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Volkswagen AG

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  • *Audi backs 8-10 pct FY profit margin range. Audi is spending over 1 billion euros on new plants in Mexico and Brazil, and may for the first time build more cars outside Germany than within its home country in 2014.. Still, some 22 billion euros of planned spending on models, plants and technology through 2018 means Audi's operating margin may return to its 8-10...

  • The German auto maker's move demonstrates a desire to "embed us more deeply in China, to make cars best suited to China," Hubertus Troska, Daimler's China head, told Reuters. Its focus on Chinese tastes should help Mercedes-Benz catch up in the local luxury car segment with Volkswagen AG's Audi and BMW, he said. Researcher LMC Automotive projects Mercedes-Benz to...

  • The German auto maker's move demonstrates a desire to "embed us more deeply in China, to make cars best suited to China," Hubertus Troska, Daimler's China head, told Reuters. Its focus on Chinese tastes should help Mercedes-Benz catch up in the local luxury car segment with Volkswagen AG's Audi and BMW, he said. Researcher LMC Automotive projects Mercedes-Benz to...

  • SEOUL, Nov 3- When he attended design preview meetings for the Genesis luxury sedan, Hyundai Motor heir-apparent Chung Eui-sun suggested features he'd seen on high-end European rivals, such as a pop-up navigation screen and a gearshift that rises and retracts. But the ideas faced opposition from engineering chief Yang Woong- chul, who was worried about the...

  • *Q3 oper profit jumps 16 pct to 3.23 bln euros. BERLIN, Oct 30- Volkswagen's third-quarter earnings jumped as profit margins at its main passenger-car division rose for the first time in almost two years, adding to record sales of luxury Audis and Porsches. While sales at Audi and Porsche- which account for two-thirds of group profit- have been rising all year, they...

  • European shares close higher; Alcatel-Lucent up 16% Thursday, 30 Oct 2014 | 12:42 PM ET

    European stocks ended the day higher on Thursday, as traders digested Wednesday's policy moves from the U.S. Federal Reserve.

  • *Q3 oper profit jumps 16 pct to 3.23 bln euros. BERLIN, Oct 30- Volkswagen's third-quarter earnings jumped as profit margins at its main passenger-car brand rose for the first time in almost two years, adding to record sales of luxury Audis and Porsches. While sales at Audi and Porsche- which account for two-thirds of group profit- have been rising all year, they have...

  • UPDATE 2-BorgWarner lowers earnings outlook, shares fall Thursday, 30 Oct 2014 | 10:37 AM ET

    DETROIT, Oct 30- BorgWarner Inc, shares fell on Thursday morning after the maker of automotive turbochargers and emission systems lowered its full-year 2014 profit outlook, due to weakening currencies. Shares fell as much as 7 percent after BorgWarner changed its forecast when it posted third-quarter earnings that were roughly in line with analysts'...

  • European autos see a demand revival Thursday, 30 Oct 2014 | 10:02 AM ET
    An employee at the Renault factory in Maubeuge, France

    After a six-year slump, car sales in Europe are on the up, and earnings from Renault and Volkswagen have helped boost the outlook for the sector.

  • Shares of Harman, which counts Volkswagen AG, BMW AG and Toyota Motor Corp among its major customers, rose 1.7 percent in light premarket trading. Harman also said it secured new car audio awards from Daimler, Porsche, Toyota and Subaru during the quarter. Net income attributable to Harman rose to $83 million, or $1.18 per share, in the quarter ended Sept. 30, from $46.5...

  • The billionaires who could buy Ferrari Wednesday, 29 Oct 2014 | 2:14 PM ET
    Ferrari's line Rodeo Drive in Beverly Hills, Calif., to celebrate it's 60th year anniversary in North America.

    The sale of 10 percent of Ferrari may be the ultimate auction for fans of the supercar. A look at the billionaires who might be ready to grab a piece of the action.

  • SAO PAULO, Oct 29- Automakers in Brazil are facing the sharpest slowdown since 1999 and it could be a year or more before things turn the corner. "It looks like the market is in for a difficult time until 2016," said Koji Kondo, Toyota Motor Corp's chief executive in Brazil, citing labor costs, rising taxes and infrastructure bottlenecks as a persistent problem.

  • SHANGHAI, Oct 29- FAW-Volkswagen Automobile Ltd, a joint venture of Volkswagen AG and a Chinese state-owned carmaker, will recall 270,635 Audi cars in China to fix a problem with air bag software, China's quality watchdog said on Wednesday. The Audi recall comes less than two weeks after Volkswagen said it would call back more than 580,000 cars in China to fix a...

  • SHANGHAI, Oct 29- FAW-Volkswagen Automobile Ltd, a Chinese joint venture of Volkswagen AG, will recall 270,635 Audi cars in China due to an air bag software issue, China's quality watchdog said on Wednesday. The Audi recall also comes less than two weeks after Volkswagen said it would call back more than 580,000 cars in China to fix a possible suspension defect.

  • DETROIT, Oct 27- Toyota Motor Corp's namesake brand and its Lexus luxury brand finished one-and-two for the second year in a row in Consumer Reports' annual quality survey of the U.S. new-vehicle market, the influential magazine said on Monday. The four lowest-scoring brands were all from Fiat Chrysler Automobiles' Chrysler Group, as were five of the bottom seven.

  • Ford tries to jolt electric cars with big discount Sunday, 26 Oct 2014 | 11:02 AM ET
    The Ford Focus electric.

    With gas prices down, analysts say it will be even more difficult to persuade buyers to opt for vehicles that plug in rather than tank up.

  • *Mercedes-Benz return on sales strongest for 3 yrs. FRANKFURT, Oct 23- Daimler AG lifted sales and profits at its core Mercedes-Benz luxury car division in the third quarter, showing how the group is narrowing the gap with rivals Audi and BMW. Daimler said on Thursday it still expected a significant rise in group core profit for 2014 and that sales of Mercedes-Benz...

  • UPDATE 2-Mercedes-Benz cars help to lift Daimler profit Thursday, 23 Oct 2014 | 3:06 AM ET

    *1.01 bln euro gain from Rolls-Royce Power Systems sale. The company is the first of the German premium auto makers, to release third-quarter results, which included the group's best-ever month for sales of Mercedes-Benz cars in September, benefiting from new models and growing demand in China. Earnings before interest and tax were 3.73 billion euros,...

  • DETROIT, Oct 22- The United Auto Workers hopes to be recognized as the exclusive bargaining agent for workers at a Volkswagen AG assembly plant in Chattanooga, Tennessee within a year, the union's President Dennis Williams said on Wednesday. He said "I hope so," however, when asked if the UAW would gain recognition to bargain for VW workers by the time contract talks...

  • DETROIT, Oct 15- General Motors Co's global sales rose 2 percent in the third quarter, driven by strong demand in the two largest auto markets in the world, China and the United States. Japan's Toyota Motor Corp will report third-quarter sales on Nov. 5. Those results helped offset declines in South America, Europe and its international operations in Asia excluding...