Volkswagen to launch budget car family in 2018: CEO in paper

FRANKFURT (Reuters) - Germany's Volkswagen plans to launch a family of low cost budget cars in China and possibly elsewhere starting in 2018, its chief executive said in a newspaper interview on Sunday.

Volkswagen to invest 1 billion euros in Thai plant - Wirtschaftswoche magazine

FRANKFURT (Reuters) - Volkswagen plans to invest 1 billion euros (0.80 billion pounds) to build a new manufacturing plant to produce fuel efficient cars in Thailand, a German magazine said on Saturday.

Volkswagen posts 6.3% December group sales gain, 2013 record deliveries

BERLIN/FRANKFURT: Germany's Volkswagen increased group sales by 6.3 per cent in December as demand from China and North America more than offset declining deliveries in core European markets.

GM Replacing China President as Socia Retires After One Year

General Motors Co. (GM), which sells more vehicles in China than in any other country, is replacing its president in the country after a year.

Volkswagen Issues Global Recall of 2.64 Million Vehicles

Volkswagen is recommending that mineral oil be used in dual-clutch gearboxes on 1.6 million cars and vans in place of synthetic oil, Michael Franke, a spokesman at the Wolfsburg, Germany-based company, said today by phone.

Volkswagen issues 1.2 bn euros of convertible bonds

FRANKFURT: Volkswagen will sell up to 1.2 billion euros ($1.6 billion) in bonds that will be converted into shares to bolster its car finance arm, the second such issue in seven months.

Volkswagen committed to European plants: CEO Martin Winterkorn

VIENNA: German carmaker Volkswagen will keep its plants in Europe despite weak markets in the region that will require flexible manufacturing and could entail cuts to temporary staff, Chief Executive Martin Winterkorn said.

Why car sales are strong in US

DETROIT: It's not quite boom times for the US auto industry. But it's getting there. Sales of new cars and trucks are likely to reach 14.5 million for 2012. And if they climb much beyond that, they'll be closing in on a high set in 2005.

Toyota set to reclaim 'top car maker' spot from GM

Toyota Motor is set to overtake General Motors and reclaim "the world's biggest car maker" title for 2012, after a bumper year of sales at home and abroad.

Volkswagen eyes budget cars for emerging markets in 2 years

FRANKFURT: Europe's biggest car maker Volkswagen today said it is considering selling " budget cars" for as little as 5,000 euros (USD 6,500) in emerging markets "within two years".

Volkswagen drops appeal in 'GTi' dispute with Suzuki

FRANKFURT: Volkswagen has dropped its appeal of a court ruling in a brand infringement case against estranged partner Suzuki, a spokesman for the German carmaker said on Saturday, confirming an earlier report.

VW cuts European sales target by 150,000 vehicles: Reports

FRANKFURT: German carmaker Volkswagen has cut its internal 2012 sales target for Western Europe by 150,000 vehicles, German weekly magazine Der Spiegel said, without citing sources.

Volkswagen hopes revamped Golf will help it catch Toyota

BERLIN (Reuters) - Volkswagen is hoping a sleek makeover will keep its Golf in the best-selling compact car spot, helping the German automaker overtake Toyota and GM as the world leaders.

Suzuki seeks end to Volkswagen alliance

Suzuki Motor is seeking an end to its partnership with Volkswagen, after the German carmaker accused Suzuki of breaking the terms of their agreement.

Suzuki will ask Volkswagen to sell its 19.9% stake in the firm, the company said in a statement.

The Japanese car company, in turn, will offload its 1.5% stake in Volkswagen.

Siemens, Volkswagen and BASF see shares fall

Several German industrial giants have seen their share prices fall after reporting disappointing results.

Siemens, Europe's largest engineering conglomerate, reported a drop in third-quarter profits, sending shares down 0.8%.

Chemical firm BASF and carmaker Volkswagen also saw their stocks drop.