Volkswagen shareholders approve €1.4 billion in dividend payments
At the 52nd Annual General Meeting of Volkswagen AG, the recommendation by the Board of Management and the Supervisory Board to pay dividend of €3.00 per ordinary share and €3.06 per... Read more
Volkswagen’s assembly plant in Osnabrueck to build the Porsche Boxster
Volkswagen AG’s assembly plant in Osnabrueck, Germany, will commence volume production of the Porsche Boxster sports car this fall. Porsche will use the Osnabrueck site to manage the... Read more
Porsche Panamera Plug-in Hybrid will debut in 2014
Volkswagen AG is priming up for the plug-in hybrid market by introducing more vehicles that don the environment-friendly powertrain. Porsche AG, whose sports car operations are... Read more
2012 Geneva Motor Show: Vw Cargo up! Concept wants to be a delivery van
Do you need a panel van that suits your city delivery needs? Volkswagen AG has just the right solution. Introducing the Cargo up! panel van, one of the four up! city cars that Volkswagen... Read more
Court says Ferdinand Piech violated duties as Porsche board member
The Stuttgart Higher Regional Court ruled that Ferdinand Piech violated his duties as a member of Porsche Automobile Holding SE 's supervisory board when he commented in 2009 about the... Read more
Jaguar seeking joint venture with China partner
Talks are ongoing for Tata Motors Ltd.’s Jaguar Land Rover unit to get a possible partner in China, according to Tata group CEO Carl-Peter Forster who spoke on the sidelines of a forum in... Read more
Viking Global sues Porsche for stock fraud scheme in VW takeover attempt
Viking Global Investors filed a suit last Friday in the federal court in Manhattan against Porsche SE for its attempted takeover of Volkswagen AG. The New York-based fund claims that what... Read more
Skoda’s car sales up 12.8% for January-September period
Skoda Auto’s car sales increased by 12.8% to 568,990 vehicles during the first nine months of the year. Last month, the unit of Germany's Volkswagen AG said that for the month of... Read more
Magna wants $600 million from Porsche for canceling a contract
Magna International Inc. and Porsche AG are embroiled in a controversy related to a contract cancellation but so far, parties have refused to comment on the issue that Austrian newspaper... Read more
Fiat CEO Sergio Marchionne says Q3 going well
Despite the weakness in Europe's car market, Fiat S.p.A.'s third quarter is doing well, according to CEO Sergio Marchionne. He also confirmed that it's possible that Fiat will raise its... Read more
Vw wants new China boss to take on GM an Hyundai
Former Continental AG Chief Executive Officer Karl-Thomas Neumann is a candidate to replace Volkswagen AG's Winfried Vahland, said a person familiar with the matter. Neumann, who got... Read more
Business as usual between Vw and Magna once Opel deal is dead
"Business as usual" according to Volkswagen AG, which has dropped its threat to halt awarding contracts to Magna International Inc. now that it won't be the new owner of competitor Opel.... Read more
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