Martin Winterkorn News
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Audi AG, the world’s second-largest maker of luxury cars, said high-performance cars like the RS5, as well as the new version of the A3 compact, will help propel sales this year amid intensifying economic headwinds.
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Volkswagen AG, Europe’s largest carmaker, plans to produce cars for a planned budget brand in China with joint-venture partner FAW Car Co., two people familiar with the matter said.
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Among the dry, scrub-covered hills outside the Mexican town of San Jose Chiapa, a plot of land the size of 45 football fields will soon give Volkswagen AG a boost in its effort to become the world’s biggest automaker.
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Porsche SE, the family-controlled holding company that owns a majority stake in carmaker Volkswagen AG, said an additional 12 hedge funds dropped a U.S. court appeal in a market manipulation suit.
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Volkswagen AG expects profit to grow in China this year as Europe’s biggest automaker looks to remain resilient to a recession in its home region.
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Volkswagen AG, Europe’s biggest automaker, aims to offset plunging European demand this year by rolling out 60 new and updated models, including luxury cruisers like the Bentley Flying Spur.
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Volkswagen AG, Europe’s biggest automaker, reported first-quarter profit that met analysts’ estimates and retained its 2013 earnings target, providing a relief for investors after Daimler AG lowered its forecast.
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Even as car sales across Europe have plummeted in recent years, automakers could count on Germans to buy with little discounting. Now, at least one dealer is resorting to Groupon Inc. coupons to boost sales.
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General Motors Co. Chief Executive Officer Dan Akerson’s compensation mix was changed in 2012 to accommodate the possibility he may retire before his long-term restricted stock vests in three years, the company said.
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Volkswagen AG, Europe’s largest automaker, plans to expand its model line-up 29 percent by 2015 in China, a market the manufacturer sees as crucial in its drive to take the industry’s global top spot in five years.
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