Volkswagen (VOWG.DE), Europe's biggest carmaker, gave a wary outlook for world automotive markets on Monday even while reporting a third consecutive month of sales growth in July.
German carmakers Porsche (PSHG_p.DE) and Volkswagen (VOWG.DE) might merge in 2010 already instead of 2011 as currently planned, German newspaper Die Welt reported, citing VW's finance chief.
Opel labor leader Klaus Franz branded Volkswagen's renewed threat to pull business from Canadian auto parts supplier Magna if it acquires VW's closest German rival as tantamount to blackmail.
Opel labor leader Klaus Franz branded Volkswagen's renewed threat to pull business from Canadian auto parts supplier Magna if it acquires VW's closest German rival as tantamount to blackmail.
The previous chief executive of Volkswagen, Bernd Pischetsrieder, is favourite to head the supervisory board of German car parts maker Continental AG, magazine Der Spiegel reported, without saying where it obtained its information.
Volkswagen Chief Executive Martin Winterkorn is set to become CEO of Porsche SE as well, two people familiar with the situation said on Thursday.
Volkswagen on Thursday agreed to buy a 42 percent stake in the sports car unit of debt-ridden Porsche SE , another step toward combining the two German carmakers into a European automotive giant.
Volkswagen (VW) and Porsche have broadly agreed on details for a deal to combine two of Europe's most storied automakers, two VW supervisory board members told Reuters on Wednesday.
Volkswagen (VW) (VOWG.DE) and Porsche (PSHG_p.DE) have broadly agreed on details for a deal to combine two of Europe's most storied automakers, two VW supervisory board members told Reuters on Wednesday.
Volkswagen is targeting a decline in full-year sales of 5 percent, or not much below 5.92 million vehicles, from an earlier forecast for a 10 percent fall, group sales chief Detlef Wittig told Autogazette in an interview published on its website.
Germany's Volkswagen AG (VOWG.DE), Europe's biggest automaker, plans to produce 1 million vehicles in Brazil by 2012, 39 percent more than in 2008, Valor Economico newspaper said on Thursday, citing a senior company executive.
Leading global automakers reported forecast-beating quarterly results on Tuesday, but continued to give cautious outlooks for the industry, which remains hard hit by weak demand and a lack of consumer credit.
The German state of Lower Saxony sees growing chances to wrest control in the merger of carmakers VW and Porsche from the Porsche and Piech families, a German magazine reported on Saturday.
German carmaker Audi's cash pile grew over the first half of the year, and now accounts for nearly 80 percent of parent Volkswagen's war chest.
Automakers in Europe and Japan unveiled weak results for the first half of the year on Thursday and are set to keep tight control over costs but most predict an improvement in conditions for the rest of 2009.
Automakers in Europe and Japan unveiled weak results for the first half of the year on Thursday and are set to keep tight control over costs but most predict an improvement in conditions for rest of 2009.
Volkswagen, Europe's largest carmaker, is considering a capital increase as one option among many to finance its takeover of debt-laden sports car maker Porsche, bankers familiar with the situation said.
Volkswagen (VOWG.DE), Europe's largest carmaker, is considering raising up to 4 billion euros ($5.7 billion) ahead of a takeover of Porsche (PSHG_p.DE) to protect its credit ratings, the Financial Times reported on Monday.
Porsche's owner families have agreed with a key Volkswagen shareholder that controversial clauses of a law protecting Volkswagen from hostile takeovers would be absorbed into the by-laws of Europe's biggest carmaker itself, a German magazine said on Saturday.
Deutsche Bank CEO Josef Ackermann has told Porsche's owner families of the urgency to stump up cash in order to pay down the company's debts, which have risen to 14 billion euros (20 billion pounds), a German magazine said on Saturday.
Representatives of the families that own Porsche (PSHG_p.DE) are set to take up seats on Volkswagen's (VOWG.DE) supervisory board vacated by former Porsche Chief Executive Wendelin Wiedeking and his finance chief Holger Haerter, sources close to Volkswagen said Friday.
Porsche conceded defeat in a months-long power struggle with Volkswagen Thursday by axing its embattled CEO, paving the way for VW to merge with the maker of the 911 sportscar.
