Volkswagen Credit will stop offering leases and balloon loans on certified used VW vehicles next month. The new restrictions are designed to reduce VW Credit's losses in the volatile credit market.
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Volkswagen will begin producing its Touareg full-size SUV in Russia in January 2009, a company press release has announced.
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At a meeting with top managers in Dresden yesterday, Volkswagen chief executive Martin Winterkorn warned of hard times ahead.
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Next year, General Motors will be the biggest seller of vehicles equipped with direct injection in North America. The technology was initially borrowed from the realm of diesel engines, and is proving its ability to save fuel and reduce emissions. BMW, Volkswagen / Audi and Mazda also use the technology in some of their vehicles.
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Next year, General Motors will be the biggest seller of vehicles equipped with direct injection in North America. The technology was initially borrowed from the realm of diesel engines, and is proving its ability to save fuel and reduce emissions. BMW, Volkswagen / Audi and Mazda also use the technology in some of their vehicles.
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Ford Motor Co.'s Flex and F-150 pickup were among six finalists for the 2009 North American Car and Truck of the Year awards. The other cars were the diesel-powered Volkswagen Jetta TDI and Hyundai's Genesis luxury sedan.
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The Slovak government has confirmed that it will give Volkswagen a tax break to expand production at its Bratislava plant.
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The Slovak government said on Wednesday it had approved a tax break worth up to 431 million crowns ($20.02 million) for German carmaker Volkswagen, which plans to expand production portfolio of its Slovak factory.
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Volkswagen Group of America Inc. said today it is ready to begin construction on a paint shop for its planned assembly plant in Chattanooga, Tenn.
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Volkswagen has denied local media reports it would stop production in China for a month to reduce swelling inventory.
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Both Volkswagen and Kia are planning to expand their operations in Slovakia, according to the Slovakian economy minister, Lubomire Jahnatek.
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The Volkswagen works council leader, Bernd Osterloh, has been appointed head of the works council at Porsche Automobil Holding.
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Worker representatives voted unanimously on Monday to elect Volkswagen labor leader Bernd Osterloh as head of the works council at VW suitor Porsche Automobil Holding, Porsche said.
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Volkswagen chief Martin Winterkorn has predicted world car sales would fall by up to 20% next year while the industry would have to confront "painful" changes.
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Volkswagen's union chief Bernd Osterloh has taken the top role in Porsche Automobil Holding's works council. The move resolves one issue in a dispute between Porsche and VW over Porsche's plan to control VW, Europe's biggest carmaker.
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Volkswagen group's global sales fell 16.5 percent to 447,000 vehicles in November.
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Volkswagen has announced that it will sell its Brazilian heavy truck business to MAN.
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Unlike Volkswagen’s next baby, the real-life Chico made his debut on TV’s The X Factor. And an advertisement promoting a mooted congestion charging zone nearly did, too – until it was banned.The Greater Manchester Passenger Transport Executive had planned to push its road-pricing project ahead of a vote by plugging it at peak viewing time.
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Volkswagen plans to discuss possible cost-cutting measures including production cuts and canceling new models, Automobilwoche said, citing a person familiar with the matter.
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