Volkswagen AG, Europe’s biggest carmaker, sold 2 billion euros ($2.7 billion) in preferred stock to fund the takeover of Swedish truckmaker Scania AB.
Scania AB , the Swedish truckmaker controlled by Volkswagen AG , said it’s considering a merger with MAN SE of Germany to create Europe’s largest manufacturer of commercial vehicles.
Audi AG delivered more cars than Bayerische Motoren Werke AG’s namesake brand through the first two months of 2014 to nab the global lead in luxury sales.
Volkswagen AG, Europe’s largest carmaker, will add a mid-sized sport-utility vehicle in the U.S. and probably produce it in Chattanooga, Tennessee, two people familiar with the matter said.
Porsche SE ’s car-making division tripled profit in its shortened 2010 fiscal year as deliveries of the Cayenne sport-utility vehicle and Panamera sedan surged.
European car sales advanced a seventh consecutive month as new models to replace aging vehicles and an economic rebound in the U.K. boosted demand at Renault SA, Ford Motor Co. and PSA Peugeot Citroen.
Volkswagen AG, Europe’s biggest carmaker, sold 5.8 percent more autos in the first quarter, marking a delivery record for the period as the Audi luxury brand attracted buyers.
Volkswagen AG, Europe’s largest carmaker, stood by its accusation that Suzuki Motor Corp. breached a partnership agreement, rejecting the Japanese company’s calls to restore its “honor.”
Audi AG trimmed Bayerische Motoren Werke AG’s lead in 2012 luxury-car sales to just 2,110 vehicles in August, threatening BMW’s seven-year hold on the top position in premium auto deliveries.
"Generally, Mercedes should be able to reach a higher margin level than BMW."
- Daniel Schwarz on Jul 22, 2014