Spending

Rolls-Royce's China sales drop on luxury crackdown

June 25, 2015 10:39 CET

Rolls-Royce sales are being hit by a "cool wind blowing in China," said the executive in charge of the ultraluxury brand, as the nation's wealthy pull back from ostentatious purchases amid a government crackdown on conspicuous consumption....
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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....
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Russia boosts auto industry aid to $424 million

March 23, 2015 17:24 CET

Russia plans to spend more than 25 billion rubles ($424 million) in state funds to support its ailing auto industry, increasing the amount of aid it allocated last week....
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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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Audi sees lower profitability as it invests to boost sales

March 10, 2015 12:31 CET

Audi is targeting another year of record car sales in 2015, but said profitability could slip further amid spending on technology, foreign expansion and plans to increase its model range to 60 vehicles by 2020....
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CHRISTIAAN HETZNER

BLOG: Has VW scored an own goal bankrolling its soccer club?

10:05 am U.S. ET | Feb. 6, 2015

With Volkswagen looking to save 5 billion euros in costs at its core VW brand and key wage negotiations with its German workforce just starting, is it sensible to use shareholder money to subsidize a soccer club's ambitions for a top-flight title?...
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VW targets 'significant' savings by reducing variety of parts

Jan. 21, 2015 16:36 CET

Volkswagen Group plans to boost profitability by scaling back the range of components at its main VW brand. Reducing the variety of parts used in VW vehicles will offer "significant savings potential," finance chief Hans Dieter Poetsch said....
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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

BLOG: Volkswagen raises the stakes in China

9:22 am U.S. ET | Nov. 21, 2014

Volkswagen's investment plans for the next five years tell one story very clearly – the company is becoming ever more dependent on growth in China in its bid to overtake Toyota as the world's No. 1 carmaker....
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VW will invest 86 billion euros chasing Toyota

Nov. 21, 2014 12:57 CET

Volkswagen will invest 85.6 billion euros ($106 billion) over the next five years on new vehicles, technology and factories as it tries to pass Toyota and become the world's largest automaker....
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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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BMW, Audi, Mercedes help boost U.S. car sales with incentives

Sept. 4, 2014 11:44 CET

BMW, Audi and Mercedes all offered generous discounts to U.S. auto buyers in August that helped drive sales to the best month in eight years. Spending by vehicle averaged $4,912 at BMW last month, followed by $4,189 for Mercedes and $3,236 for Audi....
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