Toyota sold more than 10.23 million vehicles last year, a figure that was enough to make it the largest car company in the world … again. Continue Reading...
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Following an agreement by the automakers board members, Volkswagen’s acquisition of Porsche will be on track for completion in a month’s time. Continue Reading...
In addition, MQB was also conceived to be manufactured at different facilities world wide and even adapted for different brand vehicles, utilizing production equipment that can accommodate cars of not only different lengths and wheelbases but also tread as well. Continue Reading...
Martin Winterkorn, CEO of Volkswagen and Porsche, is clearly frustrated at the present lack of integration between the two companies, something he reiterated earlier this month at the North American International Auto Show in Detroit. Continue Reading...
VW currently has two joint venture partners in China, First Automobile Works (FAW) with which it’s had a deal for more than two decades and Shanghai Automotive Industry Corporation (SAIC), though as to which one will be involved with this new manufacturing facility, still remains to seen. Continue Reading...
VW was the first western automaker to set up shop in China and has been selling cars there for around three decades. And it looks like its goal of becoming and remaining the world’s biggest automaker in terms of volume is likely to bear fruit, for in addition to VW products, it’s also seen demand... Continue Reading...
VW on the other hand, claims Suzuki also violated terms of the contract by failing to disclose that it had done a deal with FIAT to supply engines, yet Chairman Suzuki maintains that this allegation “significantly disparaged Suzuki’s honor” and continues to seek an apology and retraction from the Wolfsburg company. Continue Reading...
Volkswagen sold a whopping two million vehicles around the globe in one quarter, the first time in the company’s history. The criticism of the new Jetta didn’t damper sales at all—sales profits grew over 30% in the first quarter, netting VW a tidy 37.5 billion Euros. Growth in China, India, and Eastern Europe helped fuel… Continue Reading...
Good news for the economy, not-so-great news for BMW and Mercedes-Benz factory workers who had travel plans over the holiday season. In order to meet the growing demand for new models, these two automakers have decided to shorten Christmas breaks this year. This shortened vacation policy applies to BMW’s German plants in Dingolfing and Leipzig,… Continue Reading...