Volkswagen

German court dismisses hedge funds' suit against Porsche holding company

March 26, 2015 16:21 CET

A German court has dismissed claims brought against Porsche SE by hedge funds seeking $1.3 billion in damages over its botched attempt to take over Volkswagen in 2008....
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Automakers in race to double range of affordable EVs

1:52 pm U.S. ET | March 25, 2015

Automakers are readying a new generation of mass-market electric cars with more than double the driving range of today's Nissan Leaf, betting that technical breakthroughs by big battery suppliers will jump-start demand and pull them abreast of Tesla....
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Mercedes GLC crossover sheds GLK box

11:30 am U.S. ET | March 24, 2015

The Mercedes-Benz GLK crossover becomes roomier and sheds its old-fashioned square shape for a more modern design when it becomes the GLC this fall. It will have a longer wheelbase and wider track, giving it more interior room and making it more competitive with the BMW X3 and Audi Q5....
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Volkswagen will cut production, jobs at Russian plant

March 23, 2015 11:55 CET

Volkswagen said it will reduce shifts and lay off at least 150 workers at its car plant in Kaluga, Russia, as demand shrinks. The company builds Audi, VW and Skoda cars in Kaluga....
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PUT ON A BOLD FACE

VW turns up design so crossovers will hit right note in U.S.

12:01 am U.S. ET | March 23, 2015

The next crop of Volkswagens coming to the United States will convey a more aggressive design message. The strategy stems from a rethinking that is forcing VW to venture beyond the conservative styling that has worked so well in Europe and China....
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CHRISTIAAN HETZNER

BLOG: Porsche boss Mueller, 62, says he's young enough to be VW Group CEO

12:01 am U.S. ET | March 20, 2015

Porsche CEO Matthias Mueller says he's young and fit enough to succeed Martin Winterkorn as head of the VW Group. Winterkorn's successor is perhaps the biggest question mark surrounding the midterm future of the multibrand automaker....
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Audi has no plans for rival to BMW's minivans

March 20, 2015 06:01 CET

Audi development boss Ulrich Hackenberg says the automaker does not need minivans to reach its target of 2 million annual sales -- in contrast to BMW, which has launched two compact minivans to help attract family buyers....
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VW hit by second Chinese TV expose in a week, this time over engine leaks

7:42 am U.S. ET | March 18, 2015

China's main state-owned television network struck out against Volkswagen AG in its second expose targeting the company this week, alleging this time that it overlooked dangerous engine leaks in its Chinese cars....
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VW finance arm eyes record profit in 2015, CEO says

March 18, 2015 12:34 CET

Volkswagen's finance division is targeting 2015 operating profit that will not be below last year's record result of 1.7 billion euros ($1.80 billion), its CEO Frank Witter said....
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Porsche SE faces payment of 428 million euros in tax arrears

March 18, 2015 12:10 CET

Porsche SE is facing the payment of 428 million euros ($454 million) in tax arrears this year dating back to the period when the company tried to take over Volkswagen. The payment may shrink Porsche SE's net liquidity and cap dividend payouts, finance chief Hans Dieter Poetsch said....
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VW Chairman Piech, Porsche family on witness list in hedge-fund lawsuit

March 18, 2015 11:35 CET

VW Group Chairman Ferdinand Piech and Porsche SE Chairman Wolfgang Porsche are among 21 people who will be asked to testify by a German court in a 1.8 billion euro lawsuit filed by two U.S. hedge funds....
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China's FAW chairman faces gov't graft probe

March 17, 2015 13:18 CET

Xu Jianyi, the chairman of China's FAW Group, which makes cars with Volkswagen and Toyota, is being investigated by the Communist Party anti-graft watchdog....
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Skoda CEO Vahland urges Czech euro adoption when Greek crisis ebbs

