Suzuki CEO Osamu Suzuki said there was no truth to reports it was in talks to tie up with Volkswagen. "There's a saying that there's no smoke where there's no fire, but you're all creating smoke where there's no fire in this case," he said.
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Suzuki CEO Osamu Suzuki said there was no truth to reports it was in talks to tie up with Volkswagen. "There's a saying that there's no smoke where there's no fire, but you're all creating smoke where there's no fire in this case," he said.
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Volkswagen was looking to become an active player in the small and affordable compact car class. As the import fees on the European Polo are too high, the automaker decided to take a model that had reached the end of the road, so to speak and tweak its style and drop its price. Behold, the Golf City (same story for the Jetta City). A simple, yet efficient and ingenious formula.
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Volkswagen AG said it will build a new pickup truck in Argentina before the end of the year that it will aim at export markets starting in the first quarter of 2010.
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Car sales at Volkswagen's Czech unit Skoda Auto rose 6.5% in the third quarter halting a first half decline as scrappage subsidies in Germany, its biggest market, and growing business in China pushed sales to 174,984 vehicles.
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Volkswagen's new Amarok pickup truck will go into production in Argentina before the end of this year and vehicles will begin to be exported from the first quarter of 2010.
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Volkswagen AG's premium Audi brand expects its fourth-quarter operating profit to exceed the 348 million euros ($515.8 million) earned in the third quarter, its finance chief said on Friday.
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Volkswagen AG's premium Audi brand expects its fourth-quarter operating profit to exceed the 348 million euros ($515.8 million) earned in the third quarter, its finance chief said on Friday.
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Volkswagen AG's premium Audi brand expects its fourth-quarter operating profit to exceed the 348 million euros ($515.8 million) earned in the third quarter, its finance chief said on Friday.
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Car sales at Volkswagen AG's Czech unit Skoda grew 6.5 percent in the third quarter, reversing a decline in the previous two quarters, the company said on Thursday.
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As the first employer, the Volkswagen Group has adopted a "Global Labor Charter". The Charter sets out binding minimum standards for the entire Group in the area of the participation rights of employee representative bodies at the level of individual facilities. The Charter, concluded between employee representative bodies, the Group Board of Management and the International Metalworkers' Federation, was signed at the meeting of the Global Group Works Council held at the Volkswagen plant in Zwickau.
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The Volkswagen Group today presented its "Best Apprentice Award" to young achievers from all over the world. The award for outstanding professional competence was presented to 22 apprentices from eleven countries on the occasion of a joint meeting of the Global Group Works Council and the Group Board of Management at the Volkswagen plant in Zwickau.
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In News Brake: The Suzuki Kizashi is customized for SEMA, Volkswagen sketches a future sedan, and Ford drops an EcoBoost engine into a replica '34 Coupe . . . But Wait, There's More!
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In News Brake: The Suzuki Kizashi is customized for SEMA, Volkswagen sketches a future sedan, and Ford drops an EcoBoost motor into a replica '34 Coupe . . . But Wait, There's More!
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Volkswagen AG, Europe's largest carmaker, disappointed markets with an 81 percent decline in third-quarter operating profit and reaffirmed its forecast for a full-year drop in earnings.
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Volkswagen has reported nine month operating profit down to EUR1.5bn (US$2.1bn) from EUR4.9bn (US$7.3bn) a year ago, blaming heavy losses at its Spanish Seat and British Bentley brands.
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Volkswagen said today its 9-month operating profit fell to 1.5 billion euros from 4.9 billion euros last year, hit by losses at its Seat and Bentley brands. VW said net liquidity in its automotive division increased to 13.4 billion euros.
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Volkswagen AG said today its 9-month operating profit fell to 1.5 billion euros from 4.9 billion euros last year, weighed down by heavy losses at its Spanish Seat and ultraluxury Bentley brands.
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Volkswagen disappointed markets with an 81 percent decline in third-quarter operating profit, weighed down by heavy losses at its Spanish value brand Seat and at ultraluxury marque Bentley. VW reaffirmed its forecast for a full-year drop in earnings.
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