Volkswagen unveiled a new “bolder, more dynamic and masculine” model of its iconic Beetle this week – the third generation of the classic German car of which more than 20 million have been sold.
The disaster in Japan has cut deeply into the global economy, and now Germany is feeling the effects too. Car manufacturers suffering from delivery delays are considering scaling back workers’ hours, a media report said Thursday.
Luxury German carmaker Audi, a unit of Volkswagen, said Thursday its staff of 42,500 would receive an average bonus of €6,513 ($9,053) as thanks for strong results last year.
Volkswagen caused a sensation at the Geneva Auto Show this week with a long-awaited remake of its classic "Bulli" minibus, which still has a devoted cult following around the world.
Stuttgart state prosecutors are investigating high-level employees at both Volkswagen and Deutsche Telekom on suspicion of corruption between the two major German companies, a media report said Tuesday.
Carmaker Volkswagen said Tuesday it had agreed to a 3.2 percent wage hike with trade union IG Metall, setting a key benchmark for Germany's booming economy.
Germany's Volkswagen, Europe's biggest automaker, is reportedly planning to boost its workforce from 250,000 to 290,000 by 2018, with most of the new jobs to be created in China.
Germany's Volkswagen, Europe's biggest automaker, is reportedly considering launching a new car brand specifically designed for the booming Chinese market.
Two cars from Germany's Volkswagen group have driven away with the top design honours for vehicles introduced at the North American International Auto Show in Detroit.
German sportscar maker Porsche said Friday a US court has thrown out a lawsuit brought by US hedge funds claiming more than two billion dollars in damages over its failed 2008 attempt to acquire Volkswagen.
German automaker Volkswagen will invest more than €50 billion in new and improved models over the next five years in a bid to unseat Toyota as the world leader in car manufacturing.
Swedish truckmaker Scania and Germany's MAN, both of which are partly owned by Volkswagen, are considering merging, Scania said in a statement on Monday.
German new car sales should top 2.9 million vehicles this year, the industry federation VDA said on Tuesday, though its upgraded outlook still signals a sharp drop from 2009.
Volkswagen, the biggest European automaker, said on Wednesday that its third-quarter net profit leapt more than 10-fold to €2.2 billion ($3.0 billion) on strong demand and strict cost controls.
Volkswagen, the biggest European carmaker, reported Friday a strong operating profit of €4.8 billion for the first nine months of 2010 and said its full-year figure would show gains as well.
US lawsuits brought by pension funds might delay but not prevent Volkswagen's takeover of the luxury German sportscar maker Porsche, VW CEO Martin Winterkorn, said Tuesday.
German luxury sports car maker Porsche said Wednesday that it expected to turn a profit next year after posting a loss in the 2009-2010 exercise owing to its failed bid to buy Volkswagen.
Auto magnate Ferdinand Piech, head of German car giant Volkswagen and its luxury brand Porsche, will shift his holdings to foundations to ensure a smooth transition after his death, a press report said Monday.
The world-class reputation of Germany's automakers suffered a dent Tuesday as Porsche recalled all Panameras sold since the bold new four-door saloon was launched with fanfare in September.
