Porsche Planning Still Larger Role in Volkswagen
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German financial markets are rife with speculation that Porsche intends to take over Volkswagen, and Porsche is acting as if it already calls the shots.
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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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Management and unions at Volkswagen have sat down for talks about a vast cost-cutting programme, including the loss of up to 20,000 jobs and the abolition of the four-day week for the German workers of Europe's biggest car maker.
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Volkswagen, the biggest European carmaker, sold a record 6.2 million vehicles last year owing to strong demand in eastern Europe, Brazil and China, VW said Monday.
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STUTTGART - Despite signs of a global economic slowdown, two of Germany&#39;s leading luxury carmakers - Porsche AG and BMW AG - have said they are off to a strong start to their new business years.
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We get the inside line on Porsche's plan for a gas-electric version of its forthcoming Panamera and the latest word on the Cayenne hybrid slated for production by 2010.
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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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The regional state authorities of Lower Saxony has denied a newspaper report that said they were seeking support from other shareholders in Volkswagen in the escalating battle for control of the German auto giant with luxury sports car maker Porsche.
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Luxury automaker Porsche AG said Friday it expects a 4.5 increase in net profit for the first half of 2005 with brisk sales of its redesigned mainstay 911 sports car.
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Volkswagen has recruited Wolfgang Bernhard, who as DaimlerChrysler&#39;s former star manager built a reputation as an aggressive cost-cutter, to join its board.
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German luxury automaker Porsche AG expects continued strong profits in its fiscal year ending July 31 despite the potential burden of the strong euro on U.S. sales, company executives said Wednesday.
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Europe's biggest carmaker Volkswagen is to meet with unions for talks that experts say are vital to the firm's future.
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Volkswagen  is seriously  considering making cars for premium arm Audi in its main  Wolfsburg plant to fill unused capacity at the factory and  placate labor, a magazine reported on Saturday.
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The car manufacturer synonymous with the U.S market is looking far further afield
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Volkswagen AG, Europe&#39;s largest carmaker, aims to freeze wages and save jobs at its German factories in upcoming wage negotiations with workers.
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Volkswagen, Europe's largest carmaker, becomes the latest German firm to try and update controversial labour agreements.
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German luxury sports car maker Porsche said Friday that sales in the first half of its 2007-2008 fiscal year grew by 14.2 percent to 3.5 billion euros (5.2 billion dollars).