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Volkswagen cuts down Chinese plant workload

Volkswagen cuts down Chinese plant workload

Volkswagen Group announced yesterday that average utilization at its Chinese plants will decrease as overall production capacity will increase due to new factories being opened in the world’s biggest auto market, The German carmaker denied a report from the weekly magazine Wirtschaftswoche that its capacity utilization at its 20 cars […]

Report – former Audi technology chief to leave VW Group

Report – former Audi technology chief to leave VW Group

According to a report by German newspaper Handelsblatt, Audi’s former head of technical development, Wolfgang Duerheimer, will leave Volkswagen Group after refusing his old job as Bentley CEO. The German engineer was tasked with boosting Audi technology to give the brand an edge over rivals BMW and Mercedes-Benz, but was […]

Volkswagen Group on the rise

Volkswagen Group on the rise

The VW Group worldwide vehicle deliveries from January to July grew by 5.1% to a total of 5.45 million vehicles while for the month of July the group deliveries ran at 757,700 (July 2012: 734,500; +3.2%) units. The Volkswagen Group delivered a total of 2.16 (2.23; -3.1%) million vehicles to […]

Audi produced its 5 millionth quattro-equipped car

Audi produced its 5 millionth quattro-equipped car

Audi today celebrated an important milestone in the company’s history – the five millionth Audi vehicle with a quattro drive system. The car, a white Audi A6 allroad 3.0 TDI, rolled off the assembly line at the Neckarsulm plant. Audi says no other premium brand in the world can claim […]

Volkswagen CFO expects worse first quarter this year

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 to Volkswagen Chief Financial Officer Hans Dieter Poetsch quoted by Frankfurter Allgemeine Sonntagszeitung, the first quarter 2013 “will be […]