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Volkswagen AG

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  • BEIJING, Oct 12- Volkswagen AG and its China joint ventures sold 18.3 percent more vehicles in mainland China and Hong Kong in the first three quarters, the German automaker said on Friday. Sales came to nearly 2 million vehicles during the nine-month period, compared with 1.69 million a year earlier, it said in a statement.

  • TABLE- China Sept vehicle sales down 1.8 pct yr-on-yr Thursday, 11 Oct 2012 | 9:54 PM ET

    BEIJING, Oct 12- Vehicle sales in China fell 1.8 percent in September from a year earlier as Japanese automakers' sales collapsed. Industry-wide sales in China, including passenger cars and commercial vehicles, totalled 1.62 million vehicles in September, compared with 1.65 million a year ago, according to the China Association of Automobile Manufacturers.---------------------------------------------------------------.

  • Southern auto industry wary of Mexican competition Thursday, 11 Oct 2012 | 6:26 PM ET

    Bill Haslam was asked at the Southern Automotive Conference on Thursday about what steps are being taken to keep investments from moving abroad, especially in light of a recent decision by German automaker Audi to build its first North American plant in Mexico. Audi is a Volkswagen subsidiary.

  • UPDATE 1-Porsche SE sued for 213 mln euros in damages Thursday, 11 Oct 2012 | 1:24 PM ET

    BERLIN, Oct 11- The holding company of German carmaker Porsche has received a fresh lawsuit linked to its 2008 attempt to take over Volkswagen- a 213- million-euro claim from the family of a deceased industrialist.

  • Porsche SE sued for 213 mln eur in damages Thursday, 11 Oct 2012 | 11:20 AM ET

    FRANKFURT, Oct 11- German financial holding company Porsche SE said it was being sued for 213 million euros in damages from HWO, a firm linked to the family of deceased German industrialist Adolf Merckle. "We consider this to be unfounded and we will defend ourselves," a spokesman for Porsche SE said on Thursday.

  • BEIJING, Oct 11- Top Chinese automaker SAIC Motor Corp said on Thursday its September auto sales climbed 4.6 percent from a year earlier to 393,986 vehicles. That pace was slower than 9.2 percent year-on-year growth achieved in August. SAIC operates car ventures with General Motors Co and Volkswagen AG.

  • FRANKFURT, Oct 11- Germany's Siemens may outline job cuts and office closures on Thursday to stop profits sliding as customers put off ordering engineering equipment because of Europe's economic crisis.

  • BRIEF-Porsche says September global sales up 13 percent Thursday, 11 Oct 2012 | 4:05 AM ET

    *Porsche says September global sales up 13 percent.

  • Slovakia - Factors To Watch on Oct 11 Thursday, 11 Oct 2012 | 2:40 AM ET

    Slovakia's centre-left government drew up a deficit-cutting 2013 state budget bill on Wednesday, primarily raising taxes to help it weather the euro zone debt crisis.

  • FRANKFURT, Oct 11- Germany's Siemens may outline job cuts and office closures on Thursday to stop profits sliding as customers put off ordering engineering equipment because of Europe's economic crisis.

  • European car market needs EU-led restructuring -Fiat boss Wednesday, 10 Oct 2012 | 11:59 AM ET

    Marchionne, who also heads European automakers association ACEA, has repeatedly called for Europe- wide action on closing plants and cutting jobs, but has faced stiff opposition from rival carmakers that are also members of the industry group.

  • Qatar cash, prospects lure top bankers to local firms Wednesday, 10 Oct 2012 | 10:00 AM ET

    *Qatar banks attract global bankers with pay, security. DUBAI, Oct 10- Qatar is luring high-profile bankers away from foreign firms by offering better pay and prospects, as the cash-rich Gulf state builds the talent needed to expand its financial footprint across the region.

  • TIMELINE-Major global recalls in the auto industry Wednesday, 10 Oct 2012 | 8:39 AM ET

    Oct 10- Toyota Motor Corp said it would recall more than 7.4 million vehicles worldwide as a faulty power window switch was a potential fire hazard, the latest in a series of setbacks for Japan's biggest automaker.

  • UPDATE 2-China Sept vehicle sales down 1.8 pct yr-on-yr Wednesday, 10 Oct 2012 | 6:09 AM ET

    BEIJING/ SHANGHAI, Oct 10- Vehicle sales in China fell 1.8 percent in September from a year earlier, as Japanese automakers' sales collapsed, adding to downward pressures from a slowing economy and rising fuel costs that have weighed on the world's biggest auto market.

  • TOKYO, Oct 10- Japan's Toyota Motor Corp announced a massive recall on Wednesday to fix malfunctioning power window switches, saying it will pull back 7.43 million vehicles worldwide in the biggest single recall since 1996, performed by Ford Motor Co. The recall primarily affects cars in the United States, China and Europe.

  • TOKYO, Oct 10- Japan's Toyota Motor Corp announced a massive recall on Wednesday to fix malfunctioning power window switches, saying it will pull back 7.43 million vehicles worldwide in the biggest single recall since 1996, performed by Ford Motor Co. The recall primarily affects cars in the United States, China and Europe.

  • UPDATE 1-China Sept vehicle sales down 1.8 pct yr-on-yr Wednesday, 10 Oct 2012 | 3:57 AM ET

    BEIJING, Oct 10- Vehicle sales in China fell 1.8 percent in September from a year earlier, as Japanese automakers' sales collapsed, adding to downward pressures from a slowing economy and rising fuel costs that have weighed on the world's biggest auto market.

  • RESEARCH ALERT-Citigroup raises Volkswagen to buy Wednesday, 10 Oct 2012 | 2:54 AM ET

    *Citigroup raises Volkswagen to buy from neutral; price target to. 175 euros from 155 euros. Reuters Station users, click. 1580.

  • NEW DELHI, Oct 10- India's car sales are seen growing just 1 percent to 3 percent in the current financial year, an industry body said, slashing its previous estimates as high interest rates and slowing economic growth continue to stifle a once-booming industry.

  • NEW DELHI, Oct 10- India's car sales are seen growing just 1-3 percent in the financial year that ends in March 2013, an industry body said, as it slashed its previous estimate of 9-11 percent on high interest rates and slowing economic growth.