March 16, 2015 21:17 CET

The Czech Republic will benefit from adopting the euro and should join the monetary union after the Greek debt crisis calms down, Skoda CEO Winfried Vahland said. Skoda is the country's largest industrial company and the country's main exporter....
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OUT OF THEIR LEAGUE

'Tier 2' luxury brands struggle to compete with elite Germans, Lexus

12:01 am U.S. ET | March 16, 2015

Lincoln, Acura, Cadillac and Infiniti are struggling to make inroads against Lexus and a trio of German powerhouses – BMW, Mercedes and an ascending Audi. An enviable combination of global reach, strong residual values and rock-solid brand images is creating a world of U.S. luxury haves and have-nots....
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VW, Mercedes, JLR, Nissan targeted by China TV show

March 16, 2015 11:43 CET

Volkswagen, Mercedes and Nissan said they are probing allegations aired by Chinese state TV that they oversold repairs and spare parts to drivers. Media criticism can dent reputations and drag on sales in the world's biggest auto market....
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Skoda profit jumps 46% in 2014 on record sales

March 16, 2015 14:39 CET

Skoda raised net profit by 46 percent to 665 million euros in 2014 after selling more than 1 million cars for the first time in its history....
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Audi plans 2 new crossovers, joins VW with plug-in hybrids

12:01 am U.S. ET | March 16, 2015

Audi will add two crossovers to its lineup - one big and one small - and Volkswagen will offer new plug-in hybrid variants of several nameplates, company executives said last week. In 2016, Audi will launch an entry-level crossover called the Q1 positioned beneath the subcompact Q3, CEO Rupert Stadler said....
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Where America met the Beetles

12:01 am U.S. ET | March 15, 2015

New Milford Volkswagen, one of America's earliest VW dealerships, is closing its doors in April, after nearly 65 years of operation at the site of a former Amoco station in rural western Connecticut....
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VW near deal to sell LeasePlan, sources say

March 15, 2015 13:34 CET

VW Group and German private bank Metzler are nearing an agreement to sell Dutch fleet-management company LeasePlan for about 3 billion euros ($3.16 billion) to a group led by private equity firm TDR Capital....
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Porsche may add electric car to challenge Tesla

5:53 am U.S. ET | March 13, 2015

Porsche may expand its growing lineup with a battery-powered vehicle to cater to demand for cleaner luxury vehicles and counter the rise of Tesla....
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Audi plans to give EVs stand-out looks

March 12, 2015 06:01 CET

Audi wants its future electric vehicles to stand out from its conventionally powered models by giving them their own design language, the automaker's development chief said....
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VW identifies half of planned 5 billion euros in cuts

March 12, 2015 11:50 CET

VW Group has identified cost cuts worth about half of the planned 5 billion euro ($5.29 billion) target at its core passenger-car brand. VW could discontinue its three-door Polo as part of the savings program, CEO Martin Winterkorn said, a move that would save millions....
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Volkswagen plans on hybrids while it waits for longer-range batteries

1:07 pm U.S. ET | March 12, 2015

The Volkswagen Group plans to offer plug-in hybrid powertrains on most of its models before longer-range batteries become a reality. Audi will offer plug-in hybrid versions of the Q7 SUV, A7 and A8 sedans while the VW brand will launch a plug-in Touareg SUV and Phaeton flagship sedan in global markets, VW Group CEO Martin Winterkorn said at the automaker's annual media conference today....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

BMW, VW changes shake up Germany's top auto ranks

March 11, 2015 06:01 CET

When Harald Krueger becomes CEO at BMW Group and Herbert Diess takes over as boss of the VW brand this year, four of the six heads of Germany's biggest automotive brands will be in their early or mid-50s, marking a generational shift for the industry....
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Skoda's 2018 sales goal at risk on Russia slump

March 11, 2015 06:01 CET

Skoda may need an extra year to reach its target of selling 1.5 million vehicles annually because of Russia's slumping car market, sales chief Werner Eichhorn told Automotive News Europe. The current deadline is 2018....
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