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Volkswagen workers in Germany to receive €7,200 bonus for 2012 results


Volkswagen AG employees in Germany covered by collective bargaining agreements will receive a performance-related bonus of € 7,200 for the 2012 financial year. The sum is the result of negotiations between the Works Council Chairmen of the Brunswick, Emden, Hannover, Kassel, Salzgitter and Wolfsburg plants and the Volkswagen Board of Management. “This bonus is the result of hard work and is well-earned. ...
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Volkswagen CFO expects worse first quarter this year
Volkswagen predicts the first quarter of this year will be worse than a year earlier, adding to another forecast last week that said the carmaker's 2013 operating profit will stagnate. According ...
Volskwagen posts 41 percent increase in net profit for 2012
Volkswagen AG posted a net profit of 21.7 billion euros ($28.7 billion) for 2012, up 41 percent on revenues that were 21 percent bigger. Volkswagen said in a press release Friday ...
Volkswagen forecasts stagnating operating profit in 2013
Volkswagen AG forecasts that operating profit this year will match last year's level, as the shrinking auto market in Germany affects earnings. Earnings before interest and taxes, which rose 2.1 percent ...
Prosecutors extend manipulation probe to all Porsche SE board members
Prosecutors in Germany have extended a probe into market manipulation during Porsche's failed bid to take over Volkswagen to all members of Porsche SE's supervisory board. The list includes chairman Wolfgang ...
Report: VW CEO expects to earn less this year
Volkswagen AG CEO Martin Winterkorn, the highest-paid top manager among Germany's biggest companies, expects to earn less this year. Winterkorn said that is because the carmaker considers limiting compensation packages. A compensation ...
Piech suggests VW will add at least one brand
Volkswagen AG chairman Ferdinand Piech suggested the company has plans to add at least one brand to the lineup in a bid to become the world's largest carmaker by 2018. In ...
VW signs agreement with unions on temporary work
The Volkswagen Group Board of Management, the European Group Works Council and the Global Group Works Council of Volkswagen AG have today signed a “Temporary Work Charter for the Volkswagen ...
MAN prepares for tough 2013 as truck orders drop because of the Euro crisis
MAN expects next year to be even tougher than 2012 as orders in the third quarter dropped more than normal. The Chief Financial Officer of the truckmaker controlled by Volkswagen AG, ...
VW cuts its Western Europe sales target for 2012 by 140,000 units
Volkswagen AG has cut its internal 2012 sales target for Western Europe by up to 140,000 vehicles, according to a German daily newspaper. "The VW group is tentatively selling more cars ...

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