Volkswagen's Piech plotting to oust MAN chairman
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Volkswagen supervisory board chief Ferdinand Piech and labour representatives from both VW and truck maker MAN are plotting to oust MAN chairman Haakan Samuelsson, the daily Die Welt reported Friday.
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Senior negotiators from Volkswagen and its main union have met to seek a deal on cost cutting that could head off the first full-blown strike at the carmaker&#39;s western German factories.
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German industrial group MAN would be happy to have Volkswagen as a shareholder if the company's 9.6-billion-euro (12.2-billion-dollar) bid for Swedish truck maker Scania succeeds, MAN's chief chief executive has said in an interview.
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Volkswagen of America plans to announce today that it will move its headquarters to Herndon, as part of a new corporate strategy to for revamping its sagging auto business.
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Germany's MAN AG is planning a more   attractive bid to win over resistant shareholders of Swedish   truckmaker Scania SCVb.ST, the Wall Street Journal on Friday   quoted MAN Chief Executive Hakan Samuelsson as saying.
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Volkswagen AG, Europe's biggest carmaker, is threatening to slash 30,000 jobs to force unionized employees to accept a pay freeze in the latest and largest labor-management confrontation this year in Germany.
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German sports car maker Porsche  aims to raise its stake in German car maker Volkswagen (VW)  to 51 percent, the German current affairs weekly Der Spiegel reported.
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The situation at German carmaker  Volkswagen  is serious, a senior executive said,  although he denied a report that the company could cut an extra  10,000 jobs at its core VW brand.
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FRANKFURT -- Automaker Volkswagen AG said yesterday there is ''no room&quot; for wage increases as it prepares for pay talks with Germany's largest industrial union, and detailed proposals to trim labor costs by cutting paid breaks and increasing flexible working time.
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Dr. Wolfgang Bernhard is to be appointed a full member of the Board of Management of Volkswagen AG - initially without portfolio - with effect from 1 February 2005.
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Some of Germany's best-known and highly respected companies, including Siemens and Volkswagen, have hit the headlines this week in corruption scandals that threaten to tarnish Germany's squeaky clean business reputation.
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German sports car maker Porsche  (PSHG_p.DE) aims to raise its stake in German car maker  Volkswagen (VW)  to 51 percent, the German current  affairs weekly Der Spiegel reported.
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FRANKFURT Representatives of Volkswagen and its labor union faced off across a table Wednesday, opening a round of negotiations that will be closely watched here as a test of how long German workers can preserve their privileged place in the global auto
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Porsche, the German maker of luxury sports cars, wants to further increase its stake in Europe's biggest car maker Volkswagen, Porsche chief Wendelin Wiedeking has said.
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Around 3,500 employees of German auto giant Volkswagen have taken voluntary redundancy since the beginning of the year as part of the group's massive restructuring programme, VW chairman Bernd Pischetsrieder has revealed.
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Volkswagen's new chief executive Martin Winterkorn has been nominated as chairman of Swedish truck maker Scania in a new phase in the plans for a three-way tie-up with German group MAN, Scania said Tuesday.
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Former VW boss Ferdinand Piech, now head of the car giant's supervisory board, insisted on Wednesday he was unaware of a corruption network that had operated within the group for years.