VW eyes China growth to ease pain in EuropeApril 30, 2013 06:01 CET  Volkswagen expects sales in China this year to outpace total sales volume in the market, which the carmaker believes will increase 6 percent to 8 percent. In Europe, the automaker remained resilient to a recession in its home region as high-end sales from its newly-intergrated Porsche unit help offset a drop in deliveries at the carmaker's core mass-market brand.... Read More »
Volkswagen's start to year is worse than in 2012, Poetsch saysFeb. 25, 2013 09:49 CET  Volkswagen CFO Hans Dieter Poetsch predicted the first quarter would be worse than a year earlier, adding to a forecast last week that VW's 2013 operating profit probably wouldn't increase as Europe's auto market shrinks.... Read More »
VW sells 2.5 billion euros in bonds to raise cash after buying Porsche, DucatiNov. 6, 2012 12:49 CET  Volkswagen has sold 2.5 billion euros ($3.2 billion) in bonds in order to boost liquidity after recently adding Porsche and Ducati to its brand portfolio. Analysts said the money may be used to complete the takeover of German truckmaker MAN SE, which VW already controls.... Read More »
GLOBAL MONTHLY Automakers target Europe plant closures to stop the bleedingOct. 22, 2012 06:01 CET  With Europe in the midst of a five-year sales slump that is not forecast to end until 2015 at the earliest, volume automakers are taking dramatic steps to stop bleeding cash. This has put thousands of jobs and nearly a half dozen plants at risk, but that is the price some automakers will have to pay if they want to survive.... Read More »
Bentley, Lamborghini may delay SUVs, sources sayOct. 11, 2012 13:12 CET  Bentley's and Lamborghini's plans to launch superluxury SUVs may be put on hold to save cash for parent VW Group, company sources said, in a sign that Europe's economic crisis even is beginning to cause pain at the German auto giant.... Read More »
VW says some automakers may go bankrupt without government helpSept. 27, 2012 09:27 CET  Volkswagen Chief Financial Officer Hans Dieter Poetsch said some European competitors are at risk of going out of business without government financial assistance as the region's auto market sinks with no end in sight to the downfall. French automaker executives were also pessimistic about the European market.... Read More »
VW: Some European automakers may go bankrupt without government aid 3:27 am U.S. ET | Sept. 27, 2012  Volkswagen CFO Hans Dieter Poetsch said some European competitors are at risk of going out of business without government financial assistance as the region's auto market sinks with no end in sight to the downfall. French automaker executives were also pessimistic about the European market.... Read More »
Porsche profit jumps on 911 demand as VW purchase nearsJuly 27, 2012 11:49 CET  Porsche said first-half profit jumped 21 percent on demand for the new-generation 911. Operating profit rose to 1.26 billion euros from 1.05 billion euros a year earlier. Porsche posted a profit margin of 18.7 percent in the first half, beating VW Group's 6.8 percent return on sales.... Read More »
Audi gets new sales, purchasing, development bosses as part of VW shake-upJune 2, 2012 15:04 CET Volkswagen CEO Martin Winterkorn replaced three Audi board members and added a board level post for China as part of a shake-up of top management to push forward his growth plans for the automaker.... Read More »
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