Porsche, 4.4Bn Euros Loss for 2008/2009 Fiscal Year
13 Nov 2009, 07:37 UTC · By: Daniel Patrascu / German luxury carmaker Porsche announced yesterday it has ratified the financial statements for the fiscal year 2008/2009 (ending 31 July 2009). All fine and dandy, if it weren't for the huge 4...
VW, Audi, SEAT, Skoda Models Recalled Due to DSG Glitch
12 Nov 2009, 11:05 UTC · By: Bogdan Popa / Volkswagen Group has issued a massive recall for several models produced by the brands it owns, including Skoda and SEAT. It appears the German manufacturer discovered a malfunction in the DSG syste...
Karl-Thomas Neumann, VW Group CO for Electric Traction
12 Nov 2009, 10:36 UTC · By: Daniel Patrascu / German carmaker Volkswagen has just established a new position within its ranks, Group Chief Officer for Electric Traction, being perhaps among the first carmakers to do so. As the name suggests, th...
Qatar Sells Half of VW Shares
11 Nov 2009, 10:49 UTC · By: Daniel Patrascu / In an alleged attempt to increase the liquidity of the company, Qatar Holding, the investment group of the Qatari state, announced it has sold half of its Volkswagen preference shares, managing to r...
VW to Build New Plant in China
10 Nov 2009, 15:38 UTC · By: Daniel Patrascu / Taking the statements made by VW CEO Martin Winterkorn in July seriously, German carmaker Volkswagen has already began its "South Strategy" campaign, part of its "2018 Strategy"....
VW Bus Stolen 35 Years Ago Returns to Owner
10 Nov 2009, 11:57 UTC · By: Alex Vasile / In 1974, a Washington State hippie got sad as his 1965 Volkswagen Type2 love van was stolen. Nothing happened until October 19 of this year, when during a routine check in the Port of Los Angeles, c...
VW Sings New Global Labor Charter with Workers
2 Nov 2009, 13:13 UTC · By: Daniel Patrascu / German carmaker Volkswagen announced late last week it has signed a new Global Labor Charter with the International Metalworkers' Federation and VW employee representatives from 60 locations in...
VW Scirocco R and Golf R Launched in the UK
2 Nov 2009, 08:23 UTC · By: Bogdan Popa / Volkswagen launched the Scirocco R and the Golf R earlier this year but the two models have finally arrived in the United Kingdom and are now available for order. Developed by Volkswagen Individual,...
VW Awards Its Apprentices
29 Oct 2009, 14:59 UTC · By: Daniel Patrascu / German carmaker Volkswagen presented today the 2009 Best Apprentice Award to 22 apprentices from eleven countries during a joint meeting of the Global Group Works Council and the Group Board of Mana...
LG, Volkswagen Sign Car Audio Deal
26 Oct 2009, 14:21 UTC · By: Bogdan Popa / Volkswagen and South Korean-based company LG Electronics signed an agreement for car audio systems to be installed in vehicles manufactured by the German automaker. According to Reuters, the deal is...
VW Polo Sedan for India in the Works
23 Oct 2009, 09:16 UTC · By: Bogdan Popa / Volkswagen is reportedly working on a sedan flavor of the already-popular Polo that could be released in India. Furthermore, the German brand is studying the possibility to establish new production ...
Volkswagen to Build DSG Plant in China
23 Oct 2009, 08:41 UTC · By: Bogdan Popa / Volkswagen has already emphasized that it wants to increase its Chinese operations in the near future and it appears the company is also considering building another DSG plant in Dalian, China. Sour...
Volkswagen Wants More Efficient Cars in China
22 Oct 2009, 14:01 UTC · By: Bogdan Popa / Volkswagen has already announced enthusiastic plants for China but the company continues to announce new goodies for this particular growing market. This time, the German brand said it wants more fu...
VW to Kill Passat in the US When New Sedan Arrives
21 Oct 2009, 09:26 UTC · By: Bogdan Popa / Volkswagen will most likely discontinue the Passat sedan and wagon in the United States when the company debuts the new mid-size sedan in 2011. The new model will be larger than the Passat but will ...
Volkswagen Begins Full Production in Russia
21 Oct 2009, 07:48 UTC · By: Bogdan Popa / Volkswagen Group today announced that it will begin full production at the Russian plant in Kaluga, with the facility expected to build around 150,000 vehicles per year. The plant has already rolled...
Volkswagen to Take 49.9 Percent of Porsche
21 Oct 2009, 07:34 UTC · By: Daniel Patrascu / Things seem to come into place for German carmakers Porsche and Volkswagen, as the latter announced today it will begin the merger process by taking, at first, a 49.9 percent stake in Porsche. After...
VW to Increase Capital to Buy Porsche
17 Oct 2009, 20:56 UTC · By: Daniel Patrascu / German manufacturer Volkswagen announced yesterday its plans for the increase of the group’s share capital by the end of December 2, 2014. The increase, which will be submitted to vote at the...
Volkswagen Golf R, Scirocco R Up for Grabs
16 Oct 2009, 07:58 UTC · By: Bogdan Popa / Volkswagen yesterday announced that both the Golf R and Scirocco R are now available to order in Germany. Both models are especially customized to provide advanced engine performance mixed with outs...
Shanghai VW: 25 Years, 5 Million Vehicles
15 Oct 2009, 10:21 UTC · By: Bogdan Popa / Volkswagen's Chinese joint venture, Shanghai VW, is celebrating the 25th anniversary and, together with this important milestone, the company also announced that it rolled out the 5 millionth m...
VW Passat CC - Made in China, Sold as Magotan CC
12 Oct 2009, 09:27 UTC · By: Bogdan Popa / Volkswagen will start production of the Passat CC in China as soon as 2010 and will sell the model locally as Magotan CC. Production will be handled by Volkswagen's Chinese partner FAW Group, a...