Christine Ritz News
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Volkswagen AG, Europe’s largest carmaker, is preparing for a drop in first-quarter earnings as the region’s auto market enters its sixth year of declines.
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Volkswagen AG, Europe’s largest carmaker, will offer to buy out the rest of MAN SE’s shareholders to take full control of the German truckmaker.
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Volkswagen AG said the carmaker is “still in the process” of deciding on a plan to combine with Porsche SE’s automotive business.
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Porsche SE plunged the most in more than two years after saying efforts to combine with Volkswagen AG by the end of 2011 had failed because of pending lawsuits.
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Suzuki Motor Corp. said it didn’t break a cooperation agreement with Volkswagen AG, after the German carmaker said the Japanese company violated terms by deciding to buy engines from Fiat SpA.
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Volkswagen AG said Suzuki Motor Corp. broke the rules of a cooperation agreement by deciding to purchase engines from Fiat SpA and has given the Japanese carmaker “several weeks” to remedy the alleged infringement.
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The following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses.
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Volkswagen AG’s supervisory board scheduled an extraordinary meeting over a draft plan to combine with Porsche SE’s automotive business, Der Spiegel said.
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Audi AG is in talks to buy Ducati Motor Holding SpA, the maker of luxury motorbikes ridden by celebrities such as Brad Pitt, from owner Investindustrial SpA, according to two people familiar with the matter.
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Volkswagen AG plans to integrate MAN SE’s Diesel & Turbo unit and the transmission-making Renk division into a new industrial unit together with its block heat and power plant business after acquiring the truckmaker, Manager Magazin reported, without citing anyone.
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