Porsche will take longer than expected to reach a merger agreement with German partner Volkswagen AG, a Porsche spokesman said on Friday.
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Volkswagen today began accepting advance orders for its 'sixth generation' Golf Estate [aka Jetta wagon] today (22 May) though the revamp is largely a new nose for the previous body shell which was all-new last time around and new tail lights and rear bumper.
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Volkswagen is to build a ZAR200m (US$24m) car parts distribution facility in Centurion, Gauteng Province, close to Johannesburg in South Africa.
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Skoda has won an internal Volkswagen Group tender to produce a range of transmissions for a new small family car.
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The trend toward engine downsizing has reached Volkswagens more-affordable performance models.
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Liberty Motors, part of the Swire Group, has taken on the Skoda and Seat franchises in Taiwan, replacing Audi following Volkswagen Group´s decision to establish a wholly-owned office in the country.
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The stand off between Volkswagen and Porsche seems to have ended with the chairmen of both carmakers saying their goal was to press ahead with the planned merger of the two, after all.
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The squabbling cousins who run Porsche and Volkswagen appeared to have made peace on Tuesday, agreeing to work together once more toward a combination of the two German carmakers.
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The Golf GTI and the new Polo are Volkswagen highlights this spring. Both are launching right now, and both are successors to absolute bestsellers. Both are prime examples of affordable automotive dreams. The GTI for sure, because it is the icon among compact sports cars. And the Polo, because it is small but not meager.
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The squabbling cousins who run Porsche and Volkswagen appeared to have made peace on Tuesday, agreeing to work together once more toward a combination of the two German carmakers.
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The squabbling cousins who run Porsche and Volkswagen appeared to have made peace on Tuesday, agreeing to work together once more toward a combination of the two German carmakers.
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Volkswagen engineers have put the Touareg on a diet as they prepare the next generation of the SUV for a 2010 launch as a 2011 model.
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Any new company resulting from a merger of Volkswagen and Porsche should be open to outside investors, according to the German state of Lower Saxony, VW's second-biggest shareholder.
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Any new company resulting from a merger of Volkswagen and Porsche should be open to outside investors, according to the German state of Lower Saxony, VW's second-biggest shareholder.
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The balance of power between Porsche and Volkswagen's management appears to be shifting inexorably towards those in charge of VW, Global Insight analyst Tim Urquhart said in a resarch note today.
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The Volkswagen Group said today it delivered 541,600 vehicles in April, a fall of 4.7% on the same month last year, but ahead of a market that fell 20%.
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Volkswagen on Sunday slammed the brakes on merger talks with Porsche, just before the first meeting to discuss ways to bring all of the automakers' brands together under one entity.
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Preferred shares of Porsche SE fell early on Monday as news broke that Volkswagen had stopped merger talks.
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Porsche Automobil Holding SE's preferred shares fell on Monday amid fears the automotive holding group's finances may be worse than believed, poisoning its attempts to forge closer ties with Volkswagen AG.
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The Volkswagen Golf has reclaimed the top spot from the Peugeot 207 as Europe's best-selling car although the Ford Fiesta is fast emerging as a challenger after posting an impressive sales improvement of 27% in April and almost 20% year-to-date.
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