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Volkswagen releases massive investment strategy, seeks further cost cutting


The German automaker, the largest in Europe and the second biggest in the world has just shown its latest investment strategy – aiming to poor into its automotive business 85.6 billion euros ($106 billion) over the next half a decade. The new plan is a key asset to the relentless strategy for VW AG to become the largest global automaker, as ...
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Porsche SE still in trouble over failed VW takeover
Volkswagen AG now owns the entirety of the luxury sports car manufacturer Porsche, but not long ago the brand’s controlling holding – Porsche SE – attempted to gain control over ...
Volkswagen brand sales stay level in August
Volkswagen reported that sales at its core passenger-car brand rose only 0.1% in August to 471,000 vehicles, making the eight-month deliveries of this year reach 4.03 million units, a 3.4% ...
Volkswagen gets back on track with March sales increase
As the situation starts to get better each month on the battered European car market, the recovery from the six years slump is starting to show. Europe’s biggest automaker and ...
Volkswagen plans budget car; it will cost up to 8,000 euros
The management board of the German automaker Volkswagen might give the ok for the budget car aimed at emerging markets, Germany's Manager Magazin reports. It has been a long struggle for ...
VW’s CEO asks for better car data privacy
As cars now become increasingly technology dependent and the onset of connected data is upon us, the question of digital privacy surrounding our car and what we do with them ...
Volkswagen to lower German workers bonus
The German automaker, the world’s second biggest by sales, said it aims to lower the 2013 bonus for its German workers, as profit and sales were hurt by the tough ...
US: workers at VW’s plant challenge UAW objection to vote
Although workers at Volkswagen’s Chattanooga, Tennessee facility last week voted against allowing UAW’s unionization, the debate around the issue remained, with the union challenging the vote on outside interference. Now, an ...
Europe: VW shares take a hit
Although Volkswagen ended 2013 by narrowly snatching the No. 2 global sales position from GM, the rather cautious 2014 profit forecast and the Scania bid took shareholders for a rather ...
US: UAW challenges VW plant vote result
Following the result of last week’s vote in which the workers at VW’s US auto plant in Chattanooga, Tennessee, decided to decline unionization, the losing party – UAW – has ...

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