With the Porsche business settled, Volkswagen goes for the grand prize: To unseat Toyota and to become the world's largest carmaker. They are closer than many may think.
Volkswagen AG (VW) said August 14 that it would raise 4 billion euros ($5.7 billion) in capital for a stake in Porsche AG. The company agreed to buy a 42 percent stake last Thursday in the sports car unit of debt-ridden Porsche SE, and it will pay up to 3.3 billion euros this year for the initial...
Although FAW's Golf VI hasn't been unveiled yet, car enthusiasts are curious about it. To compete for a bigger share of the market, Shanghai Volkswagen will launch its "secret weapon", the hatchback Model A which is still kept under wraps until the second half of 2011. Jointly developed by Shangh...
FAW Volkswagen, the joint venture between China's First Automobile Works and Volkswagen Group, recently inked agreements with 22 auto part makers worldwide, paving the way for its vehicle manufacturing project in Chengdu, the capital of Sichuan Province, sources reported. The project,...
July 23 - Porsche Automobil Holding SE directors sacked the firm's CEO and CFO following an all-night board meeting, clearing the way for the carmaker to merge with Volkswagen, Europe's largest carmaker. Following are some...
SHANGHAI, July 13 - Volkswagen AG, Europe's largest automaker, said on Monday that vehicle sales in China and Hong Kong during the first half of this year jumped 22.7 percent from a year earlier, benefitting...
Germany-based Volkswagen AG has recalled 8,680 Touareg vehicles in China due to a body structure defect, said China's State Administration of Quality Supervision and Inspection and Quarantine (AQSIQ) Friday, the official Xinhua News Agency reported. The country's quality supervisor said that the defect...
FRANKFURT, July 11 - Volkswagen has improved an offer to buy almost half of Porsche, a magazine reported on Saturday, a deal that would reverse an ambitious bid by the luxury carmaker for VW that...
The power struggle between Wendelin Wiedeking of Porsche and Ferdinand Piech of Volkswagen has attracted other suitors.
GM and Ford are suspending production in Russia, but Volkswagen will likely stay.