Volkswagen

CHRISTIAAN HETZNER

BLOG: Piech's absence dominates VW annual meeting

6:43 am U.S. ET | May 5, 2015

Ferdinand Piech may cause VW's leadership more headaches than ever before. At VW's annual meeting today, the shadow of the VW patriarch seemed to follow CEO Martin Winterkorn wherever he went.... Read More »

VW to discuss new leadership structure as it seeks Piech successor

May 5, 2015 10:22 CET

Volkswagen's board will meet next month to discuss a new structure such as aligning individual brands more closely as the automaker seeks to return its focus to business following the shock ouster of former patriarch Ferdinand Piech.... Read More »

Lamborghini offered tax breaks to build SUV in Italy, report says

May 5, 2015 12:06 CET

Lamborghini is being offered incentives by Italy's government to make sure the automaker builds a production version of its Urus SUV concept in the country, sources said. Lamborghini sees the potential to sell 3,000 units a year of the Urus, more than doubling the brand's global volume.... Read More »

CHRISTIAAN HETZNER

BLOG: Piech's absence dominates VW annual meeting

6:43 am U.S. ET | May 5, 2015

Ferdinand Piech may cause VW's leadership more headaches than ever before. At VW's annual meeting today, the shadow of the VW patriarch seemed to follow CEO Martin Winterkorn wherever he went.... Read More »

Chinese automakers Dongfeng, FAW halt trading on merger reports

May 5, 2015 08:09 CET

Chinese automakers Dongfeng Motor, which has a 14 percent stake in PSA, and FAW Group, a joint venture partner of VW, today halted trading in shares of their listed subsidiaries, with Dongfeng saying it checked into reports that the two companies would merge.... Read More »

Bentley concept coupe aims for Aston's turf

12:01 am U.S. ET | May 4, 2015

Bentley wants a piece of Aston Martin's sports car business. It's testing the waters with a two-seat concept coupe that has received acclaim on the auto show circuit.... Read More »

VW board to discuss recruitment of new chairman, reports say

May 4, 2015 13:35 CET

Volkswagen's supervisory board was meeting to discuss finding a new chairman to fill the void left by Ferdinand Piech's departure, reports said. The meeting precedes what is likely to be a tense annual gathering of VW shareholders on Tuesday.... Read More »

VW board to discuss chairman search

7:49 am U.S. ET | May 4, 2015

Volkswagen's supervisory board today will discuss finding a new chairman to fill the void left by Ferdinand Piech's sudden departure last month, sources told Reuters.... Read More »

Audi's race to catch up with BMW hurts profit margin

May 4, 2015 11:29 CET

Audi's race to catch up with German rival BMW is hurting its profit margin. Audi's operating margin slipped to 9.7 percent from 10.1 percent a year earlier, the carmaker said today, while reaffirming its 8 percent to 10 percent target range.... Read More »

KEITH CRAIN

Piech's out at VW -- for the moment

12:01 am U.S. ET | May 4, 2015

Late last month, Ferdinand Piech resigned from his position as chairman of Volkswagen's supervisory board. Reportedly he was given the choice of resigning or being dismissed. For the first time in more than half a century, Piech is out of work -- for the moment.... Read More »

Beat goes on for Subaru, Audi, FCA

12:01 am U.S. ET | May 4, 2015

Audi, Subaru and Fiat Chrysler Automobiles kept their U.S. sales streaks alive in April. Audi marked the brand's 52nd straight monthly sales record. Subaru reported its 41st consecutive month of growth. FCA US posted its 61st straight month of year-over-year gains.... Read More »

Audi to focus on plug-in hybrids even as it plans EV to take on Tesla

12:01 am U.S. ET | May 4, 2015

Although Audi plans an electric crossover to challenge Tesla's Model X, CEO Rupert Stadler says he remains cautious about the future of electric vehicles.... Read More »

The ART of car diagnosis reaches new level at Audi

12:01 am U.S. ET | May 4, 2015

Audi's ART robot connects service staff at dealerships with Audi technical experts at the brand's corporate offices to diagnose cars that come in for service with unusual problems.... Read More »

