Volkswagen's cash pile has continued to grow since December and second-quarter operating profit easily beat expectations, Europe's largest carmaker said on Thursday.
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Volkswagen's cash pile has continued to grow since December and second-quarter operating profit easily beat expectations, Europe's largest carmaker said on Thursday.
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Indebted Porsche Automobil Holding SE expects to post a pretax loss of up to 5 billion euros ($7.1 billion) for its current fiscal year due to an expected non-cash book loss from the sale of cash-settled options in Volkswagen AG stock.
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Indebted Porsche Automobil Holding SE expects to post a pretax loss of up to 5 billion euros ($7.1 billion) for its current fiscal year due to an expected non-cash book loss from the sale of cash-settled options in Volkswagen AG stock.
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Volkswagen expects a gradual revival in commercial vehicle demand but no drastic changes, the division head has said.
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Volkswagen AG does not currently have to tap equity markets for fresh funding, possibly to finance the purchase of a stake in Porsche Automobil Holding SE's sports car business, VW's CEO was quoted as saying.
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Volkswagen AG does not currently have to tap equity markets for fresh funding, possibly to finance the purchase of a stake in Porsche Automobil Holding SE's sports car business, VW's CEO was quoted as saying.
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Volkswagen AG does not currently have to tap equity markets for fresh funding, possibly to finance the purchase of a stake in Porsche Automobil Holding SE's sports car business, VW's CEO was quoted as saying.
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Volkswagen said it sold 652,000 cars in China during the first half of 2009, up 22.7% year-on-year and more than it sold in Germany for the first time.
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Shares in Volkswagen dropped - 4.8% making them the sharpest decliners among German large cap stocks - following a Financial Times Deutschland report which said the carmaker might launch a EUR4bn(US$5.68bn) capital increase, although many analysts and traders were sceptical.
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Volkswagen is considering a capital increase as one option among many to finance its takeover of debt-laden sports car maker Porsche AG, bankers familiar with the situation said.
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Volkswagen is considering a capital increase as one option among many to finance its takeover of debt-laden sports car maker Porsche AG, bankers familiar with the situation said.
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Volkswagen is considering raising up to 4 billion euros ($5.7 billion) ahead of a takeover of Porsche to protect its credit ratings, the Financial Times reported on Monday.
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Suppliers are a lot more interested in working with Ford of Europe and Volkswagen AG than they were in 2006, according to results of the 5th annual Automotive News Europe/SupplierBusiness OEM-Supplier Relations Study.
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Suppliers are a lot more interested in working with Ford of Europe and Volkswagen AG than they were in 2006, according to results of the 5th annual Automotive News Europe/SupplierBusiness OEM-Supplier Relations Study.
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Porsche Automobil Holding SE's owner families have agreed with a key Volkswagen AG shareholder that controversial clauses of a law protecting VW from hostile takeovers would be absorbed into the by-laws of Europe's biggest carmaker itself, a German...
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Porsche Automobil Holding SE's owner families have agreed with a key Volkswagen AG shareholder that controversial clauses of a law protecting VW from hostile takeovers would be absorbed into the by-laws of Europe's biggest carmaker itself, a German...
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Representatives of the families that own Porsche Automobil Holding AG are set to take seats on Volkswagen AG's supervisory board vacated by former Porsche CEO Wendelin Wiedeking and his finance chief, Holger Haerter, sources close to Volkswagen said...
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Representatives of the families that own Porsche Automobil Holding AG are set to take seats on Volkswagen AG's supervisory board vacated by former Porsche CEO Wendelin Wiedeking and his finance chief, Holger Haerter, sources close to Volkswagen said...
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Every few years, there's a run on retro-styled cars that recapture the character and attitude of a famous model from years ago. Though carmakers from around the world have all taken part in the trend, one of the most visible retro cars on the road today is arguably the Volkswagen Beetle.
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