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Mar
18th

GERMANY: Morgan Stanley cuts Volkswagen rating

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Morgan Stanley has lowered its rating of the German car manufacturer Volkswagen to "underweight" from "equal weight". The bank also cut its target price to EUR20 from EUR28. Full story...
Mar
18th

Morgan Stanley downgrades Volkswagen to underweight

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Morgan Stanley downgraded preferred shares of Germany's Volkswagen to "underweight" from "equal weight," and estimated net liquidity to decline by 16 million euros a day in 2009, resulting in a modest net debt position within 18 months. Full story...
Mar
18th

Cost to make VW Up worries Skoda, Seat

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Volkswagen brand engineers want to install components in the Up that would make it too expensive for Skoda and Seat, a VW group engineer told Automotive News Europe. Full story...
Mar
18th

Magna unveils plans for Russia car parts factory

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Magna International announced plans to build a new factory in Russia. The European arm of Canada's Magna International will build a car parts factory to supply the Volkswagen plant in Kaluga, near Moscow. Full story...
Mar
17th

Magna unveils plans for Russia car parts factory

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Magna International today announced plans to build a new factory in Russia. The European arm of Canada's Magna International will build a car parts factory to supply the Volkswagen plant in Kaluga, near Moscow. Full story...
Mar
17th

GERMANY: VW-Toyota tech ties touted

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The prime minister of Lower Saxony, Christian Wulff, will hold talks tomorrow (18 March) with Toyota Motor president Katsuaki Watanabe to propose a technological tie-up between Volkswagen and Japanese automakers. Full story...
Mar
17th

RUSSIA: No layoffs for Ford, VW

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Ford and Volkswagen do not plan to lay off employees at their Russian plants, the directors of the carmakers' Russian subsidiaries told news agency Prime-Tass on Tuesday. Full story...
Mar
17th

Volkswagen sees threat to financial services sector

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Volkswagen's largest captive financial services subsidiary believes rising risk premiums will likely force its poorly capitalized rivals to consolidate or go out of business. Full story...
Mar
16th

US: VW renews Major League Soccer sponsorship deal

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Volkswagen of America, Inc., Major League Soccer and Soccer United Marketing, MLS's marketing arm, today announced a new multi-year partnership. The agreement renews Volkswagen's status as the Official Automotive partner of Major League Soccer. Volkswagen has been an MLS partner since 2008 Full story...
Mar
16th

CHINA: FAW-VW JV takes over FAW Chengdu unit

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Volkswagen's car making joint venture in north China with FAW has agreed to take over a subsidiary from FAW Group for 502.35 million yuan. Full story...
Mar
16th

VW planning to sell 2 versions of Polo compact in U.S.:

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Volkswagen plans to sell two versions of its Polo compact car in the United States: a sedan smaller than the current Jetta and a four-door hatchback roomier than the one shown this month at the Geneva auto show. Full story...
Mar
16th

VW will sell 2 versions of Polo compact in U.S.:

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Volkswagen plans to sell two versions of its Polo compact car in the United States: a sedan smaller than the current Jetta and a four-door hatchback roomier than the one shown this month at the Geneva auto show. Full story...
Mar
16th

Scrapping incentive prevents VW production halt in South Africa

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High demand for the new Volkswagen Polo has stopped a temporary closure of the automaker's plant in South Africa, according to a German newspaper report. Full story...
Mar
15th

Scrapping incentive prevents VW production halt in South Africa

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High demand for the new Volkswagen Polo has stopped a temporary closure of the automaker's plant in South Africa, according to a German newspaper report. Full story...
Mar
13th

VW’s Jacoby says few countries ready for EVs

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It will take as long as 35 years for electric vehicles to gain a significant share of the global auto market, says Stefan Jacoby, CEO of Volkswagen Group of America. Full story...
Mar
13th

US: VW chief sees 2009 sales 10m or less

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Volkswagen's American chief thinks US auto sales this year could come in under 10m units if consumer demand does not recover. His comments came as analysts at CSM Worldwide forecast sales of 9.7m units for 2009. Full story...
Mar
12th

Dakar Rally 2009 – Out of Africa

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Dakar Rally 2009 - Out of Africa
Dakar Rally 2009 - Volkswagen Touareg 2 TDI Diesel Crossover - Automobile Magazine
The Legendary Dakar Rally makes a successful transition to South America.

When the famed Paris-Dakar rally was canceled in 2008 as a result of terrorist threats-not to mention the murders of French tourists and Mauritanian military personnel along the rally route-it seemed that perhaps an era had come to an end. For the first time in three decades, there would be no testing of man and machine against the rigors of the grueling Sahara Desert. But for 2009, rally organizers regrouped and looked west. Far west. The 2009 Dakar rally's new venue was a 9578-kilometer (5952-mile) run through the belly of South America. From Buenos Aires, Argentina, the route headed south to the shores of the Atlantic; west across the Andes to Chile and the Pacific Ocean; and north to the Atacama, the world's highest and driest desert; before swinging east across the snow-capped Andean spine to follow a southerly track that ended back in Buenos Aires. The reimagined rally drew some 500 entries from around the globe, and 271 of them finished: 113 motorcyclists, 91 car teams, 54 truck teams, and 13 quad riders.


Photo Gallery: Dakar Rally 2009 - Volkswagen Touareg 2 TDI Diesel Crossover - Automobile Magazine


Full story...
Mar
12th

GERMANY: Volkswagen reports profits up for ’08; warns on ’09

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Despite what it termed 'the dramatic deterioration in its business environment', the Volkswagen Group has said it met its unit sales, sales revenue and earnings targets last year and recorded the best figures in its history. Full story...
Mar
12th

Volkswagen sees one of hardest years in history

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Volkswagen today said its vehicle sales, revenue and earnings would all decline this year as a crisis in the auto industry continues. Full story...
Mar
12th

Volkswagen sees one of hardest years in history

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Volkswagen today said its vehicle sales, revenue and earnings would all decline this year as a crisis in the auto industry continues. Full story...
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