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Volkswagen AG

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  • SEOUL, April 20- Kia Motors Corp released its K9 premium sedan in China on Monday, kicking off its journey upmarket with a model whose sales have been paltry both in the United States and at home in South Korea. "A strong preference for German cars in China will make it even more difficult for Kia to penetrate the premium segment there," said analyst Chae Hee- guen at...

  • SHANGHAI, April 20- Foreign automakers continue to plough money into factories in China, the world's largest car market, even as the biggest economic slowdown in a quarter of a century crimps sales growth. Market leaders Volkswagen AG and General Motors show no sign of letting up on their planned investments, while Toyota Motor and Ford Motor are also pursuing...

  • SHANGHAI, April 19- Foreign automakers continue to plough money into factories in China, the world's largest car market, even as the biggest economic slowdown in a quarter of a century crimps sales growth. Market leaders Volkswagen AG and General Motors show no sign of letting up on their planned investments, while Toyota Motor and Ford Motor are also pursuing...

  • Grilled: Lexus seeks design edge over premium rivals Saturday, 18 Apr 2015 | 2:09 AM ET

    BEIJING, April 18- Big may be beautiful, but Toyota Motor Corp's global design chief is betting that edgy is the way to go for the Japanese automaker's premium Lexus brand, specifically its signature' spindle grille' design. While some industry rivals and design experts say the jagged-edged, trapezoid grille is downright ugly, 63- year-old Fukuichi stands by the...

  • First Google, then Facebook, then...who? Friday, 17 Apr 2015 | 11:43 AM ET
    Facebook CEO Mark Zuckerberg, left, and Google CEO Larry Page

    Who comes after Google and Facebook? That's what marketers are trying to determine as ad dollars move to the web and mobile.

  • Europe shares ends sharply lower amid Greece fears Friday, 17 Apr 2015 | 11:31 AM ET

    European markets closed sharply lower on Friday, pressured by Chinese futures and mounting tensions over Greece debt negotiations.

  • BERLIN, April 17- Martin Winterkorn will stay on as chief executive of Volkswagen, the German carmaker said on Friday, in an unprecedented defeat for its powerful chairman. Ferdinand Piech, the patriarch of Volkswagen's founding family, had provoked a showdown with Winterkorn by planting a comment in weekly magazine Der Spiegel last week that he had "distanced...

  • BEIJING, April 17- Two years ago, just one Chinese SUV ranked among the country's top-10. Despite preferential government policies, local carmakers have failed to really compete with foreign automakers like Volkswagen AG and General Motors in sedan sales. Chongqing Changan Automobile and Great Wall Motor will launch fresh versions of their top-selling SUVs...

  • Sehr Gut! Investor's Germany, Japan bets pay off Thursday, 16 Apr 2015 | 5:07 PM ET
    Eric Mindich, founder and chief executive officer of Eton Park Capital Management Ltd.

    Eric Mindich's Eton Park hedge fund was up big in the first quarter thanks to winning bets in Europe and Asia, especially Germany and Japan.

  • Europe closes lower on earnings; Greek crisis worsens Thursday, 16 Apr 2015 | 11:31 AM ET
    A man walks inside the Athens stock exchange February 3, 2015.

    European equities closed lower on Thursday after mixed first-quarter earnings reports and as Greece's economic outlook deteriorated further.

  • BERLIN/ STUTTGART, April 15- Volkswagen's first leadership crisis in a decade has burst into the open with Chairman Ferdinand Piech's surprise public denunciation of CEO Martin Winterkorn-- but the standoff is now more likely to play out behind closed doors. Piech, 77, will meet cousin Wolfgang Porsche and other family members within days, company sources said,...

  • Toyota to set up shop in yet another country Wednesday, 15 Apr 2015 | 9:00 AM ET
    A Toyota Corolla LE is displayed during the LA Auto Show in Los Angeles, November 2013.

    Toyota is joining other major automakers and turning to this Latin country to build and export vehicles.

  • BERLIN/ STUTTGART, April 15- Volkswagen's first leadership crisis in a decade has burst into the open with Chairman Ferdinand Piech's surprise public denunciation of CEO Martin Winterkorn-- but the standoff is now more likely to play out behind closed doors. Piech, 77, will meet cousin Wolfgang Porsche and other family members within days, company sources said,...

  • Why VW's leadership clash could spell trouble Monday, 13 Apr 2015 | 9:10 AM ET

    With a leadership clash at Germany's Volkswagen surfacing this weekend, concerns over what impact it could have on business are growing.

  • LONDON/ MILAN, April 13- Fiat Chrysler boss Sergio Marchionne is hoping for a big deal, possibly in the United States, to plug the carmaker's weaknesses and cement his legacy before stepping down in early 2019, sources familiar with the situation said. Marchionne and Fiat's founding Agnelli family are showing particular interest in General Motors, several...

  • FACTBOX-Romania steps up battle against corruption Wednesday, 8 Apr 2015 | 1:00 AM ET

    BUCHAREST, April 8- Romania's crackdown on corruption is having an unintended consequence: investment is slowing as many officials avoid approving projects lest they become the next target of the investigators. The following are details of investigations opened in 2014, as announced by Romania's anti-corruption agency. Business community: local...

  • *China factory capacity seen up to 100,000 cars per year. TOKYO, April 3- Japan's Toyota Motor Corp will spend about 150 billion yen to build two new car plants in Mexico and China, two people familiar with plans said, ending a three-year freeze imposed after unchecked growth lumbered the world's biggest auto maker with too many idle production lines.

  • NEW YORK, April 2- Mercedes-Benz and BMW are probing unauthorized exports of luxury cars from the United States to China, which have recently surged and threaten profit in the world's largest auto market, senior executives said. As a result, Daimler AG, which owns premium auto brand Mercedes-Benz, said it intensified efforts to clamp down on exports of U.S. models...

  • UPDATE 5-U.S. auto sales edge higher in March Wednesday, 1 Apr 2015 | 5:38 PM ET

    *Ford beats expectations; GM, Honda miss expectations. Among the strong performers were Toyota Motor Corp, Hyundai Motor Co, Kia Motors Corp and Audi. While dealership traffic began to pick up last month, "the second quarter looks to be even more favorable" because of pent-up demand after a harsh winter, according to Eric Lyman, vice president of industry insights for...

  • *Toyota, Hyundai, Kia, Audi among strong performers. Among the strong performers were Toyota Motor Corp, Hyundai Motor Co, Kia Motors Corp and Audi. While dealership traffic began to pick up last month, "the second quarter looks to be even more favorable" because of pent-up demand after a harsh winter, according to Eric Lyman, vice president of industry insights for...