Martin Winterkorn

Cost-cutting VW baffles experts with Phaeton plans

Jan. 28, 2015 10:05 CET
With VW having embarked on a big cost-cutting drive, industry experts are baffled why the "people's car" maker plans to spend millions of euros upgrading the money-losing Phaeton premium sedan. Analysts say the costly car should be axed....
Read More »

 

Zetsche, other top auto chiefs to lobby for EU-U.S. trade deal

Jan. 27, 2015 21:06 CET
Daimler CEO Dieter Zetsche, Volkswagen boss Martin Winterkorn and other captains of Germany's automotive industry have gathered in Berlin today to try to rally support for a transatlantic free trade deal that faces potential collapse....
Read More »

 

VW crosses 10 million sales mark on surging China demand

Jan. 12, 2015 11:29 CET
Volkswagen has hit a sales milestone four years earlier than planned after group deliveries rose 4 percent to 10.14 million last year. Growth was boosted by demand in China....
Read More »

 

VW readies crossover blitz to help revive U.S. fortunes

8:30 pm U.S. ET | Jan. 11, 2015
Volkswagen is mobilizing an SUV and crossover offensive over the next few years to strengthen its presence in those fast-growing segments and revive the VW brand's sagging U.S. sales. A long-wheelbase Tiguan crossover assembled in North America will arrive in the market in 2017, Volkswagen CEO Martin Winterkorn said in remarks prepared for delivery today....
Read More »

 

VW said to push forward with main car-brand margin revival plan

Dec. 18, 2014 17:29 CET
Volkswagen approved projects for adding several hundred million euros to earnings in coming years in its effort to almost triple profit margins at the namesake car brand, according to sources....
Read More »

 

CHRISTIAAN HETZNER

Poached from BMW, Diess in position for VW CEO job

12:01 am U.S. ET | Dec. 15, 2014
Volkswagen's decision to poach BMW product development chief Herbert Diess to run its flagship VW brand puts the 56-year-old manager in the pole position to succeed Martin Winterkorn as head of what could soon be the world's largest automaker....
Read More »

 

VW hires BMW exec Diess to lead core car brand

Dec. 9, 2014 08:18 CET
VW Group has appointed BMW development chief Herbert Diess to its management board. Diess, 56, will take over as chairman of the VW passenger car brand from CEO Martin Winterkorn, effective Oct. 1, 2015, the company said....
Read More »

 

CHRISTIAAN HETZNER

VW's Diess takes pole position to replace Winterkorn

6:30 am U.S. ET | Dec. 9, 2014
VW's announcement that it poached BMW development chief Herbert Diess to run its flagship VW brand puts the 56-year-old manager in pole position to succeed Martin Winterkorn as VW Group boss....
Read More »

 

CHRISTIAAN HETZNER

VW's Diess takes pole position to replace Winterkorn

6:30 am U.S. ET | Dec. 9, 2014
VW's announcement that it poached BMW development chief Herbert Diess to run its flagship VW brand puts the 56-year-old manager in pole position to succeed Martin Winterkorn as VW Group boss....
Read More »

 

Audi's F1 entry subject of feasibility study, report says

Dec. 8, 2014 10:39 CET
VW Group is conducting a feasibility study under former Ferrari executive Stefano Domenicali on whether Audi should enter Formula One to challenge Mercedes, a report said....
Read More »

 

VW names veteran exec Schmall as components chief

Dec. 4, 2014 10:06 CET
VW named Thomas Schmall as the new core brand board member responsible for components – a key post that carries with it the potential for political friction with the carmaker's powerful German unions over a shakeup of parts production....
Read More »

 

VW will give more power to brands, regions

Dec. 4, 2014 09:21 CET
VW Group will give more power to brand managers and regional bosses, its labor leader said, as the company looks to address poor performance in markets such as the U.S. and Brazil....
Read More »

 

PLATFORM PUZZLE

GM, Renault, VW, others bet on megaplatforms

12:01 am U.S. ET | Nov. 3, 2014
GM, Volkswagen, Toyota and Renault-Nissan are among the automakers embracing flexible, globally compatible megaplatforms as a key to future success. Rivals that don't join them, including Fiat Chrysler, run a risk of being left behind, analysts say....
Read More »

