Volkswagen beats estimates; no boost for share
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Third-quarter operating profit at Volkswagen  rose more than 50 percent thanks to resurgent earnings at its core VW brand after the world's fourth-largest carmaker cut thousands of jobs last year.
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DaimlerChrysler AG posted a $1.18 billion profit for the third quarter as sales climbed 2 percent to $43.1 billion. However, the German-American automaker also disclosed that the Mercedes-Benz Group faces tough sledding in months to come.
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TRW Automotive Holdings Corp.  reported a 44 percent drop in quarterly earnings on Thursday under pressure from automaker production cuts in North America, but exceeded average Wall Street forecasts and shares rose as much as 2.2 percent to an all-time high.
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Stocks were little changed on Friday as optimism that fueled a sharp two-day rally faded on rumors of more trouble in the global financial sector, overshadowing strong earnings from Microsoft Corp  and Caterpillar Inc .
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FRANKFURT Volkswagen said Monday that there was &quot;no room&quot; for wage increases, dismissing a union demand for a 4 percent annual increase and instead announcing plans to cut paid breaks and increase flexible working time.
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Volkswagen AG's profit fell 31 percent in 2004 as the German automaker fought headwinds from the weak dollar in the U.S. market and sluggish consumer spending at home.
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HANOVER, GERMANY -- Under pressure to cut costs and improve earnings, Volkswagen struck a far-reaching compromise with its workers Wednesday, winning a 28-month pay freeze and lower pay for new hires in return for a no-layoff guarantee until 2012.
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German auto giant Volkswagen posted strong third-quarter results Friday and restated a record full-year sales target as Chinese and South American growth offset slumping turnover at home and in the United States.
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BERLIN Volkswagen says its full-year net profit fell 31 percent in 2004. The German automaker fought headwinds from the weak dollar and sluggish consumer spending in Germany.
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WOLFSBURG: Volkswagen challenged its workers with a tough wage plan yesterday ahead of talks seen as a gauge of their readiness to favour job security over pay rises, a swap that could make Europe&#39;s biggest economy more competitive.
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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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STUTTGART, Germany  - Volkswagen , Europe's biggest carmaker, has no interest in acquiring DaimlerChrysler's  loss-making U.S. arm Chrysler or expanding cooperation accords, a VW spokeswoman said on Friday.
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DaimlerChrysler's DCXGn.DE  third-quarter operating profit rose 7 percent, just below  analyst expectations, as gains at U.S. arm Chrysler helped  offset weaker earnings at premium carmaker Mercedes.
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TRW Automotive Holdings Corp.   reported a 44 percent drop in quarterly earnings on Thursday  under pressure from automaker production cuts in North America,  but exceeded average Wall Street forecasts and shares rose as  much as 2.2 percent to an all-time high.
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The German economic outlook has rarely looked sunnier, with sky-high business confidence and growth strong enough to shrug off a sharp rise in sales tax early this year, data showed on Thursday.
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German mass carmaker Volkswagen  improved January VW brand sales in the United States by 2.3 percent to 16,610 vehicles thanks to rising demand for the Passat estate and the Golf GTI models, the company said late on Thursday.
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U.S. stocks were little changed on Tuesday as data showing third-quarter unit labor costs gained less than expected eased investor fears about wage inflation, while Ford Motor Co.  shares fell after it announced plans for a $3 billion convertible bond sale.