Martin Winterkorn

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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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VW to invest 2 billion euros to build new China plants

July 7, 2014 10:50 CET
VW says it will invest 2 billion euros ($2.7 billion) to construct two new vehicle plants in China. The move is part of a wider plan by the carmaker to invest 18.2 billion euros in its No. 1 market through 2018....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

VW's struggles in key markets threaten momentum as post-Piech era looms

July 7, 2014 06:01 CET
VW Group Chairman Ferdinand Piech has succeeded in creating an automotive giant with huge cash reserves. However, problems gaining a foothold in key markets and a delicate power balance could threaten VW after Piech departs....
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Walter de Silva: Italy's loss, VW's gain

6:37 am U.S. ET | June 13, 2014
Walter de Silva had to leave Italy to become a legend in the vehicle design world. It's a common story in a country that fails to nurture its best and brightest....
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Seat brand will build SUV at Skoda factory, CEO says

June 6, 2014 10:48 CET
Seat's SUV will be built at a plant run by sister brand Skoda, the Spanish unit's CEO, Jurgen Stackmann, said....
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Canadian dealer buries a Jeep, hires an ambassador and puts on the Ritz

Canadian dealer buries a Jeep, hires an ambassador and puts on the Ritz

At Bay King Chrysler, Dodge, Jeep, Ram in Hamilton, Ontario, dealer Jamie Richter has put luxury-hotel touches in his new showroom. They include concierges who see to the needs of service customers. Mon., December 15
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