 

Mercedes, VW to put brakes on Google's in-car data inroads

Oct. 31, 2014 10:43 CET
VW Group and Mercedes called on fellow automakers to establish separate platforms for data on vehicle use to avoid handing over sensitive customer information to Google....
Read More »

 

Daimler, VW dampen speculation about imminent CEO succession

11:02 am U.S. ET | Oct. 30, 2014
Succession is not an imminent topic at Daimler or Volkswagen, the chief executives of both carmakers said today, adding that any potential candidates would most likely come from within their respective companies....
Read More »

 

VW may use fewer temporary staff as part of cost cuts

Oct. 12, 2014 22:30 CET
Volkswagen may use fewer temporary staff as part of efforts to reduce costs by 5 billion euros ($6.3 billion), CEO Martin Winterkorn told a German magazine....
Read More »

 

Audi seeks to reduce annual costs by 2 billion euros, report says

Oct. 8, 2014 14:45 CET
Audi wants to reduce annual costs by about 2 billion euros ($2.5 billion) to safeguard profit margins, sources said. The automaker will seek to limit expenditure growth in areas such as development, purchasing and manufacturing, the sources said....
Read More »

 

Winterkorn warns EU on overburdening automakers on CO2 emissions

Oct. 1, 2014 22:00 CET
Volkswagen CEO Martin Winterkorn warned EU regulators that it would be "fatal" to overburden the auto industry with tougher CO2 emission targets before a market can develop for electric cars, plug-in hybrids and other fuel-efficient models....
Read More »

 

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Europe's slump creates new opportunities at the top

Aug. 13, 2014 06:01 CET
Europe's car sales slump took its toll on the executive ranks at automakers active in the region. Just 13 of the 37 executives who topped their organizational charts before the crisis are still there....
Read More »

 

VW suffers production woes adjusting to MQB platform, report says

July 29, 2014 16:38 CET
Volkswagen's move to add extra German production shifts for the Golf, which the company has attributed to strong demand, is also due to problems adjusting to its new MQB platform, company sources said....
Read More »

 

VW CEO to address workers about billions in planned cost cuts

1:49 pm U.S. ET | July 22, 2014
Volkswagen's CEO will address thousands of workers at its biggest plant on Wednesday as he attempts to win their support for cost cuts at the carmaker's core VW brand....
Read More »

 

VW sets sights on Apple-like model updates with speed task force

1:04 pm U.S. ET | July 16, 2014
VW plans to mimic the fast-paced rollouts of products made by the likes of Apple to adapt quicker to changing customer demands for technology in its cars....
Read More »

 

VW aims to save 5 billion euros to lift profitability

July 15, 2014 15:27 CET
VW Group plans to reduce costs at its namesake brand by 5 billion euros ($6.8 billion) by 2017 as it seeks to lift sagging profitability after efficiency gains have failed to keep pace with rising labor costs....
Read More »

 

VW targets $6.8 billion in annual cuts to close profit gap with rivals

11:18 am U.S. ET | July 15, 2014
Volkswagen AG plans to cut costs and boost productivity at the VW brand by $6.8 billion a year by 2017 to lift sagging profitability. Efficiency gains have failed to keep pace with rising labor costs, CEO Martin Winterkorn said in an internal presentation to company managers....
Read More »

 

A VULNERABLE GIANT

Volkswagen's soaring growth under Piech masks troubles

12:01 am U.S. ET | July 14, 2014
During his two-decade reign, Volkswagen Group Chairman Ferdinand Piech has created an automotive giant with broad geographic reach. But industry analysts say the No. 3 global automaker may be too vast and fractured to stay cohesive after Piech's departure....
Read More »

 

 
Newsletters & Alerts
  • Sample
  • Sample
  • Sample
  • Sample
Most Read
Special Report
Ryan Hunter-Reay races to Indy 500 winner’s circle

Ryan Hunter-Reay races to Indy 500 winner’s circle

BorgWarner’s video montage highlighting 2014 Indianapolis 500 winner Ryan Hunter-Reay. Thu., January 15
» Watch the Video