Saab named Matthias Seidl, a former top executive with Volkswagen in the United States, as its new sales chief. Seidl replaces Adrian Hallmark, who quit the Swedish automaker to become Jaguar's global brand director.
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NEWS EDITOR GREG MIGLIORE: This is a fun sedan that is a viable competitor with the Mitsubishi Lancer Evolution, the Mazda Mazdaspeed 3 and the Volkswagen Golf GTI.
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NEWS EDITOR GREG MIGLIORE: This is a fun sedan that is a viable competitor with the Mitsubishi Lancer Evolution, the Mazda Mazdaspeed 3 and the Volkswagen Golf GTI.
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NEWS EDITOR GREG MIGLIORE: This is a fun sedan that is a viable competitor with the Mitsubishi Lancer Evolution, the Mazda Mazdaspeed 3 and the Volkswagen Golf GTI.
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General Motors and Volkswagen China partner SAIC Motor said third quarter net profit jumped 46.6%, in line with expectations, on solid demand for cars made with the western automakers.
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Volkswagen lifted the veil off its mysteriously strong third-quarter results to uncover profitability at its Audi luxury brand that far exceeded market forecasts and booming earnings from its China operations.
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Volkswagen lifted the veil off its strong third-quarter results to uncover profitability at its luxury brand Audi that far exceeded market forecasts and booming earnings from its China operations.
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Volkswagen said nine-month profit jumped more than sixfold, beating analysts' estimates. Net income was 4 billion euros ($5.6 billion), compared with 655 million euros a year earlier, VW said.
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Porsche SE was sued by Viking Global Investors over claims the automaker's attempted takeover of Volkswagen was an illegal stock fraud scheme that cost the hedge fund at least $390 million.
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Volkswagen Group has reported that its operating profit more than tripled at EUR4.8bn in the first nine months of 2010. However, it also warned of a weaker fourth quarter.
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Porsche SE was sued by Viking Global Investors over claims the automaker's attempted takeover of Volkswagen was an illegal stock fraud scheme that cost the hedge fund at least $390 million.
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Porsche SE was sued by Viking Global Investors over claims the automaker's attempted takeover of Volkswagen was an illegal stock fraud scheme that cost the hedge fund at least $390 million.
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Volkswagen said nine-month operating profit more than tripled, boosted by deliveries in China, and forecast growth in the currently quarter will slow. Operating profit jumped to 4.8 billion euros ($6.7 billion) from 1.
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Volkswagen said nine-month profit jumped more than sixfold, beating analysts' estimates. Net income was 4 billion euros ($5.6 billion), compared with 655 million euros a year earlier, VW said.
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The Volkswagen Group has reported growth in deliveries to customers of 131.9% in the Indian market for the first nine months of the year.
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Volkswagen Osnabrück has made an offer to the administrator of Wilhelm Karmann to take on 329 employees of the Karmann metal unit.
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Volkswagen aims to reach its sales goal of 10 million vehicles three years earlier than planned as VW tries to pass Toyota as the largest automaker. VW targets more than 8 million deliveries by 2012 and 10 million as early as 2015, a source said.
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Volkswagen aims to reach its sales goal of 10 million vehicles three years earlier than planned as VW tries to pass Toyota as the largest automaker. VW targets more than 8 million deliveries by 2012 and 10 million as early as 2015, a source said.
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Volvo plans to offer a Volkswagen Golf competitor as part of a plan to expand the automaker's product line.
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Volvo plans to offer a Volkswagen Golf competitor as part of a plan to expand the automaker's product line.
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