Hans Dieter Poetsch

VW says China agrees to bigger stake in JV with FAW

June 4, 2015 16:07 CET

China has given Volkswagen Group a green light to raise its stake in a joint venture with local partner FAW, the German company said. VW currently has a 40 percent stake in the venture....
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VW Group reports record profit on Audi, Porsche gains

Feb. 27, 2015 15:56 CET

VW Group said its operating profit rose 8.8 percent to a record 12.7 billion euros ($14.25 billion) last year on double-digit gains in sales of luxury Audi and Porsche models. The company said its sales revenue rose 2.8 percent to a new high of 202.5 billion euros....
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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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VW earnings outlook too cautious, analysts say

Oct. 31, 2014 10:54 CET

VW Group expects to post a 6 percent gain in underlying earnings this year, setting a new record, yet analysts believe the automaker is being overly cautious and can do even better....
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