VOLKSWAGEN

News that European car sales rose for a third consecutive month in August helped lift the mood at the Frankfurt Motor Show, where automakers will showcase green technology they hope will transform the industry.

The head of Porsche's (PSHG_p.DE) core sports car business said he was warily upbeat about a rebound in 2010 after unit sales sank nearly a quarter -- twice as fast as revenue -- in the fiscal year to the end of July 2009.

Volkswagen's (VOWG.DE) powerful supervisory board chairman, Ferdinand Piech, left open the possibility of Europe's largest car maker acquiring further brands saying a dozen is easier to remember than ten.

Here are comments made by executives from the global automotive industry at the Frankfurt Motor Show this week on the economy and the industry outlook.

News that European car sales rose for a third consecutive month in August kicked off the Frankfurt Motor Show, where automakers are showcasing green technology they hope will transform the industry.

News that European car sales rose for a third consecutive month in August helped lift the mood at the Frankfurt Motor Show, where automakers will showcase green technology they hope will transform the industry.

The chief executive of Volkswagen (VOWG.DE), Europe's largest car maker, sees increasing signs for a recovery of the automotive market but cautions that the crisis is not over yet.

The chairman of German sports car maker Porsche (PSHG_p.DE), Wolfgang Porsche, is confident that a deal with Volkswagen (VOWG.DE) can be wrapped up within the next two years, he told Reuters on Monday.

British carmaker Bentley, owned by Volkswagen, is seeing some signs of revival in the super luxury vehicle segment and expects sales of premium cars to improve next year, one of its top executives said on Friday.

German carmaker Volkswagen (VOWG.DE) is bolstering its presence in Asia after approving 4 billion euros ($5.84 billion) in new investments for China and mounting another effort to build cars in Malaysia.

Canadian automotive supplier Magna International promised on Friday to ringfence its Opel operations once it takes control of the former General Motors carmaking unit.

After driving his BMW 5 series model for just three years, Chinese futures trader Jerry Lin traded in his car for an Audi A6.

German renewable energy company LichtBlick on Wednesday said it has teamed up with carmaker Volkswagen to bring miniature power stations for home use to the market in the spring of 2010.

Volkswagen Financial Services AG (VOWG.DE) announced plans on Monday to securitise auto leases in a benchmark-sized public deal that would reopen Europe's asset-backed securities (ABS) market after a year-long freeze.

After driving his BMW 5 series model for just three years, Chinese futures trader Jerry Lin traded in his car for an Audi A6.

Carmakers Daimler AG (DAIGn.DE) and Porsche (PSHG_p.DE) plan short working hours at plants in Germany later this year, abandoning hopes that a year-long sales swoon could reverse quickly.

The Gulf state of Qatar has taken a 10 percent voting stake in Porsche Automobil Holding SE (PSHG_p.DE) as agreed, the German automotive group said on Wednesday.

Volkswagen (VOWG.DE) plans to manufacture more car parts itself rather than buying from outside suppliers as part of a bid to boost productivity, the German carmaker's head of production told a German newspaper.

Stuttgart prosecutors raided another apartment and confiscated material in connection with a probe of Porsche (PSHG_p.DE) employees, the spokeswoman for the Stuttgart prosecutor's office said Tuesday.

The roughly 370,000 employees of Volkswagen and Porsche are striving initially to acquire a stake of up to 5 percent in the automotive group, VW's labor chief told a German newspaper.

The roughly 370,000 employees of Volkswagen and Porsche are striving initially to acquire a stake of up to 5 percent in the automotive group, VW's labor chief told a German newspaper.