Volkswagen
Moldova's seventh Free Enterprise Zone to be opened in Balti
March 05, 2010The Moldovan Parliament has approved the Law on setting up a free enterprise zones (FEZ) in Balti. It will create up to 7 thousand jobs and machine building products. The seventh free enterprise zones (FEZ) of Moldova is created for 25 years and two...
Two former VW executives go on trial
November 15, 2007Two former Volkswagen executives have gone on trial in Germany over alleged corruption at Europe's biggest car maker. The Braunschweig trial charges Klaus Volkert, chairman of VW's powerful works council for 15 years, with 48 counts of inciting breach...
China tougher market for U.S. car sales
November 05, 2007General Motors Corp. in China is seeing increased competition from Volkswagen, Toyota and Honda. In the last decade, GM has made hundreds of millions of dollars profit in China, where it has sold more Buicks than in the United States, the Los Angeles...
Court tosses Germany's VW protection law
October 24, 2007The European Union's highest court Tuesday tossed the law protecting German car-maker Volkswagen from unwanted takeovers, allowing Porsche to do just that. Striking down the law would allow Porsche to increase its 31-percent stake to a majority, Deutsche...
Volkswagen to equip its key models with SIRIUS
June 23, 2007Sirius Satellite Radio has struck a deal with Volkswagen’s US division that starting with 2008 its receivers will be included as standard equipment in various VW vehicles. Adrian Hallmark, executive vice president of Volkswagen of America said...
Ford mulls building car plant in Slovakia
June 20, 2007U.S. car maker Ford is considering building an assembly plant in Slovakia located in an industrial park near the town of Kechnec, where a Ford-Getrag joint venture already makes gear boxes, the economic daily Hospodarske Noviny said on Wednesday, without...
Volkswagen meets suppliers in India to discuss about new plant
June 11, 2007Volkswagen has met with about 250 suppliers from India and abroad in Mumbai, India's financial capital to source material for its new Indian plant, which is on schedule to start production in 2009, the company said in a statement. Joerg Mueller, the...
Porsche buy bigger Volkswagen stake to head off takeovers
March 27, 2007Porsche has increased its stake in Volkswagen to 30.9% in a move intended to stop it becoming a target for hostile takeovers. The sports car maker has been buying VW shares for the last year and a half and said it was doing that to protect its partnership...
Volkswagen's 2006 profit rose 52 percent to 4.38 billion euros
February 21, 2007Volkswagen AG reported a better-than-expected full-year operating profit, informs Reuters. Volkswagen's profit rose 52 percent to 4.38 billion euros ($5.8 billion). VW shares rose to a record high, trading up 6.9 percent at 94.00 euros by 140...