VW power struggle is over, Lower Saxony premier says

May 3, 2015 11:41 CET

The head of the German state of Lower Saxony, which owns 20 percent of Volkswagen, said a power struggle at the automaker that led to the resignation of VW patriarch Ferdinand Piech is over. Decisions regarding the replacement of Piech and his wife, Ursula, on VW's supervisory board had been taken, the prime minister told German newspaper Bild.... Read More »

VW's Seat brand bets on SUVs for profitability

May 3, 2015 06:01 CET

Seat is mulling a family of SUVs as it seeks to boost volume and become sustainably profitable. The brand's first SUV, a compact, will go on sale next year. At the Geneva auto show last month Seat previewed the 20V20 concept, a midsize SUV that could go on sale by 2020.... Read More »

VOLKSWAGEN'S RETAIL CHALLENGE

VW refuses to cut brand's U.S. prices

12:01 am U.S. ET | May 2, 2015

Even while benefiting from a weak euro, Volkswagen Group won't try to boost the VW brand's market share in the United States by cutting prices. VW's brand sales in the US have fallen 7.5 percent so far this year.... Read More »

NEWS ANALYSIS

Why the wrong side lost in VW's battle

May 1, 2015 06:01 CET

All good dictatorships come to an end and so it is with that of Ferdinand Piech, the patriarch who has ruled the Volkswagen Group since 1993, taking it from near-bankruptcy to challenging Toyota as the world's biggest automaker. Regrettably, the wrong side has lost in the battle to succeed Piech.... Read More »

VW workers back new board members after Piech exit

May 1, 2015 20:10 CET

Volkswagen's works council has backed the automaker's choice of two new supervisory board members, appointments reportedly opposed by newly departed Chairman Ferdinand Piech.... Read More »

CAR CUTAWAY

Preh teams up with Audi on new TT's high-tech air vents

12:01 am U.S. ET | May 1, 2015

German supplier Preh teamed up with Audi to equip the TT with heating and air conditioning controls that have been fully integrated into the car's dashboard-mounted air vents. Audi offers the option of adding digital displays to the vents that show the fan speed and temperature settings.... Read More »

ANE's May e-magazine goes live Monday

May 1, 2015 06:01 CET

The latest issue of the Automotive News Europe monthly e-magazine goes live on Monday, May 4. This month's edition looks at what European automakers plan to do to keep winning in China despite the normalization of the market's growth.... Read More »

VW ex-chairman Piech challenges board nominees, report says

April 30, 2015 15:08 CET

Former VW Group Chairman Ferdinand Piech is challenging the company's choice of two of his nieces to replace him and his wife as board members, a German newspaper said. Piech is nominating former BMW and Ford executive Wolfgang Reitzle -- seen as a potential replacement chairman -- and former Siemens manager Brigitte Ederer instead, the report said.... Read More »

CHRISTIAAN HETZNER

BLOG: German automakers' bonus from weak euro may be hit by U.S. Fed shift

8:54 am U.S. ET | April 30, 2015

German carmakers and suppliers expect currency effects to add hundreds of millions to their bottom lines. But moves by the Federal Reserve to prop up the U.S. economy could strengthen the euro and hurt Daimler, VW and BMW.... Read More »

Porsche captive adds branded F&I products

12:00 pm U.S. ET | April 29, 2015

Porsche, Bentley and Lamborghini dealers in the U.S. are getting a new menu of F&I products to sell. Porsche Financial Services North America is introducing extended service contracts and other products bearing the Porsche name, plus F&I products for the Bentley and Lamborghini brands.... Read More »

VW Q1 profit rises 17% as cost cuts at core brand offset weaker Porsche, Audi earnings

April 29, 2015 08:56 CET

VW Group's first-quarter operating profit rose 17 percent, helped by cost cuts at the VW brand and a profit at Spanish unit Seat. The Audi and Porsche brands saw margins shrink on higher investments. The results provided VW with some respite after longtime Chairman Ferdinand Piech's sudden resignation.... Read More »

NEWS ANALYSIS

VW's search begins for perfect post-Piech chairman

April 27, 2015 18:09 CET

After Ferdinand Piech's resignation as chairman, VW's supervisory board has an opportunity to give stakeholders and investors clarity regarding the automaker's long-term future while simultaneously setting up the automaker for even bigger financial gains. The trick will be picking the perfect successor to Piech.... Read More »

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