1978 Volswagen Bus/vanagon on 2040-cars

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Skoda plans big investment into electric cars as part of rebound effort

PRAGUE — Czech carmaker Skoda, part of the Volkswagen Group, said on Wednesday it would invest around 2.5 billion euros over the next five years on future technologies, with more than half going to electric vehicle investment. The Czech Republic's largest exporter is hoping for a rebound in 2021 from a global car sales drop but faces uncertainty over the coronavirus pandemic and a semiconductor shortage rattling the industry. "This year is likely to be another big challenge," finance director Klaus-Dieter Schuermann said. "We expect Skoda Auto's group performance to improve, with sales revenue significantly above the level of last year." Skoda reported on Wednesday a 54.5% drop in 2020 operating to 756 million euros ($894 million). Sales revenue dropped 13.8% to 17.1 billion euros. Global deliveries remained above 1 million cars for a seventh straight year despite a 19% drop after production outages at the outset of the pandemic and a fall in China, its biggest single market. Chief Executive Thomas Shaefer said the car company was managing the semiconductor shortage "but it will follow us for awhile" and the impact was not visible yet. Skoda's core market in Europe would be electric in the future, Shaefer said, although it was still not time to completely switch away from traditional models, which include the launch last year of a new generation of its flagship Octavia model. It has also started production of the all-electric Enyaq iV model, which is a version of Volkswagen's ID.4. Skoda plans investments of 1.4 billion euros into electromobility development as part of its five-year investment plan. Investments will also go into digitalization activities and plant modernization. Related video: Green Volkswagen Skoda Electric

Volkswagen CEO Winterkorn Out, Rebuilding Begins | Autoblog Minute

CEO Dr. Martin Winterkorn resigns amid Volkswagen emissions scandal. The world's top selling automaker must now work to regain public trust. Volkswagen Diesel Vehicles Autoblog Minute Videos Original Video vw diesel scandal martin winterkorn

Jack Kevorkian's old van up for sale in Detroit [w/video]

With Halloween fast approaching, a Detroit pawnshop is offering a macabre automotive memento to park in your garage – Dr. Jack Kevorkian's Volkswagen Bus (pictured above in 1990). The van is currently a broken-down heap with the interior a mess, but the title and registration proves Dr. Kevorkian's ownership. The pawnbroker is hoping to get $40,000 for the ghoulish ride, according to an interview with Fox 2 News. If you're unfamiliar, Dr. Kevorkian rose to prominence in the '90s when he helped with 130 assisted suicides. It earned him the nickname Dr. Death, and he was eventually convicted of second-degree murder in 1999, serving eight years in prison. He died in 2011. Kevorkian's VW has had quite a history. The van was reportedly due to be destroyed in 1997 but somehow avoided the crusher. A retired VW parts dealer put the bus on eBay in 2010, but the vehicle was removed for violating the site's policy against selling "murderabilia." The VW eventually went to auction, but this report said that it hasn't moved in over two years. The video below shows the decrepit vehicle currently, and the gallery above has period photos from the Associated Press. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.