Volkswagen AG may sell more than 10 million vehicles in 2014, four years earlier than planned, as Europe’s largest carmaker accelerates model introductions in a strategy to overtake Toyota Motor Corp. as the industry leader.
Chinese upstart Qoros Auto Co. is out to challenge Volkswagen AG, PSA Peugeot Citroen and other Europeans on their home turf, signaling a broader push by the country’s car manufacturers to target western customers.
Audi AG’s original TT won acclaim in 1998 for a sexy design that marked a departure from its styling at the time. Fifteen years later, Audi is counting on a remake of the iconic coupe to generate similar buzz.
Volkswagen AG Chairman Ferdinand Piech and Chief Executive Officer Martin Winterkorn will probably stay at least until 2018 to push forward a growth plan, the automaker’s top labor representative said.
Daimler AG nominated former Volkswagen AG Chief Executive Officer Bernd Pischetsrieder to the luxury-car producer’s supervisory board as VW hired a previous Daimler manager to run heavy-truck operations.
Volkswagen AG plans to extend Chief Executive Officer Martin Winterkorn ’s contract beyond next year as he aims to complete a merger with Porsche SE and surpass Toyota Motor Corp. as the world’s No. 1.