Ok, this is not new for 4WheelsNews readers as we revealed it in this post, but today Volkswagen officially confirmed that is new R GmbH sport division will be the specialist for sporty exclusive models in the future.

The new R GmbH has already two models in its portofolio: the Scirocco R and the Golf R as well as the dynamic R Line design packages and luxurious Volkswagen Exclusive items. “Our vehicles contribute to the emotionalisation and growth of Volkswagen brand,” explained Ulrich Riestenpatt gt. Richter, General Manager of Volkswagen R GmbH. Apparently, the new sport division is Volkswagen’s response to the increased global demand for individualized vehicles with contemporary sportiness and exclusivity.

Tags:car news, Volkswagen, volkswagen r gmbh, vw, vw r gmbh
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To help fund various acquisitions, Volkswagen AG said that it may use a convertible bond issue rather than a big portion of new shares.

VW said that on April 22, the date of the annual general meeting, it will request that shareholders approve a possible bond issue with an option or right to convert the bond into 40 million preferred shares. Finance chief Hans Dieter Poetsch said that having that authorization would provide an additional financing tool that the company regards as standard for raising the financial flexibility of major joint stock companies such as Volkswagen, but which is not currently available to the company. VW asserted that the issue could be bearer bonds with warrants or be convertible bonds with a term of up to 20 years on one or several occasions in the period until April 21, 2015. Management would only be able to exercise the authorization if the sum total of new shares does not go beyond the 135 million approved by shareholders at December’s extraordinary general meeting.

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Volkswagen AG’s goal to overthrow Toyota Motor Corp.’s supremacy in the automotive industry may be within reach. Amid increasing sales volumes, VW has predicted that its operating profit would make a rebound this year.

After the worse-than-expected earnings decline for 2009, VW’s preferred shares dropped by 2%. In a regulatory filing ahead of scheduled results on March 11, VW said that the Group’s sales revenue and operating profit for 2010 are seen to surpass the prior-year figures despite a shift in volumes between the markets. Interest and exchange rate volatility will remain a drag on profit. Continued after the jump!

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Tags:car news, Volkswagen, vw operating profit
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Sales will begin this August for Volkswagen’s new Polo GTI. This new car which was unveiled today at the Geneva Motor Show, which is designed to appear like a small Golf GTI, is equipped with a 1.4-liter Twincharger engine that offers 177bhp.

This new car has the lowest kerb weight in its class and uses a drivetrain like the one in the Seat Ibiza Cupra. The Audi A1 and the upcoming Skoda Fabia vRS will be given the same mix of engine and gearbox. The engine’s 177bhp is produced at 6200rpm, with 184lb ft of torque available from 2000rpm. The Polo, which has a kerb weight of 1184kg, can get to 62mph in 6.9sec and on to a top speed of 141mph. Continued after the jump!

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Tags:2010 geneva motor show, 2011 polo gti, 2011 vw polo gti, car news, Geneva Motor Show, Volkswagen
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Volkwagen revealed at the Geneva Motor Show its brand new 2010 Sharan, also known as the favourite vehicle of countless families all over Europe. This new generation is equipped for the first time with sliding doors in the back as well as a new design, inspired by the new trend in Volkswagen family.

Under the hood, we have the TDI and TSI engines (103kW / 140PS to 147kW / 200PS) and transmission systems (DSG optional). The 2010 Sharan includes EasyFold seating system (up to seven easily adjustable seats), high-end quality, uncompromising safety (seven airbags, Light Assist automatic main beam control, bi-xenon headlights with LED daytime running and position light) and numerous clever details. Also, we have new adaptive chassis control (DCC) and a level regulating system. The 2010 Vw Sharan will be available in Trendline, Comfortline and Highline versions and the base model will include features such as semi-automatic air-conditioning (‘Climatic’) and radio/CD system (‘RCD 210’). Volkswagen will again offer the four-wheel drive version (Sharan 2.0 TDI 4Motion with 140PS), which means that the vehicle will be the only in its class to offer such a system. The new Sharan will hit the dealerships by the end of March. Photo gallery after the jump!

