Volkswagen is participating, with a contribution of US$620 million (about €500 million), in a financing round of its Swedish battery partner Northvolt AB with a total volume of US$2.75 billion. The Group will thus maintain its stake in the company constant at about 20 percent. The funds are to be used for capacity expansion in…
The Supervisory Board of AUDI AG fills the position of Member of the Board for Finance and Legal Affairs. Jürgen Rittersberger is set to take over the division from April 2021, while current CFO Arno Antlitz will move to the Volkswagen Group as Group CFO. Before the transition, Antlitz will publish Audi’s 2020 annual financial…