World Business Briefing: Germany: VW Narrows American Loss
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Volkswagen narrowed its North American first-half loss by reducing discounts and warranty claims and concentrating on sales of the most profitable models, the company said. Volkswagenâs sales have fallen this year in the United States as the company prepares new models for 2008. The company sold 91,743 vehicles in the United States in the first five months, a 4.4 percent drop from a year earlier. Sales in 2007 will be flat, Mr. Hallmark said.
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Volkswagen ,  Europe's biggest carmaker, has no interest in acquiring  DaimlerChrysler's (DCXGn.DE) loss-making U.S. arm Chrysler or  expanding cooperation accords, a VW spokeswoman said on Friday.
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DaimlerChrysler AG, the world&#39;s fifth- biggest carmaker, reported a third-quarter profit as Chrysler&#39;s US sales rose. Volkswagen AG&#39;s earnings fell a seventh quarter in a row on higher sales incentives and Fiat SpA&#39;s loss widened.
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German auto giant Volkswagen posted Friday a third-quarter net profit of 947 million euros (1.36 billion dollars), compared with just 23 million in the same period a year earlier.
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Negotiations between VW and unions about radical cost savings at its German factories resume against a backdrop of falling profits at Europe's largest car maker.
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Germany's Deutsche Post AG (DPWGn.DE: Quote , Profile , Research ) said losses at its U.S. express and logistics business will be 200 million euros ($246.1 million) greater than expected this year, sending its ...
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European stock markets reversed early losses on Tuesday after reassuring comment from Deutsche Bank (NYSE:DB).
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Business confidence in Germany, Europe&#39;s largest economy, probably declined to a four-month low in October amid signs that both export orders and consumer spending are slowing, a survey of economists showed.
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BERLIN - Volkswagen AG&#39;s announcement this week that it has forged a new partnership deal with Malaysian carmaker Proton comes as a strong euro and Europe&#39;s weak economic performance triggers a fresh wave of German investment in Asia.
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Volkswagen  plans to prices its vehicles in the U.S. market more aggressively and drop costly features many customers there don't want, Chief Executive Martin Winterkorn was quoted as saying.
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Continued depreciation in the dollar  is forcing Europe's largest carmaker Volkswagen to consider  building VW and Audi brand cars in the United States, the  company's sales and marketing head said.
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WORKERS at General Motorsâ German unit Adam Opel are not out of the woods yet. The company and union officials have agreed to reduce the German workforce by up to 10,000, but if cost cutting falls short, or
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DaimlerChrysler AG, the world&#39;s fifth- biggest carmaker, reported a third-quarter profit as Chrysler&#39;s US sales rose. Volkswagen AG&#39;s earnings fell a seventh quarter in a row on higher sales incentives while Fiat SpA&#39;s loss widened.
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Volkswagen AG, Europe&#39;s largest carmaker, reported a seventh consecutive decline in quarterly profit as domestic demand weakened and sales growth in China slowed, making the full-year profit target harder to reach.
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Volkswagen AG  will decide in 2008 where to build a new auto plant in North America, VW chief executive and management board chairman Martin Winterkorn said on Sunday.
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Shares in Volkswagen VOWG.DE fell   more than 2 percent on Monday ahead of a vote by German   metalworkers union IG Metall on whether to reopen its contract   with Europe's biggest carmaker.
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German-US auto giant DaimlerChrysler no longer rules out the sale of its loss-making US subsidiary Chrysler and may present a plan at its annual earnings news conference later, newspapers have reported.