Volkswagen

Daimler, VW dampen speculation about imminent CEO succession

Succession is not an imminent topic at Daimler or Volkswagen, the chief executives of both carmakers said on Thursday, adding that any potential candidates would most likely come from within their respective companies.

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At Brazil auto show, industry wonders if it can get any worse

Automakers in Brazil are facing the sharpest slowdown since 1999 and it could be a year or more before things turn the corner.

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GM's third-quarter global vehicle sales up 2 percent on strong China, U.S. demand

General Motors Co's (GM.N) global sales rose 2 percent in the third quarter, driven by strong demand in the two largest auto markets in the world, China and the United States.

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Volkswagen group vehicle sales up 3 percent in September

German automaker Volkswagen (VOWG_p.DE) group sales rose 3 percent in September to 881,300 vehicles, contributing to a 5.3 percent rise in sales for the nine-month period ending in September, the company said on Friday.

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Searching for new supercar, Bugatti shielded from VW cost curbs

Volkswagen (VOWG_p.DE) keeps lavishing money on supercar maker Bugatti, its most exclusive brand, even as the German group plans painful cuts in its core auto business.

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Daimler cuts car market forecast as Europe wobbles

German luxury automaker Daimler (DAIGn.DE) has cut its growth forecast for the global car market, blaming cooler demand in emerging markets and a plunge in Russian sales which has put a fledgling European industry recovery in jeopardy.

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Europe's carmakers walk tightrope between low cost and high spec

Carmakers are betting on style and recycling in the battle for Europe's burgeoning small car market, adding hi-tech safety and entertainment features while often using older vehicle underpinnings as a way to keep prices down.

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Europe new car registrations rise 1.8 percent in August: ACEA

Car sales in Europe rose 1.8 percent in August with volume makers Volkswagen (VOWG_p.DE), Ford (F.N) and Opel (GM.N) benefiting from improved demand in Spain, Portugal and Ireland, while premium makers lost ground due to a drop in sales in Germany.

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Germany's ZF to take over TRW Automotive for $13.5 billion

German car parts maker ZF Friedrichshafen [ZFF.UL] has reached a deal to buy U.S.-based TRW Automotive Holdings Corp (TRW.N) for $13.5 billion including debt, creating a global automotive supply powerhouse with combined annual sales of more than $40 billion.

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Audi expects to sell more than 1.7 mln cars in 2014 - CEO

Premium car maker Audi expects to sell more than 1.7 million cars in 2014 even as sales momentum in some emerging markets slows, Chief Executive Rupert Stadler said.

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Volkswagen to introduce SUV in North America as part of $7B investment plan

German-based carmaker Volkswagen intends to introduce a mid-sized sports utility vehicle for its North American market in 2016 as part of its $7 billion investment program, Bloomberg reported.

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India's Amtek Auto agrees to purchase Germany's Kuepper group for €200M

India-based integrated components manufacturer Amtek Auto agreed to acquire significant business interests in Germany-based integrated machine manufacturer Kuepper group in a deal reportedly valued at €200 million.

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Daimler to get 5pct stake in Aston Martin for supplying engines and electronic components

German carmaker Daimler will take a 5% stake in British luxury sports carmaker Aston Martin in exchange for supplying engines and electronic components to the latter. The partnership will develop a new generation of V8 engines for sports cars.

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Volkswagen reveals EUR84.2 investment plan

Europe's top carmaker Volkswagen (VW) has revealed its plan to invest EUR84.2 billion in the next five years for technology upgrades and modernization of its plants.

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10 Best Car Deals in November

November is here and before you know it, we will find ourselves in the midst of the holiday hustle and bustle. Before running off to the department stores to stock up on holiday presents for others, take a moment to make sure you're getting the best deal on a new car this month.

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