Cars
When you spend four years more than €60 billion (US$80 billion) in developing a groundbreaking new platform, then you better make sure that your investment will pay off for itself big time.
- Vw Group Announces €4.2 Billion Investment In Spain From 2015 To 2019
VW Group has pledged to spend over €4 billion ($4,68 billion) in Spain from 2015 to 2019, the largest industrial investment ever made in the country. Read more »...
- General Motors Announces Third Quarter Financial Results, Profits Down 15%
General Motors announced on Wednesday its third quarter financial results. Earnings were down 15% compared to last year, from US$2.0 to US$1.7 billion, which equates to a US$1.03 profit per share compared to 2010’s US$1.20. The Detroit-based automaker's...
- Volkswagen Group Operating Profits Soar 86 Percent In The First 9 Months Of 2011
Whereas the rest of the European carmakers such as PSA Peugeot and Citroen and the Fiat Group are facing troubled times, the German auto industry is enjoying one of its most prosperous eras ever. On Thursday, Europe's largest automaker, the Volkswagen...
- Chrysler Reports Net Profits For The First Time Since Emerging From Bankruptcy
On Monday, the Chrysler Group LLC reported its first quarter gains since exiting bankruptcy almost two years ago in June 2009. The Auburn Hills-based automaker, which is now operated by Fiat S.p.A., said net income totaled $116 million in the first quarter...
- Audi To Invest 7.9 Billion Euros On New Models From 2008 To 2012
VW Group’s luxury carmaker Audi announced that it plans to spend a total of 10.6 billion euros from 2008 to 2012 in fixed investments. That’s compared to the 9.8 billion euros that Audi planned to spend from 2007 to 2011. According to Audi,...
Cars
VW May Start Selling MQB Platform to Other Carmakers after 2015
When you spend four years more than €60 billion (US$80 billion) in developing a groundbreaking new platform, then you better make sure that your investment will pay off for itself big time.
This is what the VW Group has done for its brand-new MQB platform, which is so flexible in terms of wheelbase, track width and seating positions that it will underpin a variety of different-sized models ranging from the Polo to the Passat – and everything else in between.
At the group’s profits announcement, it was revealed that in 2011, the number one European manufacturer increased its profits by more than 50 percent compared to 2010, to €11.3 billion (US$15 billion).
Read more »- Vw Group Announces €4.2 Billion Investment In Spain From 2015 To 2019
VW Group has pledged to spend over €4 billion ($4,68 billion) in Spain from 2015 to 2019, the largest industrial investment ever made in the country. Read more »...
- General Motors Announces Third Quarter Financial Results, Profits Down 15%
General Motors announced on Wednesday its third quarter financial results. Earnings were down 15% compared to last year, from US$2.0 to US$1.7 billion, which equates to a US$1.03 profit per share compared to 2010’s US$1.20. The Detroit-based automaker's...
- Volkswagen Group Operating Profits Soar 86 Percent In The First 9 Months Of 2011
Whereas the rest of the European carmakers such as PSA Peugeot and Citroen and the Fiat Group are facing troubled times, the German auto industry is enjoying one of its most prosperous eras ever. On Thursday, Europe's largest automaker, the Volkswagen...
- Chrysler Reports Net Profits For The First Time Since Emerging From Bankruptcy
On Monday, the Chrysler Group LLC reported its first quarter gains since exiting bankruptcy almost two years ago in June 2009. The Auburn Hills-based automaker, which is now operated by Fiat S.p.A., said net income totaled $116 million in the first quarter...
- Audi To Invest 7.9 Billion Euros On New Models From 2008 To 2012
VW Group’s luxury carmaker Audi announced that it plans to spend a total of 10.6 billion euros from 2008 to 2012 in fixed investments. That’s compared to the 9.8 billion euros that Audi planned to spend from 2007 to 2011. According to Audi,...