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 of America has released a sketch of its new mid-size sedan that will go on sale in the fall of 2011 as a 2012 model-year car.
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Volkswagen of America has released a sketch of its new mid-sized sedan that will go on sale in the fall of 2011 as a 2012 model-year car. The factory currently being built by VW in Chattanooga, Tenn., will start producing cars in the spring of 2011.
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Volkswagen Group's parts buyers attended a Korea Trade-Investment Promotion Agency's autoparts export consultation session in Seoul today.
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Volkswagen will decide within the next two weeks on whether it will buy insolvent assembler Karmann, chief executive Martin Winterkorn said.
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Volkswagen CEO Martin Winterkorn said the automaker will decide within the next two weeks on whether it will buy insolvent assembly firm Karmann.
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Malaysia is scouting for a partner for national carmaker Proton. Recent newspaper reports have speculated that Proton could again try for a tie-up with Volkswagen AG or seek out General Motors Corp. or PSA/Peugeot-Citroen as a potential partner.
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Volkswagen CEO Martin Winterkorn said the automaker will decide within the next two weeks on whether it will buy insolvent assembly firm Karmann.
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Volkswagen CEO Martin Winterkorn said the automaker will decide within the next two weeks on whether it will buy insolvent assembly firm Karmann.
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From the moment the Touareg hit the market, auto critics have applauded its off-road capabilities and comfortable ride. However, the SUV's girth and weight never allowed it to be reasonable on gas. It didn't matter if you chose the V6 or the V8 (the V8 is no longer available in Canada), all Touaregs had an appetite for fuel, which isn't unusual for this type of vehicle.
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Volkswagen CEO Martin Winterkorn said the automaker will decide within the next two weeks on whether it will buy insolvent assembly firm Karmann.
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Volkswagen CEO Martin Winterkorn said the automaker will decide within the next two weeks on whether it will buy insolvent assembly firm Karmann.
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Volkswagen wants to acquire insolvent contract assembler and carmaker Karmann first and foremost because of its technical expertise, the Financial Times Deutschland reported, citing VW company sources.
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Cruising down the streets in a Volkswagen New Beetle Convertible without making heads turn is quite a challenge. Despite the years and the "woman's car" stigma, this cute little drop-top still boasts an aura of popularity.
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LG Electronics is to supply car audio systems worth about US$370m to Volkswagen.
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Deutsch L.A. was far from the favorite when Volkswagen of America's review cranked into high gear.
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Deutsch L.A. was far from the favorite when Volkswagen of America's review cranked into high gear.
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Volkswagen is expected to buy bankrupt Wilhelm Karmann, the niche vehicle producer, for considerably less than the EUR100m (US$150m) that Karmann's stakeholders want.
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South Korea's LG Electronics will supply Volkswagen AG with car audio systems worth about $370 million. Under the seven-year deal, LG will become one of the largest suppliers of audio systems for VW, Seat and Skoda brands.
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