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Volkswagen AG

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  • *Performance division sees strong demand from US, China. AMG sales may jump by more than a quarter to more than 40,000 vehicles this year alone, especially due to demand from the United States and China, division chief Tobias Moers said on Thursday. The AMG unit's high-performance cars, including Mercedes's top-of-the-line GT model unveiled in September, cast a...

  • Private firms filling Latin America's security gap Thursday, 27 Nov 2014 | 12:01 AM ET

    Men claiming to be with the notorious Gulf Cartel had stopped a convoy transporting chemicals through a lawless region of northeastern Mexico. The phone chatter and chirping two-way radios sounded like a police dispatch, but this was the emergency response room of International Private Security, a Mexico- based company that helps clients like PepsiCo, Audi...

  • FRANKFURT, Nov 22- SGL Group, the materials supplier for carbon fibre reinforced parts in BMW's electric cars, is in talks with several other carmakers to supply carbon fibre for a wider range of automotive components, its chief executive said. He added the mooted new supply contracts were not as big as the BMW venture. Uncertainty remains over the success of BMW "i"...

  • FRANKFURT, Nov 21- Volkswagen AG is to invest 85.6 billion euros in its automotive operations over the next five years on foreign expansion, models and technology to back its quest for global leadership, even as it carries out an austerity drive. Analysts at Evercore ISI said: "As expected, VW's five-year capex planning has not become a victim of the company's...

  • Automakers debut key models at L.A. Auto Show Wednesday, 19 Nov 2014 | 2:30 PM ET

    Honda has a fuel-cell concept car, the FCV, which is expected to go on sale in 2016, while Volkswagen is showing a fuel-cell version of its Golf wagon. Mercedes, Audi and Porsche will also have important introductions at the show. AUDI: The German luxury brand hints at its new design direction with a concept sedan, the Audi Prologue.

  • Sonata evolves into more sophisticated car Wednesday, 19 Nov 2014 | 11:36 AM ET

    Standard features on every Sonata now include light-emitting diode daytime running lights that were first popularized by luxury carmaker Audi, a driver's knee air bag, a small rear spoiler and dressy, chrome-colored, exterior window surrounds. Hyundai's industry-leading warranty and value pricing remain. Starting manufacturer's suggested retail price,...

  • Volvo Cars plots U.S. resurgence with model overhaul Wednesday, 19 Nov 2014 | 9:00 AM ET

    Strong growth in China and more modest gains in Europe have helped Volvo grow sales for 16 straight months. Volvo, bought by Zhejiang Geely Holding Group Co. from Ford Motor Co. in 2010, said it expected to reach its sales target "in the medium term" and sought to dispel doubts it had a future in the vast U.S. market. Volvo Chief Executive Hakan Samuelsson believes...

  • China protectionism threatens commodity imports Thursday, 13 Nov 2014 | 6:20 PM ET

    Businesses are complaining about Beijing's use of non-tariff barriers from customs clearance to quality restrictions to curb raw material imports.

  • BOSTON, Nov 13- Two U.S.-based groups representing some of the world's biggest automakers have agreed on privacy standards for securing vast quantities of data generated by the dozens of tiny computers and tracking systems used in modern vehicles. Senator Edward Markey, a Massachusetts Democrat, said automakers should allow customers to opt out of having...

  • SHANGHAI, Nov 14- As China lobbies world leaders to back its free trade plan at an Asia-Pacific summit this week, businesses are complaining about Beijing's use of non-tariff barriers from customs clearance to quality restrictions to curb raw material imports. After months of lobbying by the China National Coal Association to limit imports, Beijing also...

  • BERLIN, Nov 12- Volkswagen AG's U.S. division said Wednesday it has agreed to steps that could allow for union representation at its plant in Chattanooga, Tennessee, where the United Auto Workers has unsuccessfully tried to organize workers. The Chattanooga plant is the only major factory in VW's global network of over 100 facilities that lacks representation...

  • Nov 12- Shares of Axalta Coating Systems Ltd, a car paint company sold by DuPont to Carlyle Group LP, rose as much as 7.4 percent in their trading debut, valuing the company at about $4.8 billion. DuPont sold Axalta to Carlyle for $4.9 billion in cash in February 2013, a move that activist investor Nelson Peltz criticized two months back. Peltz, who is pushing DuPont to...

  • Nov 11- The United Auto Workers expect Volkswagen AG to announce soon a policy change that would allow for union representation at the company's plant in Chattanooga, Tennessee, where the union has faced challenges organizing workers. Earlier this year, the UAW lost a vote to represent about 1,500 workers at the Chattanooga plant but the union still claims it...

  • BERLIN, Nov 11- Volkswagen's bid to increase its stake in a lucrative joint venture with Chinese partner FAW has stalled just as the German automaker is stepping up expansion in its biggest market, company sources said. The setback to VW's ambitions in China, where it sells nearly 40 percent of its vehicles, comes as Beijing seeks to promote national champions...

  • Shampoo to start-ups: J&J joins tech frenzy Friday, 7 Nov 2014 | 11:28 AM ET

    Johnson & Johnson is partnering with Plug and Play's Internet of Things Accelerator, joining Bosch and State Farm in the start-up hunt.

  • LONDON, Nov 7- Two of Ford Motor Co's top executives will switch positions, the U.S. carmaker said on Friday, as new boss Mark Fields looks to develop senior managers. Jim Farley, global head of marketing, sales and services, will swap jobs with Stephen Odell, Ford's regional chief for Europe, the Middle East and Africa, effective Jan. 1. Europe is struggling to emerge from...

  • Nov 5- Canadian auto parts maker and contract vehicle manufacturer Magna International Inc reported a 47 percent jump in third-quarter earnings that beat analyst expectations Wednesday, boosted by strong demand in North America. Adjusted earnings before interest and taxes in North America, the company's biggest market, grew to $470 million in the quarter...

  • Nov 5- Canadian auto parts maker and contract vehicle manufacturer Magna International Inc reported a 47 percent jump in third-quarter earnings, boosted by strong demand in North America. However, the number of vehicles Magna manufactures in Europe is higher than that in North America, underscoring the region's importance. The impact of lower sales in Europe...

  • FRANKFURT, Nov 4- BMW AG has quietly throttled back its expectations for car sales this year, despite reporting a forecast-beating operating profit in the third quarter, when strong demand for sports utility vehicles helped offset lackluster sales of electric cars. While BMW Group is sticking to its goal of selling more than 2 million cars this year, Chief...

  • FRANKFURT, Nov 4- German luxury carmaker BMW AG posted third-quarter operating profit well above expectations on Tuesday thanks to strong demand for its sports utility vehicles. BMW has bet big on electric vehicles and small city cars such as the Mini. In the third quarter, sales of BMW branded cars rose 6.9 percent, as demand for X1, X4 and X5 sports utility...