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.
Tags: Volkswagen
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.
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.
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.
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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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.
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.
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.
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.
Volkswagen's sales in the US remained a mystery to its manufacturers. Volkswagen AG (VW), the world's third largest automaker in the world, is disappointed with its US sales, according to Bloomberg report.
Al Nabooda Automobiles had set plans to expand its German car imports operations in Dubai and Sharjah.
According to a VW spokesperon, the trading volume at the London Stock Exchange was too low as against the administrative costs required.
Volkswagen AG invests new finds into the venture with FAW Group to expand the production of the plant in Foshan.
In an interview with a German daily, Volkswagen CEO Martin Winterkorn confirmed plans to increase its stake in the Chinese venture with FAW Group.
