Martin Winterkorn

Opel, VW CEOs cautious on Europe sales growth amid Russia crisis

March 3, 2015 09:14 CET
Europe's carmakers are benefiting from robust demand for passenger cars in most of the region although the slumping Russian market continues to cast a shadow, making forecasts increasingly difficult, Opel CEO Karl-Thomas Neumann and VW boss Martin Winterkorn said....
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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 CEO Winterkorn sees former BMW, Daimler managers as potential successors, report says

Feb. 25, 2015 13:04 CET
Volkswagen Group CEO Martin Winterkorn sees Andreas Renschler and Herbert Diess, who are joining VW from rivals Daimler and BMW, among his potential successors, according to a German magazine....
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VW Eos output will end on declining cabrio demand

Feb. 23, 2015 19:06 CET
VW plans to stop making its Eos cabriolet as customer tastes shift away from convertibles in general and retractable hardtops like the Eos in particular. European sales of convertibles from volume carmakers fell 20 percent last year....
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CHRISTIAAN HETZNER

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 could beat 5 million euro savings goal, exec says

Jan. 29, 2015 16:09 CET
VW Group ought to be able to cut costs at its passenger-car brand by "substantially more" than the 5 billion euros ($5.7 billion) planned by the carmaker's top management, VW works council chief Bernd Osterloh said....
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Cost-cutting VW baffles experts with Phaeton plans

Jan. 28, 2015 10:05 CET
With VW having embarked on a big cost-cutting drive, industry experts are baffled why the "people's car" maker plans to spend millions of euros upgrading the money-losing Phaeton premium sedan. Analysts say the costly car should be axed....
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Zetsche, other top auto chiefs to lobby for EU-U.S. trade deal

Jan. 27, 2015 21:06 CET
Daimler CEO Dieter Zetsche, Volkswagen boss Martin Winterkorn and other captains of Germany's automotive industry have gathered in Berlin today to try to rally support for a transatlantic free trade deal that faces potential collapse....
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VW crosses 10 million sales mark on surging China demand

Jan. 12, 2015 11:29 CET
Volkswagen has hit a sales milestone four years earlier than planned after group deliveries rose 4 percent to 10.14 million last year. Growth was boosted by demand in China....
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VW readies crossover blitz to help revive U.S. fortunes

8:30 pm U.S. ET | Jan. 11, 2015
Volkswagen is mobilizing an SUV and crossover offensive over the next few years to strengthen its presence in those fast-growing segments and revive the VW brand's sagging U.S. sales. A long-wheelbase Tiguan crossover assembled in North America will arrive in the market in 2017, Volkswagen CEO Martin Winterkorn said in remarks prepared for delivery today....
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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

Poached from BMW, Diess in position for VW CEO job

12:01 am U.S. ET | Dec. 15, 2014
Volkswagen's decision to poach BMW product development chief Herbert Diess to run its flagship VW brand puts the 56-year-old manager in the pole position to succeed Martin Winterkorn as head of what could soon be the world's largest automaker....
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VW hires BMW exec Diess to lead core car brand

Dec. 9, 2014 08:18 CET
VW Group has appointed BMW development chief Herbert Diess to its management board. Diess, 56, will take over as chairman of the VW passenger car brand from CEO Martin Winterkorn, effective Oct. 1, 2015, the company said....
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CHRISTIAAN HETZNER

VW's Diess takes pole position to replace Winterkorn

6:30 am U.S. ET | Dec. 9, 2014
VW's announcement that it poached BMW development chief Herbert Diess to run its flagship VW brand puts the 56-year-old manager in pole position to succeed Martin Winterkorn as VW Group boss....
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CHRISTIAAN HETZNER

VW's Diess takes pole position to replace Winterkorn

6:30 am U.S. ET | Dec. 9, 2014
VW's announcement that it poached BMW development chief Herbert Diess to run its flagship VW brand puts the 56-year-old manager in pole position to succeed Martin Winterkorn as VW Group boss....
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Audi's F1 entry subject of feasibility study, report says

Dec. 8, 2014 10:39 CET
VW Group is conducting a feasibility study under former Ferrari executive Stefano Domenicali on whether Audi should enter Formula One to challenge Mercedes, a report said....
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VW names veteran exec Schmall as components chief

Dec. 4, 2014 10:06 CET
VW named Thomas Schmall as the new core brand board member responsible for components – a key post that carries with it the potential for political friction with the carmaker's powerful German unions over a shakeup of parts production....
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VW will give more power to brands, regions

Dec. 4, 2014 09:21 CET
VW Group will give more power to brand managers and regional bosses, its labor leader said, as the company looks to address poor performance in markets such as the U.S. and Brazil....
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PLATFORM PUZZLE

GM, Renault, VW, others bet on megaplatforms

12:01 am U.S. ET | Nov. 3, 2014
GM, Volkswagen, Toyota and Renault-Nissan are among the automakers embracing flexible, globally compatible megaplatforms as a key to future success. Rivals that don't join them, including Fiat Chrysler, run a risk of being left behind, analysts say....
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Mercedes, VW to put brakes on Google's in-car data inroads

Oct. 31, 2014 10:43 CET
VW Group and Mercedes called on fellow automakers to establish separate platforms for data on vehicle use to avoid handing over sensitive customer information to Google....
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Daimler, VW dampen speculation about imminent CEO succession

11:02 am U.S. ET | Oct. 30, 2014
Succession is not an imminent topic at Daimler or Volkswagen, the chief executives of both carmakers said today, adding that any potential candidates would most likely come from within their respective companies....
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VW may use fewer temporary staff as part of cost cuts

Oct. 12, 2014 22:30 CET
Volkswagen may use fewer temporary staff as part of efforts to reduce costs by 5 billion euros ($6.3 billion), CEO Martin Winterkorn told a German magazine....
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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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Winterkorn warns EU on overburdening automakers on CO2 emissions

Oct. 1, 2014 22:00 CET
Volkswagen CEO Martin Winterkorn warned EU regulators that it would be "fatal" to overburden the auto industry with tougher CO2 emission targets before a market can develop for electric cars, plug-in hybrids and other fuel-efficient models....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Europe's slump creates new opportunities at the top

Aug. 13, 2014 06:01 CET
Europe's car sales slump took its toll on the executive ranks at automakers active in the region. Just 13 of the 37 executives who topped their organizational charts before the crisis are still there....
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