Martin Winterkorn

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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VW suffers production woes adjusting to MQB platform, report says

July 29, 2014 16:38 CET
Volkswagen's move to add extra German production shifts for the Golf, which the company has attributed to strong demand, is also due to problems adjusting to its new MQB platform, company sources said....
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VW CEO to address workers about billions in planned cost cuts

1:49 pm U.S. ET | July 22, 2014
Volkswagen's CEO will address thousands of workers at its biggest plant on Wednesday as he attempts to win their support for cost cuts at the carmaker's core VW brand....
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VW sets sights on Apple-like model updates with speed task force

1:04 pm U.S. ET | July 16, 2014
VW plans to mimic the fast-paced rollouts of products made by the likes of Apple to adapt quicker to changing customer demands for technology in its cars....
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VW aims to save 5 billion euros to lift profitability

July 15, 2014 15:27 CET
VW Group plans to reduce costs at its namesake brand by 5 billion euros ($6.8 billion) by 2017 as it seeks to lift sagging profitability after efficiency gains have failed to keep pace with rising labor costs....
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VW targets $6.8 billion in annual cuts to close profit gap with rivals

11:18 am U.S. ET | July 15, 2014
Volkswagen AG plans to cut costs and boost productivity at the VW brand by $6.8 billion a year by 2017 to lift sagging profitability. Efficiency gains have failed to keep pace with rising labor costs, CEO Martin Winterkorn said in an internal presentation to company managers....
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A VULNERABLE GIANT

Volkswagen's soaring growth under Piech masks troubles

12:01 am U.S. ET | July 14, 2014
During his two-decade reign, Volkswagen Group Chairman Ferdinand Piech has created an automotive giant with broad geographic reach. But industry analysts say the No. 3 global automaker may be too vast and fractured to stay cohesive after Piech's departure....
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VW to invest 2 billion euros to build new China plants

July 7, 2014 10:50 CET
VW says it will invest 2 billion euros ($2.7 billion) to construct two new vehicle plants in China. The move is part of a wider plan by the carmaker to invest 18.2 billion euros in its No. 1 market through 2018....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

VW's struggles in key markets threaten momentum as post-Piech era looms

July 7, 2014 06:01 CET
VW Group Chairman Ferdinand Piech has succeeded in creating an automotive giant with huge cash reserves. However, problems gaining a foothold in key markets and a delicate power balance could threaten VW after Piech departs....
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Walter de Silva: Italy's loss, VW's gain

6:37 am U.S. ET | June 13, 2014
Walter de Silva had to leave Italy to become a legend in the vehicle design world. It's a common story in a country that fails to nurture its best and brightest....
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Seat brand will build SUV at Skoda factory, CEO says

June 6, 2014 10:48 CET
Seat's SUV will be built at a plant run by sister brand Skoda, the Spanish unit's CEO, Jurgen Stackmann, said....
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VW to bring new models to U.S. more quickly

May 30, 2014 12:33 CET
VW Group is preparing to bring new and updated models from its namesake brand to the U.S. on a shorter time frame. The VW marque will introduce new products every five years, down from seven....
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VW CEO Winterkorn pledges growth in U.S., Brazil

May 13, 2014 12:24 CET
Volkswagen CEO Martin Winterkorn said the automaker will redouble efforts to boost flagging sales in the United States as well as grow in Brazil as VW chases Toyota's global sales lead....
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VW's Scania bid succeeds, clears way for truck alliance

May 13, 2014 15:23 CET
Volkswagen secured enough backing to move forward with a 6.7 billion euro ($9.2 billion) bid for Scania, removing the last major obstacle to a nearly decade-long effort to forge an integrated heavy-trucks unit....
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VW Group says 4-month sales rise 6% to 3.2 million

May 13, 2014 13:04 CET
VW said it increased sales across its multi-brand group more than 6 percent in the first four months to over 3.2 million vehicles, a new record....
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VW says it expects new SUV to revitalize U.S. sales as it outlines 2018 strategy

6:28 am U.S. ET | May 13, 2014
Volkswagen AG plans to redouble efforts to boost flagging sales in the United States as well as grow in Brazil as Europe's largest automaker chases Toyota Motor Corp.'s global lead....
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PAUL MCVEIGH

China is key to Winterkorn's new strategy for VW

12:01 am U.S. ET | April 20, 2014
China looms large in Volkswagen CEO Martin Winterkorn's thoughts as he prepares his new "Future Tracks" strategy for the automaker....
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VW's Winterkorn plans new strategy called Future Tracks

April 17, 2014 11:55 CET
Volkswagen CEO Martin Winterkorn will unveil a new strategy for the automaker called Future Tracks by year end, a report said. The plan will set fresh profitability and sales goals, Winterkorn told Manager Magazin in an interview....
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VW to build plug-in hybrids with partner FAW in China, sources say

April 4, 2014 09:33 CET
VW Group plans to make plug-in hybrids with local partner FAW in China, company sources say. VW sees a big potential market as the country's leaders race to reduce hazardous levels of air pollution....
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VW seeks to open car plant in Thailand, sources say

April 2, 2014 10:08 CET
VW Group has applied to set up its first car plant in Thailand to help narrow the gap with Toyota in Southeast Asia, people familiar with the matter said. VW sees a "strong market opportunity" in the region CFO Hans Dieter Poetsch said last week....
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VW keeps to Russia growth plan as Europe weighs sanctions

March 20, 2014 16:52 CET
Volkswagen CEO Martin Winterkorn says the carmaker will stick with ambitious expansion plans in Russia even as European leaders consider sanctions over the country's seizure of Crimea....
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Porsche SE has 2.61 billion euros available for acquisitions

March 19, 2014 14:12 CET
Porsche SE plans to spend the bulk of its 2.61 billion euro ($3.64 billion) cash pile on acquisitions beyond its controlling stake in Volkswagen Group....
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