Alfa Romeo is not for sale, Fiat Chairman Luca di Montezemolo said after a recent analyst report suggested the money-losing brand could be bought by Volkswagen. Alfa is undergoing a strategic review which could freeze new investments.
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Alfa Romeo is not for sale, Fiat Chairman Luca di Montezemolo said after a recent analyst report suggested the money-losing brand could be bought by Volkswagen. Alfa is undergoing a strategic review which could freeze new investments.
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India's Ruia Group has acquired a 60% controlling stake in Henniges Automotive Grefrath, a German supplier of automotive sealing systems to Daimler, BMW, Audi and Volkswagen.
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After Mitsubishi's official withdrawal from rally-raids, Volkswagen seems to be the only contender for victory at the next Dakar Rally experience, planed for January 1st to 17th, from Argentina to Chile. Privately owned BMWs are the only ones that could cause surprise.
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Volkswagen AG, which recently took a stake in Suzuki Motor Corp. to step up its presence in India, said on Saturday it aims to grab 8 percent to 10 percent of the country's market share in the next four to six years.
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The Volkswagen Group reported its strongest growth in global vehicles deliveries so far this year in November - an increase of 19.1% to 531,300 from the 446,000 vehicles it delivered in November 20008. This takes the group's sales for the first 11 months of the years to 5.85m, an increase of 2% over the same period last year.
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Japanese industry minister Masayuki Naoshima on Friday said the just announced tie-up between Suzuki Motor and Volkswagen would be beneficial to the auto industry in Japan.
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Volkswagen unit Skoda Auto will cut production of its smaller cars starting in 2010, the Czech carmaker's union said in a weekly newsletter.
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Volkswagen is bracing for tough car markets in 2010 despite a 19.1% rise in group vehicle deliveries in November. All VW's main brands including Audi, Skoda and Seat reported sales increases last month.
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Volkswagen is bracing for tough car markets in 2010 despite a 19.1% rise in group vehicle deliveries in November. All VW's main brands including Audi, Skoda and Seat reported sales increases last month.
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VW and Suzuki plan to develop a new small car that would cost between $4,300 and $5,400 for the Indian market, the Economic Times said. The car would replace the Alto and could be sold in Europe
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Porsche, now 49.9% owned by Volkswagen, on Thursday said it would extend shortened working hours at its main Zuffenhausen plant near Stuttgart until the end of March 2010 "in view of the uncertain sales development on the individual markets".
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At this past week's L.A. Auto show press days, a Green Car ride and Drive event was organized for media. Credentialed journalists could sign up and pick a time slot to briefly drive specific vehicles. The selection of vehicles on hand included every "green" under the sun from the Audi A3 TDI to the Mercedes-Benz S400 Hybrid all the way to the Volkswagen Touareg TDI.
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The announcement that Volkswagen and Suzuki are to 'establish a close long-term strategic partnership' appears to hold many pluses and few negatives for both parties. Dave Leggett considers the potential benefits of a tie-up for both companies
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Volkswagen will buy nearly 20 percent of Suzuki for $2.5 billion in a deal poised to continue VW's ambitious growth plans and bolster its global product offerings.
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In News Brake: We test-drive the Mercedes B-class F-Cell, Volkswagen will buy part of Suzuki, and Danica Patrick will run in the Nationwide Series next season . . . But Wait, There's More!
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In News Brake: We test drive the Mercedes B-class F-Cell, Volkswagen will buy part of Suzuki, and Danica Patrick will run in the Nationwide Series next season . . . But Wait, There's More!
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Volkswagen will receive funding of around EUR2.9m (US$4.3m) during 2010 from the Polish government for development of diesel engine production at its plant in Polkowice, Agence France-Presse (AFP) reported.
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Volkswagen has moved a step closer to achieving its goal of 10m units in sales a year after forming a capital tie-up earlier on Wednesday with Suzuki Motor.
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