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Germany’s Volkswagen AG and Anhui Jianghuai Automobile Group have received approval from Chinese regulators to form a joint venture to make electric vehicles, the two automakers said on Monday. The National Development and Reform Commission (NDRC), China’s…
Volkswagen AG’s joint venture in China, FAW-Volkswagen Automobile, will recall 577,590 Golf and Sagitar cars because of a headlight fuse defect that may lead to safety risks, the quality watchdog said. The recall covers 416,364 Golfs produced between…
Volkswagen has set itsef fixed targets for raising productivity at its troubled core division through 2020 by pushing cost savings, stemming overseas losses and launching more higher-margin cars. Volkswagen’s namesake VW brand is targeting an operating margin…
Volkswagen reported a 28 percent jump in first-quarter operating profit, helped by a return to earnings growth at its core VW brand which has struggled to recover from the German carmaker’s diesel emissions scandal. Group operating profit came to 4.4 billion…
Volkswagen Group’s Audi and Porsche brands will join forces on vehicle development, the two upmarket brands said on Wednesday, to help the world’s largest carmaker save money in the wake of its costly emissions test cheating scandal. The pact comes as…
Volkswagen’s truck division aims to significantly increase its profitability this year as deepening cooperation between the MAN and Scania brands and improving overseas markets spur business, it said on Monday. Volkswagen, which launched a new truck & bus…
Volkswagen division MAN expects operating profit to rise significantly in the fiscal year 2017, as the company continues its diesel-engine unit restructuring, which started in September. The German truck maker said on Thursday its operating profit rose to 204…
Volkswagen will show off a fully self-driving car at the Geneva auto show, as part of the German carmaker’s drive to be at the forefront of new technologies in the wake of its diesel emissions scandal. Europe’s biggest carmaker has said it will invest…
Record Audi and Porsche sales helped Volkswagen (VOWG_p.DE) swing to a record underlying profit in 2016, although a bigger than expected charge from the diesel emissions scandal meant it missed estimates for its operating profit. Sales of the German…
South Korea said on Thursday it has approved Volkswagen’s (VOWG_p.DE) plan to fix 27,000 Tiguan sports utility vehicles to ensure they comply with emissions standards, after previously rejecting the German automaker’s proposals three times. Government tests…
Burberry Korea is under fire for cutting prices “too little, too late”. It’s not the first time Burberry has been criticised for its Asian pricing strategy. Last May, Jack Chuang, a partner with Hong Kong-headquartered OC&C Strategy Consultants, said that of…
Global deliveries of Skoda Auto, the Czech unit of Volkswagen, grew by 10.6 percent to 97,900 vehicles in October, boosted by growing sales in China and Europe, the company said on Thursday. In the January-October period, Skoda said sales had grown by 6.7…
U.S. District Judge Charles Breyer said on Thursday that Volkswagen AG has made substantial progress in talks with the U.S. Justice Department and other government agencies toward resolving the fate of about 80,000 polluting diesel 3.0 liter vehicles. At a…
Volkswagen said third-quarter operating profit at its core brand plunged more than half, adding weight to management calls for cutbacks at VW’s biggest division. Operating profit at the VW namesake brand dropped to 363 million euros ($396 million) from 801…
Volkswagen’s luxury car unit Audi has agreed to deepen collaboration with Chinese internet technology groups to offer more digital services in the world’s largest car market. Audi and FAW-Volkswagen, VW’s joint venture with FAW Car Co Ltd (000800.SZ), have…
Volkswagen Passenger Cars Malaysia (VPCM) Sdn Bhd will be the official distributor of Volkswagen cars in the domestic market. VPCM is managed by European automotive retail specialist, Porsche Holding Salzburg, the car distributor said in a statement. The…
