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Volkswagen AG

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  • Grilled: Lexus seeks design edge over premium rivals Saturday, 18 Apr 2015 | 2:09 AM ET

    BEIJING, April 18- Big may be beautiful, but Toyota Motor Corp's global design chief is betting that edgy is the way to go for the Japanese automaker's premium Lexus brand, specifically its signature' spindle grille' design. While some industry rivals and design experts say the jagged-edged, trapezoid grille is downright ugly, 63- year-old Fukuichi stands by the...

  • BERLIN, April 17- Martin Winterkorn will stay on as chief executive of Volkswagen, the German carmaker said on Friday, in an unprecedented defeat for its powerful chairman. Ferdinand Piech, the patriarch of Volkswagen's founding family, had provoked a showdown with Winterkorn by planting a comment in weekly magazine Der Spiegel last week that he had "distanced...

  • The revived momentum for Chinese automakers adds to pressure on General Motors Co., Volkswagen AG and other global brands that see China's crowded market as their future at a time when sales growth is slow in the United States and stalled in Europe. Producers including Nissan Motor Co., VW and Mercedes Benz see the market as so important they increasingly are...

  • BEIJING, April 17- Two years ago, just one Chinese SUV ranked among the country's top-10. Despite preferential government policies, local carmakers have failed to really compete with foreign automakers like Volkswagen AG and General Motors in sedan sales. Chongqing Changan Automobile and Great Wall Motor will launch fresh versions of their top-selling SUVs...

  • China auto brands enjoying rebound driven by new models Thursday, 16 Apr 2015 | 9:36 PM ET

    The revived momentum for Chinese automakers adds to pressure on General Motors Co., Volkswagen AG and other global brands that see China's crowded market as their future at a time when sales growth is slow in the United States and stalled in Europe. Producers including Nissan Motor Co., VW and Mercedes Benz see the market as so important they increasingly are...

  • BERLIN/ STUTTGART, April 15- Volkswagen's first leadership crisis in a decade has burst into the open with Chairman Ferdinand Piech's surprise public denunciation of CEO Martin Winterkorn-- but the standoff is now more likely to play out behind closed doors. Piech, 77, will meet cousin Wolfgang Porsche and other family members within days, company sources said,...

  • Toyota to set up shop in yet another country Wednesday, 15 Apr 2015 | 9:00 AM ET
    A Toyota Corolla LE is displayed during the LA Auto Show in Los Angeles, November 2013.

    Toyota is joining other major automakers and turning to this Latin country to build and export vehicles.

  • BERLIN/ STUTTGART, April 15- Volkswagen's first leadership crisis in a decade has burst into the open with Chairman Ferdinand Piech's surprise public denunciation of CEO Martin Winterkorn-- but the standoff is now more likely to play out behind closed doors. Piech, 77, will meet cousin Wolfgang Porsche and other family members within days, company sources said,...

  • Ford sales accelerate in recovering European market Tuesday, 14 Apr 2015 | 9:10 AM ET

    Ford of Europe's vice president of sales, Peter Fleet, says the increase is due mostly to a recovering economy, not just low interest rates or economic stimulus programs. The company also said it came in No. 1 in market share in commercial vehicles in Europe for the first time since 1997.. "Whichever way you cut it, it's very clear that there is some strong industry...

  • German automaker BMW has best March sales ever Tuesday, 14 Apr 2015 | 5:15 AM ET

    FRANKFURT, Germany— German automaker BMW says it had its best March sales ever. After the March figures, BMW AG held its sales lead during the first quarter over its rival German luxury carmakers, Volkswagen AG's Audi brand and Mercedes-Benz from Daimler AG. BMW sold 451,576 vehicles to 438,250 for Audi and 429,602 for Mercedes-Benz.

  • Why VW's leadership clash could spell trouble Monday, 13 Apr 2015 | 9:10 AM ET

    With a leadership clash at Germany's Volkswagen surfacing this weekend, concerns over what impact it could have on business are growing.

  • LONDON/ MILAN, April 13- Fiat Chrysler boss Sergio Marchionne is hoping for a big deal, possibly in the United States, to plug the carmaker's weaknesses and cement his legacy before stepping down in early 2019, sources familiar with the situation said. Marchionne and Fiat's founding Agnelli family are showing particular interest in General Motors, several...

  • World stocks keep rising on greater optimism Thursday, 9 Apr 2015 | 12:03 AM ET

    A buying spree by mainland Chinese investors pushed Hong Kong's benchmark sharply higher. HONG KONG: Hong Kong's benchmark closed at its highest level in eight years after mainland Chinese investors bought heavily. THE QUOTE: "Money came flooding into Hong Kong's stock market Wednesday, and the market took flight, trading at its highest since 2008 and setting...

  • Tesla boosts range, power and price of low-end Model S Wednesday, 8 Apr 2015 | 7:01 AM ET

    DETROIT— Electric car maker Tesla Motors is going after mainstream luxury car buyers by adding all-wheel-drive and more range and power to the base version of its only model. CEO Elon Musk says with a $7,500 federal tax credit that takes the price to $67,500, plus tax credits in some states, the new version is price-competitive with BMW's midsize 5- Series, or the...

  • FACTBOX-Romania steps up battle against corruption Wednesday, 8 Apr 2015 | 1:00 AM ET

    BUCHAREST, April 8- Romania's crackdown on corruption is having an unintended consequence: investment is slowing as many officials avoid approving projects lest they become the next target of the investigators. The following are details of investigations opened in 2014, as announced by Romania's anti-corruption agency. Business community: local...

  • Euro falls near $1, but European goods remain pricey Monday, 6 Apr 2015 | 10:54 AM ET

    In theory, car dealerships, department stores and other companies that sell goods from Europe could pass on the savings to their American customers, said Ira Kalish, chief global economist at Deloitte, the consulting and accounting firm. Demand for anything made in Europe is so strong that they have little trouble moving merchandise. " Since then, it sank as low as...

  • *China factory capacity seen up to 100,000 cars per year. TOKYO, April 3- Japan's Toyota Motor Corp will spend about 150 billion yen to build two new car plants in Mexico and China, two people familiar with plans said, ending a three-year freeze imposed after unchecked growth lumbered the world's biggest auto maker with too many idle production lines.

  • NEW YORK, April 2- Mercedes-Benz and BMW are probing unauthorized exports of luxury cars from the United States to China, which have recently surged and threaten profit in the world's largest auto market, senior executives said. As a result, Daimler AG, which owns premium auto brand Mercedes-Benz, said it intensified efforts to clamp down on exports of U.S. models...

  • UPDATE 5-U.S. auto sales edge higher in March Wednesday, 1 Apr 2015 | 5:38 PM ET

    *Ford beats expectations; GM, Honda miss expectations. Among the strong performers were Toyota Motor Corp, Hyundai Motor Co, Kia Motors Corp and Audi. While dealership traffic began to pick up last month, "the second quarter looks to be even more favorable" because of pent-up demand after a harsh winter, according to Eric Lyman, vice president of industry insights for...

  • *Toyota, Hyundai, Kia, Audi among strong performers. Among the strong performers were Toyota Motor Corp, Hyundai Motor Co, Kia Motors Corp and Audi. While dealership traffic began to pick up last month, "the second quarter looks to be even more favorable" because of pent-up demand after a harsh winter, according to Eric Lyman, vice president of industry insights for...