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VW aims to be electric car leader by 2018

VW aims to be electric car leader by 2018
The biggest European carmaker, Volkswagen, said Monday that electric car sales should represent three percent of all sales by 2018, five years after the launch of its first production series. "The goal is to become the market leader in E-mobility by the year 2018," boss Martin Winterkorn said in a statement,...
March 2nd, 2010 | Green, VolksWagen | Read More

Volkswagen 2009 profit stalls

Volkswagen 2009 profit stalls
Volkswagen, the biggest European carmaker, said Friday that 2009 profit plunged by nearly 80 percent in the global slump but predicted that sales and operating profit would rebound this year. VW reported a 79.8 percent drop in net profit to 960 million euros (1.3 billion dollars) on sales that fell...
February 27th, 2010 | Auto Sales, VolksWagen | Read More

Volkswagen recalls 20,000 cars in Mexico

Volkswagen recalls 20,000 cars in Mexico
German automaker Volkswagen said it was recalling some 20,000 cars in Mexico, a day after it announced the recall of nearly 200,000 cars in Brazil over potential wheel malfunctions. The company said the recall in Mexico had been ordered over the "possibility that the rear wheel bearings could be insufficiently...
February 13th, 2010 | Recall News, VolksWagen | Read More

Volkswagen recalls 193,600 vehicles

Volkswagen recalls 193,600 vehicles
German carmaker Volkswagen announced Thursday a recall of more than 193,000 vehicles in Brazil for malfunctions in the rear wheels of its Novo Gol and Voyage models. The company said it had determined the component had not been sufficiently lubricated, which could cause the rear wheels to seize up or...
February 12th, 2010 | Recall News, VolksWagen | Read More

Toyota global sales slide, cutting lead over VW

Toyota global sales slide, cutting lead over VW
Japan's Toyota Motor Corp. said Monday its global vehicle sales fell 13 percent in 2009 to about 7.81 million vehicles, reducing its lead over Germany's Volkswagen, which enjoyed a record year. It was a dramatic turnaround from 2008, when Toyota ended the 77-year reign of US giant General Motors...
January 25th, 2010 | Toyota, VolksWagen | Read More

Record China sales boost Volkswagen

Record China sales boost Volkswagen
Record September sales in the key Chinese market boosted the global sales and market share of Volkswagen, Europe's biggest carmaker, the German firm said on Friday, as it warned of a "difficult year" ahead. Deliveries in China in September broke all previous records with just under 150,000 units sold,...
October 16th, 2009 | VolksWagen | Read More

Porsche buy launches VW drive for world domination

Porsche buy launches VW drive for world domination
Volkswagen's triumphant bid to take over luxury German carmaker Porsche marks the end of a bitter family power struggle and the start of a drive to become the world's top auto manufacturer. "VW and Porsche are entering a new era -- the company has the means to become number one," pipping Japan's Toyota...
August 16th, 2009 | VolksWagen | Read More

VW manages a profit

VW manages a profit
Germany's Volkswagen, the biggest European carmaker, said Thursday it was still churning out a profit despite the global economic crisis, but was cautious about future prospects. VW posted a second-quarter net profit of 283 million euros (400 million dollars), a huge drop of 83 percent from the same...
July 30th, 2009 | VolksWagen | Read More

VW may raise 4 bln euros for Porsche deal

VW may raise 4 bln euros for Porsche deal
Volkswagen, Europe's biggest automaker, could raise fresh capital of up to four billion euros (5.7 billion dollars) to finance the takeover of its main shareholder Porsche, a report said Monday. On Thursday, VW said it would take control of the sports car icon after a lengthy battle for which of the...
July 27th, 2009 | VolksWagen | Read More

Volkswagen pursues global goal after Porsche coup

Volkswagen pursues global goal after Porsche coup
Volkswagen has bolstered its bid to become the world's biggest automaker by 2018 after it won a bruising battle with its biggest shareholder, Porsche. VW, the biggest European car maker, wants to overtake Toyota as number one, but a boardroom struggle with the sportscar icon, which was resolved Thursday,...
July 24th, 2009 | Porsche, VolksWagen | Read More
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