Ex DaimlerChrysler Exec Wolfgang Bernhard to GM or VW?
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LE CASTELLET, France, Sept 19, 2004; Tom Brown writing for Reuters reported that General Motors Corp.
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Volkswagen AG is considering building its new "baby Bentley" model in the Dresden, Germany, factory where it assembles its luxury VW Phaeton sedan, the company said Monday.
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Volkwagen  brand group chief  Wolfgang Bernhard has met with DaimlerChrysler (DCXGn.DE) head  Dieter Zetsche to discuss his possible return to  DaimlerChrysler, German magazine Automobilwoche said on  Saturday.
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Juergen Schrempp, the former head of DaimlerChrysler who masterminded the tie-up of the German and US auto makers nine years ago, stands to pocket up to 100 million euros (134 million dollars) from the break-up of the group, a newspaper reported on Monday.
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DaimlerChrysler's  chief executive is examining the possible spinoff of the firm's ailing U.S. unit Chrysler, Handelsblatt and Frankfurter Allgemeine Zeitung said on Wednesday, citing sources close to the matter.
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A deal seems to be taking shape in wage talks between Volkswagen and the IG Metall metalworkers union, the head of the works council at Europe&#39;s biggest carmaker said Wednesday.
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Belgian Prime Minister Guy Verhofstadt will meet new Volkswagen boss Martin Winterkorn to discuss a plan to save thousands of jobs at VW's Brussels plant thanks to a new Audi model, union officials said.
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A new facility for VW and Audi could take the edge off the companyâs currency woes. VW sales and marketing chief Georg Flandorfer, in an interview with Frankfurter Allgemeine Zeitung, said that steep losses
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The German automaker Volkswagen named Stefan Jacoby, left, as president and chief executive of Volkswagen of America, the company said. Mr. Jacoby, currently executive vice president for marketing and sales with the companyâs Volkswagen Group, succeeds Frank Witter, who is moving to Volkswagen Credit to become co-president with Kevin Kelly, Volkswagen said. It added that Mr. Jacoby, 49, would reorganize the automotive business in the United States âin close coordination with the board of management.â It said in a statement that âthe objective is to achieve further significant expansion in the position of Volkswagen and Audi on the U.S. market through attractive and competitive products.â.
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SOUTHFIELD, Mich. -- DaimlerChrysler AG is discussing the sale of its money-losing Chrysler unit to General Motors Corp. as one of the options under consideration by the two automakers, people with knowledge of the talks said.
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A leading software exporter from India won a multi-year contract to design Ferrari's Formula 1 engines. Also: IBM to become the technical adviser to British bank & hellip;. Orange unveils 3G phone for France and Britin & hellip;. and more.
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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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General Motors may bundle its  European operations in a new company based in Brussels in a  move to cut costs and simplify management structures, a German  newspaper reported on Saturday.
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Volkswagen said it had increased its stake in the German truck maker Man to nearly 30 percent, a move that would give it a better say in guiding Man toward a friendly alliance with the Swedish truck maker Scania. Volkswagen said it had raised its stake in Man to 29.9 percent from 20 percent, ensuring its position as the companyâs biggest stakeholder. Volkswagen, which is based in Wolfsburg, Germany, is also Scaniaâs biggest shareholder and has been pushing toward an alliance of the companies to be more competitive with larger rivals in Europe. Man is based in Munich and Scania is based in Sodertalje, Sweden.
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FRANKFURT, Germany  - General Motors Corp.'s German division announced a deal Thursday that will allow the struggling automaker to cut thousands of jobs while avoiding forced layoffs and offering large incentives for employees to leave.
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Volkswagen AG  will decide in 2008 where to build a new auto plant in North America, VW chairman Martin Winterkorn said on Sunday.
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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.