Volkswagen said Monday it would increase its investment in China by €1.6 billion ($2.1 billion) over the next two years, building two new production sites.
Europe's biggest car maker, Volkswagen, announced on Tuesday a long-awaited capital increase aimed at ensuring strong credit ratings as VW takes over the luxury sports car maker Porsche.
The Gulf emirate of Qatar is looking for more German investment opportunities after becoming the third biggest shareholder in Volkswagen, a top official told the business daily <i>Handelsblatt</i>.
Volkswagen's flashy brand Audi is racing ahead of VW's other makes and generated more than 85 percent of total operating profit in 2009, according to group figures released on Thursday.
Nearly 100,000 Volkswagen employees in Germany have had their jobs guaranteed until the end of 2014 under a deal struck between the carmaker and union officials on Tuesday.
German luxury sports car maker Porsche, which is being folded into the Volkswagen group, said Friday its 2009/2010 first half sales had fallen, but forecast a gain for the year as a whole.
Volkswagen on Monday reported record results in 2009 despite a difficult year for the auto industry, as it pursues Japanese rival Toyota for the title of world's number one carmaker.
Europe's biggest carmaker Volkswagen began production of its popular mass-market Polo hatchback in India on Saturday, announcing it aimed to grab up to 10 percent of the fast-growing automobile market there.
In a deal that could accelerate the restructuring of the global automobile industry, German car giant Volkswagen announced on Wednesday it was buying a major stake in Japan's Suzuki.
Volkswagen's third quarter profit plunged 85.7 percent on a 12-month basis on Thursday, but Europe's biggest carmaker said it should still end the year in the black thanks to the booming Chinese market.
The Volkswagen subsidiary Audi is set to invest €1.9 billion in its own factories, it was announced Saturday. The move is part of a crisis-defying trend among Germany's luxury car brands.
Volkswagen, the biggest European automaker, said on Tuesday it would buy 49.9 percent of the luxury sports car maker Porsche by the end of this year for around €3.9 billion ($5.8 billion).
Sports car maker Porsche is planning to build cheaper versions of its luxury models in an effort to attract more buyers, the magazine <i>Automobilwoche</i> reported Saturday.
Europe's biggest car marker Volkswagen could become a shareholder of its Japanese competitor Suzuki before the end of the year, according to the German auto industry magazine <i>Automobilwoche</i>.
The titanic power struggle between two of Germany’s auto giants went into the next round on Sunday, as Uwe Hück, head of Porsche’s works committee defied VW’s takeover.
Volkswagen are planning a total takeover of Porsche, revising earlier reports that VW was only buying half of the sports car giant, news magazine <i>Der Spiegel</i> said Saturday.
The German heavy truck maker MAN unveiled a key Chinese investment Wednesday, saying it would buy 25 percent plus one share of the country's leading truck maker, Sinotruk.
The German business landscape has taken a hit from the economic crisis, and only five remain ranked in the top 100 companies of the world, daily <i>Die Welt</i> reported on Tuesday.
Auto industry experts fear a sharp downturn in sales after this year’s figures have been dramatically boosted by the car-scrapping premium the German government introduced in January, news magazine <i>Der Spiegel</i> reported Thursday.
Stricken German luxury sportscar maker Porsche said on Tuesday that its request for a €1.75-billion-euro loan from the German state had been rejected.
Volkswagen is suspending talks about a possible merger with Porsche and blamed the sports car maker for creating an atmosphere that was “not constructive,” a VW spokesman said Sunday.
Europe's largest car-maker Volkswagen on Tuesday opened a new plant in western India, which it hopes will eventually roll out 110,000 vehicles a year for the growing domestic market.
