Cars
Volkswagen Group wants to offset decreasing demand in Europe by rolling out 60 new and updated models before the end of this year. At the shareholders’ meeting in Hanover, Germany, VW Group CEO Martin Winterkorn said the company’s target remains unchanged – to reach the top of the automotive industry.
- Audi Adds Extra Shifts To Meet Demand For Its A6 And A7 Models
While most carmakers in Europe complain of overcapacity and are forced to close plants, Audi announced that it has added 12 extra shifts at its factory in Neckarsulm, Germany. This happened in the first quarter of this year, due to strong demand for...
- Marchionne Says Fiat May Close Two Italian Plants If U.s. Export Plans Fail
Fiat CEO Sergio Marchionne may have succeeded in signing a deal with the Italian worker unions, yet decreasing demand in the struggling European market may still force him to take extreme measures. And while Marchionne does not expect the situation in...
- Vw Group Enters Production Deal With Russia’s Gaz
In its never-ending quest for global domination, the VW Group signed an agreement with the GAZ Group to assemble Volkswagen and Skoda models under contract at the Russian automaker’s in Nizhny Novgorod. The two companies had already concluded...
- Skoda To Challenge The Big Boys At Bonneville Speed Week With 600hp Octavia Rs
With the help of the Volkswagen Group, Skoda has turned out to be quite an important player in the automotive industry. The Czech automaker delivered more than 760,000 cars last year and aims to double its annual sales to 1.5 million by 2018. But it’s...
- Volkswagen And Porsche Close Merger Deal
Europe's largest automaker, Volkswagen, and Porsche announced today that they reached an agreement to merge their operations to create an integrated automotive group led by VW. Under the agreement, Volkswagen will buy a 42 percent stake in Porsche's...
Cars
VW Group’s Offensive This Year Includes 60 New and Updated Models
Volkswagen Group wants to offset decreasing demand in Europe by rolling out 60 new and updated models before the end of this year. At the shareholders’ meeting in Hanover, Germany, VW Group CEO Martin Winterkorn said the company’s target remains unchanged – to reach the top of the automotive industry.
Europe’s largest carmaker is targeting higher sales and revenue this year with its revamped VW Golf and Skoda Octavia, plus the new Audi A3 Sedan, which targets especially the Chinese and U.S. markets. VW is hoping these new models will help make up for a slowdown in Europe, where demand is nearing the lowest point in 20 years.
Read more »- Audi Adds Extra Shifts To Meet Demand For Its A6 And A7 Models
While most carmakers in Europe complain of overcapacity and are forced to close plants, Audi announced that it has added 12 extra shifts at its factory in Neckarsulm, Germany. This happened in the first quarter of this year, due to strong demand for...
- Marchionne Says Fiat May Close Two Italian Plants If U.s. Export Plans Fail
Fiat CEO Sergio Marchionne may have succeeded in signing a deal with the Italian worker unions, yet decreasing demand in the struggling European market may still force him to take extreme measures. And while Marchionne does not expect the situation in...
- Vw Group Enters Production Deal With Russia’s Gaz
In its never-ending quest for global domination, the VW Group signed an agreement with the GAZ Group to assemble Volkswagen and Skoda models under contract at the Russian automaker’s in Nizhny Novgorod. The two companies had already concluded...
- Skoda To Challenge The Big Boys At Bonneville Speed Week With 600hp Octavia Rs
With the help of the Volkswagen Group, Skoda has turned out to be quite an important player in the automotive industry. The Czech automaker delivered more than 760,000 cars last year and aims to double its annual sales to 1.5 million by 2018. But it’s...
- Volkswagen And Porsche Close Merger Deal
Europe's largest automaker, Volkswagen, and Porsche announced today that they reached an agreement to merge their operations to create an integrated automotive group led by VW. Under the agreement, Volkswagen will buy a 42 percent stake in Porsche's...