Audi Volkswagen announced this week that it has made changes in the company. In particular, the company is now called the Volkswagen Group Korea, and this name change is said to be in line with the German automaker's "New Auto" strategy that was revealed not long ago.
With the strategy, Volkswagen made a promise to boost synergies across its units and brands while also lessening complexity and redundancy. Korea Joongang Daily mentioned that Volkswagen Group Korea is currently managing four luxury auto brands in the country, and these are Lamborghini, Audi, Bentley, and Volkswagen.
It was said that the company has another brand but it is not yet being sold in South Korea. However, without disclosing the brand, the Volkswagen Group will be bringing this one to the country soon.
"In tandem with the group's strategy, we will focus on introducing various new and attractive models, maximizing the synergy between the group and its brands to offer a higher level of experience for our customers and laying the foundation for sustainable growth," Volkswagen Group Korea's managing director, Til Scheer, said during an online press conference earlier today.
He also said that they would be installing more electric vehicle chargers and service centers to answer to the growing demand of EV drivers in the nation. The executive said that 29 of its 79 VW service centers would be able to fix electric vehicles, and one of them would also be able to repair high-voltage EV batteries.
"Korea is much advanced in charging infrastructure. I do believe Korea is one of the countries that has the highest density of chargers," Sheer explained. "We will continue to explore ways to elevate the convenience in charging, for instance, we are offering customer-only reservation and on-demand charging service."
Meanwhile, Yonhap News Agency further reported that along with the announcement of its name change to Volkswagen Group Korea, the automaker revealed it will also be launching 22 new vehicle units, including upgraded models under its four brands and these are the Audi A3 compact, the Volkswagen ID.4 all-electric SUV, and the Q4 e-tron.


Global PCB Prices Surge Amid Middle East Conflict and Supply Chain Disruptions
Google Secures Pentagon AI Deal for Classified Projects
Micro Systemation Reports Q1 Loss Amid Strategic Investments and Revenue Growth
Dollar Holds Firm as Middle East Tensions and Central Bank Decisions Keep Markets on Edge
Brazil Blocks Prediction Market Platforms, Tightens Derivatives Trading Rules
Nippon Express Stock Jumps as Elliott Investment Signals Strong Foreign Interest in Japan Logistics Sector
Asian Stock Markets Rally as Japan and South Korea Hit Record Highs Amid Oil Price Concerns
Oil Prices Rise Amid U.S.-Iran Tensions and Strait of Hormuz Deadlock
Brazil Pension Fund Crackdown After Banco Master Collapse Raises Investment Concerns
Spirit Airlines Gains Key Creditor Support for $500M Bailout Deal
Taiwan Court Fines Tokyo Electron Unit $4.78M in Major TSMC Trade Secrets Case
Chinese Chip Stocks Surge on AI Boom and Domestic Tech Push
BOJ Rate Decision in Focus as Yen, Inflation, and Nikkei Hang in Balance
Asian Stocks Mixed as BOJ Holds Rates, Oil Prices and Fed Outlook Weigh on Markets
Trump Urges Iran to Call for Talks as War Stalemate Disrupts Oil Markets
China’s Ultra-Cheap EV Boom: Why Electric Cars Cost Far Less Than in the U.S.
Strait of Hormuz Shipping Crisis Deepens as Traffic Plunges Amid Iran-U.S. Tensions 



