Europe's biggest car manufacturer says sales of its brands fell 21% in the first quarter.
Toyota's place as No. 1 in the world faces a challenge. Not from Detroit, but from Wolfsburg.
German carmaker posts a 76% drop in operating profit in Q1 while Peugeot reports a sales decline of 25%.
Automakers must work to improve fuel efficiency and reduce emissions as they struggle to deal with the toughest economic conditions in more than a generation, Volkswagen's U.S. CEO said Wednesday.
Shanghai, October 23 (Gasgoo.com) Volkswagen seeks to build another DSG plant in Dalian, China. The plant is expected to be completed in 2012 and reach an annual production capacity of 500,000 sets, said an insider of VW China, Beijing Times reported today.
Shanghai, September 23 (Gasgoo.com) Volkswagen AG is planning to acquire the cash-strapped South Korean automaker Ssangyong Motor, with the help of its Chinese partner SAIC Motor, SinoCast reported today.
Volkswagen AG, world's third-largest auto maker, Friday said it plans to invest EUR 4 billion in China by 2011 to expand its production capacity and product line-up in the country to meet increasing demand, the Shanghai Daily reported. The company said in a statement that it will use cash from its joint ventures in...
Volkswagen AG said Friday it will invest euro 4 billion ($5.83 billion) in increasing production and capacity in China by 2011 in a bid to keep pace with soaring demand. "Demand for our models is growing so dramatically that our capacities in China are no longer sufficient," Volkswagen Chief Exec...
In July the Volkswagen Group sold 556,900 units, up by 6.7 percent year-on-year. Sales in China have surpassed those in Germany again to reach a record increase of 68.4 percent. Chinese customers purchased 127,900 Volkswagen vehicles last month, 14,200 more units than German buyers. Domestic sale...
Volkswagen AG, world's third-largest auto maker, yesterday launched a new mid- to high-end Skoda sedan, in the Chinese market as part of its plan to tap the fast-growing Skoda brand to boost sales and to compete better against General Motors Corp and Toyota Motor Corp, the Shanghai Daily reported.The...