Mad (Cow) Science: How Canadians Plan to Turn High-Risk Proteins into Bio-Plastic
- Hyundai to Display Fuel Cell Electric ix35 at UK's EcoVelocity
- Michigan Representatives Say 56 mpg Target Will Lead to Unemployment, Urge President Obama to Reconsider
- Life After Death: Automakers Find New Uses for Electric and Hybrid Vehicle Batteries
- Spanish City Offers Lifetime Tram Passes in Exchange for…Cars
- Robocarpocalypse Begins: Nevada Asks DoT to Draw Up Legislation for Driverless Cars
- Greenpeace wants to Turn VW Away from the Dark Side, Launches Spoof Star Wars Ads
- Study Says 2020 EPA Targets can be met with Gasoline Engines
- French Car Rental Firms Cry Foul Over Government-Funded EV Rental Scheme in Paris
- It’s a Sedan, It’s a Hatchback, It’s a Portable Greenhouse: Antti Eskeli’s Maininki
- Honda CR-Z Hybrid Racer Ready for Demonstration Runs at Le Mans
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VW
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- New VW Up! Priced From £7,995 in the UK, Available to Order Now
- 168,000 VW Jetta, VW Golf and Audi A3 Diesel Models Recalled in the U.S. Amidst Fire Concerns
- 2012 Volkswagen Golf R with 256-Ponies Priced from $33,900* in the U.S.
- Video: Sleeper 1978 VW Beetle Packs a 5.7-liter V8 Super Punch
- New Seat Mii: Volkswagen Up! City Car Spawns Third Derivative
- Bob Lutz Says General Motors, Volkswagen and Hyundai are the World's New Big Three
- Make LEGO Models, Not War: Hippie-Inspired VW Camper Van
- VW Boss Caught on Film Impressed by the Hyundai i30’s Quality, Displeased with his Staff
- Bugatti Boss Says Galibier Hyper-Saloon on Track but Design has Changed "Significantly"
- VW Stands by its Allegations, Says Suzuki is “Being Theatrical”
- Suzuki Tells Volkswagen to Take Back Statements on Breached Contract or Else…
- SCOOP: Facelifted 2012 Skoda Superb and Octavia Snapped Testing in the Alps
- Volvo Says Dankeschön to Germans for Ranking the Brand First in Customer Satisfaction
- VW Delivers its First N.A. 2012 Passat to Local Chattanooga Woman
- Video: Volkswagen Unleashes Guerilla Campaign for Small Up! City Car
- Company Launches CD with Original Volkswagen Beetle Sounds
- IAA 2011: Volkswagen Pays Tribute to Fender with New Beetle Concept
- VW Wants Number One Spot, Will Invest US$86 Billion to Achieve its Goal
- IAA 2011: New Polo R is VW’s WRC Weapon of Choice
- IAA 2011: Volkswagen's Single-Seater NILS EV Concept
- IAA 2011: VW Unveils a Handful of Up! Concepts Including GT, EV and Crossover Variants
- IAA 2011: Skoda MissionL Concept Previews New Compact Sedan [Updated Gallery]
- IAA 2011: Volkswagen Beetle R Concept Hints at 260HP+ Production Model
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