Volkswagen shares nearly halved in early trading on Wednesday after main shareholder Porsche moved to ease a squeeze on short sellers that more than quadrupled the stock in days.
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Shares in carmaker Volkswagen nearly halved on Wednesday after main shareholder Porsche took steps to ease a squeeze on shortsellers that more than quadrupled the stock in days.
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Volkswagen's share price tripled on Monday as short sellers piled into the stock to sew up their speculative positions on news Porsche had bought up nearly all VW's remaining free float.
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Porsche plans to own 75% of the shares in Volkswagen in 2009 "paving the way to a domination agreement" according to a company statement.
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Porsche plans to gain control of more than 75 percent of Volkswagen in order to pass a domination and profit transfer agreement that would grant it full control of VW's cash flows, Porsche said on Sunday.
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Volkswagen AG wants more than 80 percent of the content of vehicles produced at its planned Tennessee factory to come from North America and plans a supplier park at the site to reach that goal.
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The new Volkswagen Golf has been awarded a maximum five-star rating by the Euro NCAP (European New Car Assessment Programme) crash test agency.
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Porsche said on Friday that Volkswagen Chairman Ferdinand Piech would fully back its plans to integrate VW more closely into its European holding.
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VW release the first images of the all-new Golf MkVI GTI.
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Volkswagen gives its forthcoming family hatch a BlueMotion makeover - resulting in the greenest Golf yet.
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Volkswagen plans to cut a majority or all of its 25,000 temporary staff as a response to rapidly deteriorating conditions in the market, Germany's Frankfurter Allgemeine Zeitung reported on Thursday.
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Volkswagen said in a statement today that it has no plans to cut either all or a majority of its temporary staff. A German newspaper reported on Thursday that VW planned to lay off most of its temporary workers.
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Volkswagen Chairman Ferdinand Piech expects the takeover by Porsche to move ahead smoothly and played down any differences in his extended family that owns Porsche.
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Volkswagen AG wants more than 80 percent of the content of vehicles produced at its planned Tennessee factory to come from North America and is planning a supplier park for the plant site.
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Volkswagen AG wants more than 80 percent of the content of vehicles produced at its planned Tennessee factory to come from North America and is planning a supplier park for the plant site.
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Volkswagen has launched the redesigned Bora sedan in China, produced by its joint venture with First Automotive Works.
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Volkswagen said it has officially launched the new Bora sedan in China, produced by its joint venture with First Automotive Works. The new Bora is priced at 107,800-143,800 yuan.
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Volkswagen is offering dealers a bonus of 1,000 euros (about $1,340) in a bid to spur lagging demand for the Touran medium minivan.
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Volkswagen is cutting production and work hours at its plant here in response to falling demand for expensive, premium SUVs.
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