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Tags:2010 geneva motor show, 2010 sharan, 2010 vw sharan, car news, Geneva Motor Show, Volkswagen, vw, vw gti concept
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At the CeBIT technology show in Hanover slated from March 2 to 6, attendees will be treated to a Volkswagen demonstration on how eCall, Europe’s emergency call system, works in real-life situations.

VW will coordinate with officials from its home state, Lower Saxony, to establish the technological infrastructure for an eCall pilot project. Michael Nitsche, a manager for the project, said that the new receivers will be able to process signals from both the American Global Positioning System (GPS) and Galileo, the future European satellite navigation system. Nitsche added that this compatibility “ensures exact positioning data and optimum availability.” Continued after the jump!

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Tags:2010 cebit, car news, Volkswagen, volkswagen ecall, vw, vw ecall
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Volkswagen unveiled today the brand new CrossGolf, which successfully completes the Golf line consisting of the classic Golf, Golf Plus, Golf Variant, Golf GTI and the Golf R introduced just a few weeks ago.

Based on the Golf Plus, the new car is actually a bridge between the MPV (Multi-Purpose Vehicle) and SUV (Sport Utility Vehicle), which means it unifies the variability of an MPV with the ruggedness of a SUV. Set to make its market debut in April, the new CrossGolf introduces a new generation of engines that offer huge fuel economy advantages. Continued after the jump!

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Tags:2010 crossgolf, 2010 geneva motor show, 2010 vw cross golf, 2010 vw crossgolf, Geneva Motor Show, Volkswagen, vw
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The Polo GTI makes a strong comeback. This GTI boasts to have 132 kW / 180 PS and it has superior handling properties unified with uncompromising engine dynamics and a maximum of safety.

The high-tech features don’t just end there. The 2011 Polo GTI is powered by a new 1.4-liter TSI with petrol direct injection plus turbo- and supercharging. A 7-speed DSG, which transfers power to the front wheels, is standard equipment. The tendency to understeer is reduced due to an electronic transverse differential lock (XDS). Continued after the jump!

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Tags:2011 polo gti, 2011 volkswagen polo gti, 2011 vw polo gti, car news, new polo gti, Volkswagen, vw
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In Volkswagen’s plan to be the world’s largest automaker by 2018, it would have to carefully weigh decisions and as much as possible, not commit any serious mistakes. Its lineup would have to be improved too.

Apparently, Volkwswagen had looked at the success of the Polo last year and thought that this time, it will present the new CrossPolo at the Geneva Motor Show. The CrossPolo’s ground clearance has been increased and will ride 15 mm higher than a standard Polo. The CrossPolo, which will only come in a five door configuration, will be offered in the following engines: 1.2 liter 70 hp, 1.4 liter 85 hp and 1.2 liter TSI 105 hp petrol engines, as well as the 1.6 TDI 75 hp, 90 hp and 105 hp diesel engines. At the Geneva show, VW will also be unveiling the 2011 Polo GTI, which is “the fastest, most focused and cleanest performance Polo yet produced.” Powering this vehicle is a twin-charged 1.4-liter TSI engine mated to a seven-speed DSG transmission, both of which are also used on the Seat Ibiza Cupra. The Polo GTI’s ride height has been dropped by 15mm compared to the conventional Polo. In Europe, the new Polo has the title of the Car of the Year 2010, the first Volkswagen in 18 years. Photo gallery after the jump!

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Tags:2010 geneva motor show, 2011 crosspolo, 2011 volkswagen crosspolo, 2011 vw crosspolo, car news, Geneva Motor Show, Volkswagen, vw
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A deal has been forged between German engineering sector union IG Metall and Volkswagen AG for job guarantees to be extended by three years until 2014, according to a union spokesman.

The deal, which took months of negotiation, was entered amid weak car markets, stunted growth, and increasing unemployment in western Germany. Last November, this proposed deal had raised the hopes of 90,000 workers in its high-wage western German plants as its personnel director had talked about the possibility of extending job guarantees until 2014. Continued after the jump!

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Tags:car news, Volkswagen, vw, vw job guarantees extend
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