Volkswagen

Volkswagen to break up MAN, report says

May 12, 2015 12:45 CET

Volkswagen will break up MAN and transfer its truck and bus businesses, as well as MAN Latin America, into VW's new Truck & Bus Holding, a German daily reported....
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Formula One is an option for Audi, CEO says

May 12, 2015 11:46 CET

Formula One racing remains an option for Audi, the carmaker's CEO Rupert Stadler was quoted as saying amid speculation about a partnership with former world champions Red Bull....
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Audi A1 production will move to Seat plant in Spain from Belgium, reports say

May 11, 2015 13:54 CET

VW Group may build the Audi A1 entry premium car at Seat's factory in Spain instead of in Belgium as part of a production reshuffle, media reports said....
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Google, Delphi disclose crashes in self-driving cars

7:17 pm U.S. ET | May 11, 2015

Four experimental self-driving cars have had fender-benders on California roads since September, when the state first required companies such as Google to hold permits for testing on public roads, according to a new report....
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Winterkorn vows to revamp VW

12:01 am U.S. ET | May 11, 2015

Volkswagen CEO Martin Winterkorn, who last month survived an attempted ouster by his boss, told 5,000 VW managers that he plans to restructure the giant German automaker....
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German carmakers may need help to bid for Nokia's high-tech maps

May 10, 2015 14:10 CET

German automakers may need help to buy Nokia's mapping unit as a rival bid from Uber signals interest from Silicon Valley players. High-definition mapping has emerged as a key feature for autonomous driving and connected car services....
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VW CEO Winterkorn to present new structure for automaker by October

May 8, 2015 15:23 CET

VW CEO Martin Winterkorn has told senior staff that he will present a new structure for the automaker by October at the latest....
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Audi sales rise 2.5% in April on U.S. demand

May 8, 2015 12:20 CET

Audi said vehicle sales rose 2.5 percent in April as robust volume in the U.S. offset slowing sales in Europe and China. Four-month deliveries were up 5.2 percent to 591,050 cars....
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Uber joins German automakers in seeking to buy Nokia's mapping service

May 8, 2015 10:29 CET

Uber Technologies has submitted a bid for HERE, Nokia's maps business, for as much as $3 billion, a report said. The offer is competing with a bid by a group of German automakers, including BMW, Audi and Mercedes, which are teaming up with Chinese Internet search engine giant Baidu on a deal....
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UAW pushes to form works council at VW Chattanooga plant

2:46 pm U.S. ET | May 7, 2015

UAW Secretary-Treasurer Gary Casteel said today that the union is advancing its plan to become not only the works council partner at Volkswagen of America's Chattanooga assembly plant but the plant's collective-bargaining agent as well....
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NEWS ANALYSIS

Self-driving cars are a lot closer than you think

6:42 am U.S. ET | May 7, 2015

Each year, bit by bit, cars will become more fully autonomous as the industry bakes “driver-assist” technology into packages of safety options. Gadgetry that five years ago seemed like science fiction is quietly becoming commonplace in a range of models, from luxury Audis to middle-market Subarus....
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CHRISTIAAN HETZNER

BLOG: Why VW tops rivals Toyota and GM in workforce size

12:01 am U.S. ET | May 7, 2015

VW Group has more global employees than Toyota and GM combined. The surplus of workers is unlikely to change anytime soon because of the powerful role unions play at the automaker....
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VW's Renschler to replace Piech as MAN chairman

May 6, 2015 11:26 CET

Andreas Renschler, the board member in charge of commercial vehicles at Volkswagen Group, will replace Ferdinand Piech as chairman of truck maker MAN. Piech resigned from all his supervisory board posts on April 25 after losing a showdown with VW CEO Martin Winterkorn....
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Chinese automakers Dongfeng, FAW halt trading on merger reports

May 5, 2015 08:09 CET

Chinese automakers Dongfeng Motor, which has a 14 percent stake in PSA, and FAW Group, a joint venture partner of VW, today halted trading in shares of their listed subsidiaries, with Dongfeng saying it checked into reports that the two companies would merge....
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Lamborghini may get tax breaks to build SUV in Italy

May 5, 2015 12:06 CET

Lamborghini is being offered incentives by Italy's government to make sure the automaker builds a production version of its Urus SUV concept in the country, sources said. Lamborghini sees the potential to sell 3,000 units a year of the Urus, more than doubling the brand's global volume....
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CHRISTIAAN HETZNER

BLOG: Piech's absence dominates VW annual meeting

6:43 am U.S. ET | May 5, 2015

Ferdinand Piech may cause VW's leadership more headaches than ever before. At VW's annual meeting today, the shadow of the VW patriarch seemed to follow CEO Martin Winterkorn wherever he went....
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VW to discuss new leadership structure as it seeks Piech successor

May 5, 2015 10:22 CET

Volkswagen's board will meet next month to discuss a new structure such as aligning individual brands more closely as the automaker seeks to return its focus to business following the shock ouster of former patriarch Ferdinand Piech....
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CHRISTIAAN HETZNER

BLOG: Piech's absence dominates VW annual meeting

6:43 am U.S. ET | May 5, 2015

Ferdinand Piech may cause VW's leadership more headaches than ever before. At VW's annual meeting today, the shadow of the VW patriarch seemed to follow CEO Martin Winterkorn wherever he went....
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Why so many more VW workers?

12:01 am U.S. ET | May 4, 2015

Check out the numbers in the accompanying table: Volkswagen Group, Toyota Motor Corp. and General Motors each sell about 10 million vehicles annually around the world, yet VW has more global employees than Toyota and GM combined....
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Bentley concept coupe aims for Aston's turf

12:01 am U.S. ET | May 4, 2015

Bentley wants a piece of Aston Martin's sports car business. It's testing the waters with a two-seat concept coupe that has received acclaim on the auto show circuit....
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VW board to discuss recruitment of new chairman, reports say

May 4, 2015 13:35 CET

Volkswagen's supervisory board was meeting to discuss finding a new chairman to fill the void left by Ferdinand Piech's departure, reports said. The meeting precedes what is likely to be a tense annual gathering of VW shareholders on Tuesday....
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VW board to discuss chairman search

7:49 am U.S. ET | May 4, 2015

Volkswagen's supervisory board today will discuss finding a new chairman to fill the void left by Ferdinand Piech's sudden departure last month, sources told Reuters....
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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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KEITH CRAIN

Piech's out at VW -- for the moment

12:01 am U.S. ET | May 4, 2015

Late last month, Ferdinand Piech resigned from his position as chairman of Volkswagen's supervisory board. Reportedly he was given the choice of resigning or being dismissed. For the first time in more than half a century, Piech is out of work -- for the moment....
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Beat goes on for Subaru, Audi, FCA

12:01 am U.S. ET | May 4, 2015

Audi, Subaru and Fiat Chrysler Automobiles kept their U.S. sales streaks alive in April. Audi marked the brand's 52nd straight monthly sales record. Subaru reported its 41st consecutive month of growth. FCA US posted its 61st straight month of year-over-year gains....
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Toyota's Lentz in Texas: A Lexus regret, fixing 'starved' Scion, the next Prius

Toyota's Lentz in Texas: A Lexus regret, fixing 'starved' Scion, the next Prius

Toyota North America CEO Jim Lentz is a pioneer. He and a handful of other employees moved to north Texas last September to help build the automaker's new U.S. headquarters.
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