Europe’s biggest carmaker Volkswagen is set to offer employees its biggest ever success bonus this year, CEO Martin Winterkorn said in an interview published Monday.
Japan's Suzuki Motor said Friday it had ended its alliance with Volkswagen and demanded the German auto giant sell back its stake in the Japanese carmaker by November 2012.
German automakers Volkswagen and Daimler shrugged off fears of a looming economic downturn Thursday, insisting strong global demand would enable them to sharply increase full-year profits.
German automaking colossus Volkswagen plans to extend its worldwide workforce to 500,000 by 2018, CEO Martin Winterkorn announced. This would make VW the world's biggest car manufacturer.
The Japanese car company Suzuki on Friday upped the stakes in its row with Volkswagen as it served the German automaker a legal notice demanding it "remedy numerous breaches" of their ill-fated alliance.
The EU's executive Commission on Monday approved Volkswagen's acquisition of truck maker MAN, which Germany's biggest automaker eventually plans to merge with Scania.
Car makers at the world's biggest motor show, the IAA, sought on Tuesday to rise above the gathering global economic gloom, saying they were better positioned than in the last crisis three years ago.
General Motors believes its European Opel brand can easily compete with the likes of rival Volkswagen and wants to steer it upmarket, GM Europe chief Nick Reilly said on Tuesday.
Japan's Suzuki said on Monday said it had decided to end its capital and business partnership with German carmaker Volkswagen after a disagreement about ordering engines from a third party.
A merger of German automakers Porsche and Volkswagen will not be completed in 2011 as planned, but the two companies said Thursday they still intend to create a tie-up.
Global economic woes have failed to dampen the hopes of Germany's luxury car companies, with Audi and Mercedes expecting surging sales. BMW also reported a record month in August, with sales up a whopping seven percent.
German automaker Volkswagen, Europe's biggest car manufacturer, was selected Tuesday as the sector's "best performer for 2010" by a study that highlighted weaknesses of VW rivals Toyota and GM.
Europe's biggest automaker, Volkswagen, plans to invest almost €1 billion ($1.44 billion) in renewable energies over the coming years, a press report said on Friday.
German luxury car group Porsche posted Tuesday a first-half net profit of €149 million ($212 million), bouncing back from a heavy loss as it slashed massive debt with a capital increase.
Volkswagen on Thursday posted more than three-fold leaps in net profit, but its shares were still hammered as some observers wondered if the stock of Europe's biggest car maker had peaked.
Japanese automaker Suzuki is getting increasingly frustrated with its larger partner Volkswagen and is eyeing deeper ties with Italian giant Fiat, German media said Saturday.
German auto giant Volkswagen said on Friday that it made record sales of more than four million vehicles in the first half of the year, helped by booming sales to China – and it expected to do better than the market overall in the second half.
Volkswagen bowed to European Union pressure on Monday and delayed its bid to take effective control of the board of truckmaker MAN amid EU antitrust concerns.
Volkswagen has slashed prices of some of its more popular car models in an attempt to gain ground in the American market, with a Jetta on sale for less than €13,000 ($18,400) and a Passat available for €15,000 ($21,240).
Auto maker Volkswagen plans a major shift towards green energy by investing in wind farms and selling the electricity as part of a package to power its electric cars, German media reported Friday.
Europe's biggest automaker, Volkswagen, unveiled on Monday plans to advance towards a merger of truck makers MAN and Scania by increasing its holding in MAN to more than 30 percent.
Volkswagen reported a three-fold profit leap Wednesday and said it had sold two million cars in the three months from January through March, a new milestone for the biggest car maker in Europe.
Audi expects to create more than 10,000 new jobs over the coming nine years as steady growth in sales translates into an increasing need for manpower, the car maker said at the weekend.
