Vw CEO Martin Winterkorn receives a substantial pay rise
The best-paid CEO among the 30 companies listed on Germany's DAX Index is Martin Winterkorn, the CEO of the Volkswagen Group (which posted a record profit in 2011). Winterkorn had... Read more
VW aims to match last year’s record profit for 2012, CEO Winterkorn says
For this year, Volkswagen AG is aiming to be at par with the high level of profit it achieved in 2011, CEO Martin Winterkorn disclosed. The company is betting on the new generations of VW... Read more
Vw expects 2012 to be much tougher, says CEO Martin Winterkorn
The CEO of Volkswagen AG, Martin Winterkorn, said that 2012 will be a “harder” year for the business with the European debt crisis crimping the demand for vehicles. In last Monday’s... Read more
Vw says its global staff will increase by more than 10 percent next year
Volkswagen’s worldwide staff will possibly increase by over 10% in 2012, according to CEO Martin Winterkorn in an interview with German newspaper Bild am Sonntag. He said that the group... Read more
Vw Group CEO Martin Winterkorn satisfied by the Skoda and Seat sales
Volkswagen Group’s subsidiaries -- Skoda and Seat – have been performing well and at a level that CEO Martin Winterkorn is satisfied with. He said that Skoda could sell 1.5 million cars... Read more
Volkswagen says its production was not affected by the earthquake in Japan
Volkswagen AG’s CEO Martin Winterkorn said at a recent press conference in Salzburg, Austria that its production has not been affected by disruptions at Japanese parts makers because of... Read more
Vw’s CEO Martin Winterkorn is better paid than Daimler’s CEO Dieter Zetsche
Volkswagen AG CEO Martin Winterkorn was paid more in 2010 than Daimler AG CEO Dieter Zetsche. Winterkorn’s compensation had increased by 41% as record earnings were posted by Volkswagen,... Read more
VW adds 5 more years to contract of CEO Martin Winterkorn to overtake Toyota
The contract of Volkswagen AG's CEO, 63-year-old Martin Winterkorn, was extended by five years as he seeks to complete a merger with Porsche Automobil Holding SE and outdo Toyota Motor... Read more
VW picks Porsche over Audi to lead development of sports cars, luxury sedans
Audi’s hopes were crushed when Volkswagen CEO Martin Winterkorn finally decided to give Porsche the lead in developing sports cars and big luxury sedans for VW group. For the last several... Read more
VW Board extends term of CEO Martin Winterkorn
Volkswagen AG CEO Martin Winterkorn’s contract has been extended until 2016, according to a report from German magazine Der Spiegel. Winterkorn is expected to receive a fresh five-year... Read more
Alfa Romeo and Ferrari sale to Volkswagen is just a dream, says Marchionne
Fiat S.p.A. CEO Sergio Marchionne and Volkswagen CEO Martin Winterkorn are describing a sale of its Alfa Romeo and Ferrari brands to its German rival as simply a “dream.” At an event in... Read more
VW set to buy Porsche Holding Salzburg Group for $4.55Bil
In a move that Volkswagen AG says will help it reach its goal to become the top global automaker, VW will pay EUR3.3 billion ($4.55 billion) to purchase Porsche Holding Salzburg, Europe’s... Read more
Audi’s 3Q 2010 results exceed market forecasts by a big margin
For the third quarter, Volkswagen’s luxury brand Audi had profitability that far exceeded market forecasts and thriving earnings from its China operations. Last Wednesday, VW revealed... Read more
Volkswagen claims to be on track to take the lead from Toyota
After having posted surging results in China, Volkswagen AG CEO Martin Winterkorn claims that the company is gaining on Toyota Motor Corp.’s sales and profitability. He added that the... Read more
Volkswagen’s supervisory board to extend CEO Martin Winterkorn’s contract
Saying that the CEO has “advanced the company in every respect,” Volkswagen AG’s supervisory board plans to extend CEO Martin Winterkorn’s contract by several more years, according to... Read more
Martin Winterkorn is the new Porsche CEO
Effective September 15, Dr. Martin Winterkorn will serve as CEO and Hans Dieter Patsch will be CFO of Porsche Automobil Holding SE. The supervisory board appointed the two in its most... Read more
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