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Volkswagen AG

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  • Porsche Boosts VW Stake to 30.9% via Option Monday, 26 Mar 2007 | 3:13 AM ET

    German sports car maker Porsche has exercised an option to take an extra 3.6% voting stake in Volkswagen, Porsche said on Monday, taking its holding to 30.9% as of Wednesday.

  • Volkswagen's joint venture in China, Shanghai Volkswagen Automotive, has cut its car prices by up to 11,000 yuan ($1,420; 1,000 euros) to improve competitiveness, the company said Friday.

  • Volkswagen Fourth-Quarter Profit Nearly Triples Friday, 9 Mar 2007 | 11:13 AM ET

    Volkswagen, Europe's largest automaker, said Friday its fourth-quarter profit nearly tripled on strong vehicle sales.

  • VW Targets 20% of Chinese Market in 2-3 Years Tuesday, 6 Mar 2007 | 3:05 AM ET

    Volkswagen aims to increase its market share in China after sales to the Asian country boosted VW's group unit sales by 7.6% in the first two months of this year, it said on Tuesday.

  • Volkswagen 2006 Profit More Than Doubles Tuesday, 20 Feb 2007 | 9:26 AM ET

    Volkswagen, Europe's biggest car maker, said Tuesday that its 2006 net profit more than doubled on strong sales but its operating profit was halved by costly restructuring efforts that have seen thousands of jobs eliminated.

  • The head of Volkswagen's VW brand, Wolfgang Bernhard, is leaving the company at the end of the month, fueling speculation that he may return to DaimlerChrysler and possible replace Chrysler CEO Tom LaSorda, according to CNBC's Phil LeBeau.

  • CNBC Exclusive: Automobile Magazine's Car of the Year Wednesday, 27 Dec 2006 | 3:23 PM ET
    Automobile Magazine

    Automobile Magazine will announce its “Car of the Year” for 2007 in the upcoming issue--released on January 9th. But “Power Lunch” had an exclusive interview with magazine president, Jean Jennings today. Not only did she did she give up the car of the year secret to Bill Griffeth,--she also told us what Automobile’s says is the best-designed car of the year.

  • VW: Will More Shock Ads Really Work? Tuesday, 5 Dec 2006 | 10:42 AM ET

    Companies and advertisers usually have no shame in imitating an ad that really works--but rarely do you see a company copy itself. But that's exactly what Volkswagen is doing with its new Passat ads--after the success it had with the same idea for Jetta. Will it work?