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Volkswagen AG

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  • MEXICO CITY/ BRASILIA, Feb 12- Grappling with tumbling auto sales and weak economic growth, Brazil wants to derail a pact that would allow unlimited imports of cars from Mexico, sources familiar with the situation say, in a move that could stoke trade tensions between Latin America's largest economies. Another source said Brazil wants a broader treaty with...

  • NEW YORK, Feb 12- How far does electric car maker Tesla Motors Inc have to go to reach its goal of matching Apple Inc's current market value? Tesla CEO Elon Musk surprised analysts on the company's earnings call on Wednesday by saying that his company could be worth $700 billion by 2025. That is roughly the same size as Apple Inc, the most valuable company in the...

  • Feb 11- Canadian fuel cell maker Ballard Power Systems Inc's shares soared 63 percent after it said Volkswagen AG would pay more than $80 million to buy some patents and extend a service contract. Ballard said on Wednesday it would sell to the German carmaker the automotive-related portion of the fuel cell patents it had bought from United Technologies Corp...

  • DETROIT, Feb 10- Chief Executive Mary Barra's plan to keep a big cash cushion for General Motors Co is under attack from a group of shareholders led by a member of the auto task force that helped restructure the company during its 2009 bankruptcy. Harry Wilson, who was a member of the task force, notified the Detroit automaker on Monday that he wanted it to spend $8...

  • DETROIT, Feb 10- Chief Executive Mary Barra's plan to keep a big cash cushion for General Motors Co is under attack from a group of shareholders led by a member of the auto task force that helped restructure the company during its 2009 bankruptcy. Harry Wilson, who was a member of the task force, notified the Detroit automaker on Monday that he wanted it to spend $8...

  • *Q4 adjusted EBIT 2.82 bln euros vs forecast 2.66 bln euros. STUTTGART, Feb 5- Strong demand for Mercedes cars in China will help Daimler to deliver a big rise in sales and profit this year, the German luxury carmaker said on Thursday, as forecast-beating quarterly earnings lifted its shares to a 15- year high. The company's main Mercedes-Benz Cars division has...

  • *Q4 adjusted EBIT 2.82 bln euros vs f'cast 2.66 bln euros. *To pay highest-ever dividend of 2.45 euros a share. Analysts at Bankhaus Lampe, who rate Daimler "buy," said the results confirmed their view that the company would outperform rivals Audi and BMW this year.

  • Feb 4- Tableau Software Inc forecast better-than-expected revenue forecast for the full year after reporting a quarterly profit that blew past Wall Street estimates, helped by strong demand for its data analytics products from businesses. Shares of Tableau Software, whose customers include carmaker Audi AG, BNP Paribas SA bank and the office of the London...

  • SHANGHAI, Feb 5- China is taking aim again at foreign luxury car makers such as Audi, BMW and Mercedes-Benz by allowing unauthorized dealers to sell imported cars- so-called' parallel imports'- in a move to rein in high-end car prices. Together, Audi, BMW and Mercedes have around 70-80 percent market share in the premium segment. A BMW 650 i xDrive Convertible that...

  • INGOLSTADT, Germany, Jan 30- German luxury carmaker Audi could reach its goal of 2 million sales a year before its 2020 target, helped by revamped models and new sport-utility vehicles, its chief executive told Reuters. Rupert Stadler said demand in Europe, where Audi sold 44 percent of its cars last year, was stable, while he was upbeat about prospects for China,...

  • DETROIT, Jan 29- General Motors Co will suspend production at its St. Petersburg auto assembly plant in Russia from mid-March to mid-May and is raising prices for its products because of the weak and volatile Russian rouble, a company spokesman said on Thursday. In addition, Volkswagen AG's labor chief said on Thursday the company lost hundreds of millions of...

  • Jan 29- Harman International Industries Inc, maker of JBL and Harman Kardon audio systems, reported a better-than-expected profit and revenue as increasing auto sales led to strong demand for the company's car infotainment products. The company on Thursday also announced a deal with Chinese search engine Baidu Inc to launch a networking service, called...

  • Car industry heads lobby to drop tariffs between EU, US Wednesday, 28 Jan 2015 | 9:03 AM ET

    BERLIN, Jan 28- The heads of German car companies including BMW, Daimler and Audi lobbied politicians on Wednesday to reach a trade deal that could see tariffs dropped between the United States and the European Union. BMW boss Norbert Reithofer said around 40 percent of all cars produced are sold in Europe and the United States. Carmakers waste resources...

  • Volkswagen to recall 80,000 Audis; 35,000 in China Saturday, 24 Jan 2015 | 7:32 AM ET

    German car maker Volkswagen AG will recall 80,000 cars from its luxury division Audi, with around 35,000 of the affected vehicles from China.

  • Volkswagen to recall 80,000 Audis; 35,000 in China Saturday, 24 Jan 2015 | 6:00 AM ET

    BEIJING, Jan 24- German car maker Volkswagen AG will recall 80,000 cars from its luxury division Audi due to issues with the fuel injection system, Audi said on Saturday, adding that around 35,000 of the affected vehicles are from China. The cars were made between April 2011 and April 2012, and "in rare cases customers may notice a smell of fuel in affected vehicles,"...

  • DUBLIN/ FRANKFURT, Jan 22- Business leaders in Europe gave a mixed welcome to the European Central Bank's moves to bolster growth and inflation in the euro area on Thursday, with many- especially in Germany- concerned the programme could delay unpopular economic reforms. "This is a step in the right direction and we'll have to watch and see how it plays out," Swiss...

  • TOKYO, Jan 21- Toyota Motor Corp said on Wednesday it expects its vehicle sales to fall slightly in 2015 in a move that could see rival Volkswagen AG steal the industry crown this year. Toyota said it expects 2015 group-wide global sales to fall about 1 percent to 10.15 million vehicles as demand stalls in emerging markets such as China and Indonesia, as well as in...

  • GENEVA/ ZURICH, Jan 20- Retailers are rushing to offer bargains to Swiss shoppers after a shock surge in the franc, taking advantage of lower import costs but also fearful of losing custom to cheaper rivals over the border in France and Germany. The surprise decision to remove that limit has left the currencies virtually at parity, with one euro buying 1.01 francs...

  • Hyundai was among the leaders in every category, ranking number three overall behind Toyota Motor Corp and Robert Bosch. Hyundai, which along with sister company Kia Motor is fifth in global sales, has outperformed the overall auto market thanks to its stylish, yet affordable models, but experts say the duo lacks a technological edge to better compete with...

  • From the floor to the road? Rating the auto show Sunday, 18 Jan 2015 | 5:00 PM ET

    While there are still a few off-the-wall cars shown at the Detroit Auto Show, these days, what you see very well may be what you get.