GO
Loading...

Enter multiple symbols separated by commas

Volkswagen AG

More

  • Sales were robust in Europe and North America but fell in China, usually a strong market for the company. Detroit- based General Motors Corp., the top-selling automaker for more than seven decades until being surpassed by Toyota in 2008, finished third at 4.86 million, down 1.2 percent from a year ago. In the first half, Toyota's sales grew in U.S., Mexico and China.

  • DETROIT, July 28- General Motors Co said on Tuesday it will invest $5 billion over the next several years to develop with its Chinese partner a new family of Chevrolet vehicles aimed at fast-growing emerging markets, in the process offering investors a fresh rationale for rejecting a merger with Fiat Chrysler Automobiles NV. GM and SAIC will engineer Chevrolet...

  • VW's Audi aims to raise China sales with revamped A4 Monday, 27 Jul 2015 | 4:03 AM ET

    BERLIN, July 27- Audi hopes that the redesigned top-selling A4 saloon will shore up its fortunes in China where the premium brand is grappling with dwindling sales and a leadership change. Volkswagen's flagship division will court Chinese buyers with a lighter and more fuel-efficient version of the A4, which last year added a fifth to Audi's global output of...

  • FRANKFURT, July 23- Daimler's second-quarter operating profit jumped 54 percent to a record high, as sales of trucks and new luxury car model launches helped it defy a slowdown in China, where German rivals are struggling to maintain momentum. Daimler sales have lagged those of Audi and BMW in the world's biggest car market, but recent steps to take its...

  • FRANKFURT, July 23- Daimler's second-quarter operating profit jumped 54 percent to a record high, as sales of trucks and a new luxury car model launches helped it defy a slowdown in China, where German rivals are struggling to maintain momentum. Daimler sales have lagged those of Audi and BMW in the world's biggest car market, but a recent renaissance of the...

  • *Toyota could wait until 2018 or later to build Lexus in China. BEIJING, July 22- Toyota Motor Corp will likely delay building its premium Lexus brand in China for at least a few years, as growth in China's auto market slows to a crawl and a weak yen makes it cheaper to keep making cars in Japan. Toyota wants to focus on strengthening the Lexus brand in China and...

  • FRANKFURT/ BERLIN, July 21- Germany's premium car makers are close to a deal to buy Nokia's HERE map business for between 2.5 billion and 3 billion euros, but a final agreement hinges on the question of who owns the patents which help self-driving cars talk to mobile networks, two sources familiar with the deal told Reuters on Tuesday. The purchase of HERE, which has...

  • MUMBAI, July 21- Indian IT services provider Infosys Ltd on Tuesday said a business revamp initiated by its first non-founder boss helped it win more large deals in the first quarter, fuelling a 5 percent rise in net profit. Infosys, a bellwether for India's $150 billion IT services industry, has in recent years struggled to innovate and retain market share due to a...

  • VW, GM shudder as China profit engine sputters Thursday, 16 Jul 2015 | 5:31 PM ET

    Both Volkswagen and GM are heavily exposed to China, which remains a growth market, but last week cut its 2015 forecast for vehicle sales. Barclays downgraded GM's stock to "equal weight" from "overweight" on Thursday, saying it was likely to face the sharpest of the China headwinds among the U.S. autos and auto part makers it covers. GM made 40 percent of its net income...

  • *Mazda's China sales grew 17 pct in H1 vs market's 1.4 pct. "Other cars are either too round or stocky, but the CX-5 has more of a flowing character," said Nanjing office worker Xu Duo, 27, who bought Mazda's sport utility vehicle last year. Yet Mazda logged its best-ever first half at 17 percent, boosted by sales of the CX-5 as well as sedans Axela and Atenza.

  • A blue-collar Buffett who turned 10K into millions Wednesday, 15 Jul 2015 | 2:59 PM ET
    Muse Concrete Contractors cement truck.

    Growing up poor with little opportunity didn't stop Boyce Muse from building a $20M concrete empire. His advice for aspiring entrepreneurs.

  • *Porsche, labour agree on steps to safeguard jobs. BERLIN, July 15- German sports carmaker Porsche will spend 1.1 billion euros through 2020 to upgrade its main production and research sites for more models. Volkswagen-owned Porsche is building a new engine plant and body shop at its core factory in Zuffenhausen, in southern Germany, which will take over...

  • BEIJING July 13- Prices for German luxury cars in China are tumbling as the country's stock market sell-off and worries about broader economic growth chill demand for auto brands that once commanded price premiums from affluent Chinese consumers. After a fall-off in customer traffic and orders, a dozen BMW stores run by a dealer group with showrooms across...

  • BEIJING July 11- Prices for German luxury cars in China are tumbling as the country's stock market sell-off and worries about broader economic growth chill demand for auto brands that once commanded price premiums from affluent Chinese consumers. A China- based spokesman for Mercedes-Benz owner Daimler AG could not immediately be reached for comment.

  • BEIJING July 11- Prices for German luxury cars in China are tumbling as the country's stock market sell-off and worries about broader economic growth chill demand for auto brands that once commanded price premiums from affluent Chinese consumers. A China- based spokesman for Mercedes-Benz owner Daimler AG could not immediately be reached for comment.

  • SAN FRANCISCO/ DETROIT, July 10- Carmakers are limiting the data they share with technology partners Apple Inc and Google Inc through new systems that link smartphones to vehicle infotainment systems, defending access to information about what drivers do in their cars. "We need to control access to that data," said Don Butler, Ford Motor Co's executive director of...

  • BRASILIA, July 9- Brazil's government is preparing measures to increase vehicle exports, part of a plan to bolster its faltering automobile industry, the country's most important manufacturer, the head of the country's automakers association said on Thursday. Brazil is one of the world's five biggest auto markets and a major base of operations for Fiat...

  • Talks between Nokia and BMW, Daimler and Volkswagen over the sale are ongoing but have reached a difficult stage as important details such as price and structure are finalised, two auto industry sources and two financial sources said. BMW, Daimler and Audi declined to comment. That gives BMW, Daimler's luxury brand Mercedes and VW's premium brand Audi some...

  • SAN FRANCISCO, July 7- When it comes to dashboard displays that are more like smart phones, two things are clear: Customers want them, and automakers are intent on supplying them. "I think they raise serious public safety questions," said Joe Simitian, the former California lawmaker who spearheaded the state's laws on phone use while driving. "You can't be looking at a...

  • SAO PAULO, July 6- Auto production in Brazil tumbled in June to the lowest level since January 2009, putting more jobs at risk in the country's fragile car industry and undermining hopes for an economic recovery. Brazil is one of the world's five biggest auto markets and a major base of operations for Fiat Chrysler Automobiles NV, Volkswagen AG, General Motors Co...