Audi lost claim to being the sole cash contributor to Volkswagen AG, according to first-half results published on Friday that are likely to soothe concerns of VW's shareholders.
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Volkswagen Group's chairman Prof. Dr. Martin Winterkorn has said that the company's first half earnings are "clearly in excess of our expectations."
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Volkswagen AG said it is confident of improving its sales and margins even though the second half would get tougher.
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Volkswagen reported its biggest quarterly profit in two years on higher demand in China and the United States for the Golf compact and Audi A5 coupe. Second-quarter net income quadrupled to 1.25 billion euros ($1.
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Volkswagen reported the biggest quarterly profit in 2 years on higher demand in China and the U.S. for the Golf compact and Audi A5 coupe. Second-quarter net income quadrupled to $1.63 billion, the company said.
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Volkswagen's Chinese unit is set to become more autonomous from its German parent by cutting its reliance on auto components and expertise imported from outside China, the Financial Times Deutschland said.
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About 100 hours of work and Smyth Performance convert a used Volkswagen Jetta into a mid-engine sports car.
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About 100 hours of work and Smyth Performance convert a used Volkswagen Jetta into a mid-engine sport car.
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Volkswagen's premium car maker, Audi, expects sales this year to be significantly above 1 million vehicles, the unit's boss said.
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Volkswagen has set a new delivery record for first half of the year, up 16% for the group and the core VW brand, thanks to strong growth in China, USA and western Europe.
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Wow, are things ever heating up in the small car category. Having driven the Toyota Yaris, Nissan Versa, Volkswagen Polo, Kia Rio, Hyundai Accent, Mazda2 as well as smart fortwo within the last two years and, most recently, the Ford Fiesta, I can tell you with certainty that if you plan to be in the market for a new subcompact vehicle in the next 12 to 18 months, you will have more to chew on than ever.
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Volkswagen said sales increased 5.7 percent in June helped by demand in China and the United States.
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Volkswagen releases first pictures of new Caddy ahead of Hanover van show.
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New Joyster gets the green light and will be based on Volkswagen Up!, with electric model to follow.
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Hella KGaA Hueck and Co. contributes headlamps to the new adaptive lighting system on the new, second-generation Volkswagen Touareg.
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