Tag Archives: vw

Auto Assembly Plant Restarts  – Yes, Maybe and Unknown

FCA, GM, and Volkswagen announced planned to restart production at four plants during the week of 31 May 2020. Continue reading

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Volkswagen Group and Jeep Cut Deals with TomTom

In a related deal, TomTom said that it will supply connected navigation subsystems to Fiat Chrysler Automobiles’ Plug-in Hybrid Electric Vehicles (PHEV), the Jeep Renegade and Compass. Continue reading

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Volkswagen Group Opens New Plant in Foshan, China

China is the Volkswagen Group’s largest sales market worldwide. In 2012, the company delivered more than 2.81 million vehicles to customers in the country. In the first eight months of this year, VW claims that deliveries rose by 18% compared with the comparable prior-year period to more than 2 million vehicles. This is a close second to General Motors the long-time market leader at more than 2.2 million units. Continue reading

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Karl-Thomas Neumann formerly of VW Now GM Europe Head

The Opel Supervisory Board today named Karl-Thomas Neumann, 51, chairman of the Management Board of Adam Opel AG, effective March 2013. General Motors also appointed Neumann president of its loss making GM Europe subsidiary and a GM vice president. Neumann will be in charge of a plan to return Europe to breakeven by 2015. Continue reading

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Volkswagen Shareholders Approve Dividend Increase

The shareholders at the 52nd Annual General Meeting of Volkswagen Aktiengesellschaft voted by a majority of 99.96% to pay a dividend of €3.00 (previous year: €2.20) per ordinary share and €3.06 (€2.26) per preferred share as recommended by the Board … Continue reading

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Volkswagen Group Posts Record 2011 Results – €11.3 billion

Consolidated operating profit rose to a record €11.3 billion, an improvement of €4.1 billion compared with 2010. This profit does not include the Group’s €2.6 billion (€1.9 billion) share of the operating profit of its communist-government-required Chinese joint ventures. These companies are accounted for in the financial result, which rose by €5.8 billion to €7.7 billion last year. Operating margin improved from 5.6% to 7.1%. Continue reading

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Volkswagen Cross Coupe Plug-in Hybrid Unveiled at Tokyo

Cross Coupe is the latest regulation driven foray into plug-in technology, with the 9.8 kWh lithium ion battery onboard costing at least $5,000. Whether buyers will exist for the growing number of plug-in hybrids is a matter of debate by auto industry insiders. By the end of 2016, it’s predicted that 159 hybrid and electric vehicle models available for purchase in the U.S. market. This is a significant increase from only 31 hybrid and electric models in 2009. Continue reading

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German Shuffle as Ulrich Eichhorn leaves Bentley Motors for VDA, Rolf Frech leaves Porsche to Head Bentley Engineering

Frech succeeds Dr Ulrich Eichhorn, who becomes the Managing Director with the Verband der Automobilindustrie (VDA), the German Association of the Automotive Industry. VDA has seen some executive changes as German automakers continue to be outflanked by the growing green movement in Germany and across Europe, one that now sees the proposed banning of conventional automobiles from most cities and the shifting of transportation spending to water and rail. Continue reading

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