Volkswagen

Car retailers face big changes, deep cuts to regain profitability

June 18, 2015 06:01 CET

Dealers can't make money by solely focusing on new cars any more, Audi's director of sales strategy says. Meanwhile, the head of analyst group ICDP says that Western Europe's car retail network needs to shrink by 20,000 stores. Both shared their views during a panel on the future of vehicle retailing....
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Audi, BMW, Mercedes favored by Nokia for maps deal, report says

June 18, 2015 10:39 CET

Nokia favors selling its HERE maps unit to Audi, BMW and Mercedes although price differences remain, according to sources. Final bids are due this week on the business, which supplies maps data for about 80 percent of cars with in-dash navigation systems in North America and Europe....
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Hyundai to hire Donckerwolke to succeed Schreyer, report says

June 17, 2015 11:31 CET

Hyundai Motor will hire Volkswagen Group veteran Luc Donckerwolke to succeed Peter Schreyer as head of design for the Hyundai and Kia brands, a report said....
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VW's Winterkorn tells staff of coming reorganization

June 17, 2015 14:27 CET

Volkswagen Group CEO Martin Winterkorn told staff about a planned restructuring that will give the automaker's brands and regional chiefs more responsibility to make the company more responsive to industry and customer changes....
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VW CEO vows to delegate more responsibility to brands, regions

8:12 am U.S. ET | June 17, 2015

Volkswagen CEO Martin Winterkorn vowed to delegate more responsibility to the group's brands and regional chiefs to make the company more responsive to industry and customer changes....
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Audi engine chief leaving amid EV push, pressure from Mercedes

2:25 pm U.S. ET | June 16, 2015

Audi's engine development chief is leaving the company just as the luxury brand is pushing into electric vehicles and faces growing competition from its German peer Mercedes-Benz....
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Audi's engine chief quits, adding pressure amid rising competition from Mercedes

June 16, 2015 19:03 CET

Audi's engine development chief, Stefan Knirsch, is leaving the company just as the brand is pushing into electric cars and faces growing competition from rival Mercedes....
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Audi sales rise 1.2% in May as Europe, U.S. gains offset China slide

June 15, 2015 12:09 CET

Audi's global vehicle sales rose by 1.2 percent in May as gains in Europe and the U.S. offset lower volume in China. Audi sales in China fell 1.6 percent, the first drop in the carmaker's biggest market since February 2013....
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VW Group to be revamped into 4 holding companies, reports say

June 15, 2015 09:46 CET

Volkswagen's corporate structure will be reorganized into a decentralized system with four holding companies for the group's brands, reports said. VW Group's 12 brands include Porsche, Bentley and Audi as well as the volume marques VW, Skoda and Seat....
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Porsche defeats Audi at 83rd Le Mans endurance race

June 15, 2015 12:32 CET

Porsche won the Le Mans 24-hour endurance race for the first time since 1998, defeating Audi, which triumphed in 10 of the 11 prior contests. Porsche's 919 Hybrid car took first and second places, while Audi's R18 e-tron came in third....
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Bentley rolls out freshened Continental

12:01 am U.S. ET | June 15, 2015

Bentley is giving its Continental GT coupe and convertible a final revamp before they switch to a new platform by 2017....
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Bentley designer who bashed Lincoln leaves

12:01 am U.S. ET | June 15, 2015

Bentley's design chief, Luc Donckerwolke, a 49-year-old veteran of Volkswagen Group who headed design for three brands, including Lamborghini and Seat, has left the carmaker, VW said, without citing reasons....
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VW, FCA, GM at risk as Brazil slump worsens

June 14, 2015 06:15 CET

VW, Fiat Chrysler, GM and Ford are all likely to be hit hard by a downturn in Brazil's auto industry this year that's expected to be the worst since 1998, according to the national automakers association Anfavea....
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Porsche, Audi, Nissan, Toyota hybrids battle at Le Mans

June 13, 2015 06:15 CET

Audi's R18 e-tron Quattro has won the Le Mans LMP1 race every year since the new hybrid powertrain rules were established in 2012, but this year it will face stiff competition from Porsche, Toyota, and Nissan....
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Czech car industry revenue rises 15% to new record in 2014

June 12, 2015 21:05 CET

The Czech car sector's revenue rose 15 percent to a record 991 billion crowns ($41 billion) in 2014, the country's Automotive Industry Association (AutoSAP) said, helped by a big increase in overall local production by automakers such as Skoda, Hyundai, Toyota and PSA....
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VW committee said to meet to discuss new structure

June 12, 2015 13:13 CET

VW Group's steering committee will meet to discuss the development of a new structure for the automaker, but won't talk about personnel issues including the selection of a new chairman to replace Ferdinand Piech, sources said....
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VW Group sales fall for 2nd consecutive month

June 12, 2015 20:26 CET

VW Group sales fell for a second month in May and at a faster pace than in April, highlighting the German carmaker's difficulties in weak emerging markets. Deliveries at the 12-brand group slid by 2.6 percent to 858,000 vehicles in May, VW said....
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VW sales chief could lose job as carmaker reorganizes, report says

June 11, 2015 15:17 CET

VW Group sales chief Christian Klingler could lose his job as part of a reorganization by the carmaker intended to boost profits, company sources said....
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Daimler steps up savings efforts to close gap with rivals

1:18 pm U.S. ET | June 11, 2015

German carmaker Daimler said today it will step up cost-cutting efforts as it wants to see its premium Mercedes-Benz brand catch up with more profitable rivals Audi and BMW....
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VW brand sales fall 5.9% in May on weak China, S. America demand

June 11, 2015 10:32 CET

Sales at VW's core division fell by 5.9 percent in May, the seventh drop in eight months, as slowing momentum in China and declines in South America outweighed gains in Europe....
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Audi snubs Google bid to attract German carmakers

June 10, 2015 10:50 CET

Google's strategy of courting German carmakers into partnerships was snubbed by Audi amid concerns that Internet-assisted driving may risk intruding on passenger privacy....
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Audi to show EV crossover concept at Frankfurt show

12:01 am U.S. ET | June 8, 2015

Audi will preview a sporty, electric-powered crossover as a concept vehicle at the Frankfurt auto show in September....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Audi CEO Stadler focuses on SUVs, sees no need for minivans

June 5, 2015 06:01 CET

Audi is investing heavily as part of its effort to overtake BMW as the world's largest premium automaker. CEO Rupert Stadler is particularly bullish about Audi's fast-growing SUV lineup, as he explained to Automotive News Europe....
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Bentley's new design chief is ex-Audi styling boss Sielaff

June 4, 2015 14:57 CET

Bentley's design chief, Luc Donckerwolke, has decided to leave the carmaker. VW named Stefan Sielaff, head of its Potsdam design center in Germany and a former Audi design boss, as his successor....
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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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