Tag: VW

@VW Group: Volkswagen Group with positive business performance in 2019

The Volkswagen Group has completed fiscal year 2019 successfully. Sales revenue in-creased by EUR 16.8 billion to EUR 252.6 billion and operating profit before special items rose to EUR 19.3 (17.1) billion. At 7.6 (7.3) percent, the operating return on sales before special items slightly exceeded the forecasted range for 2019. Operating profit also improved… Continue reading @VW Group: Volkswagen Group with positive business performance in 2019

@VW Group: 28Feb The Swiss Federal Council cancels the 90th Geneva Motor Show The company takes notice of the decision

The company takes notice of the decision With enormous respect we take notice of the Swiss Federal decision to cancel the 2020 Geneva Motorshow «Once again, thanks to all our colleagues, clients and partners for the stronger than usual support showed during these months» says Ceo Jörg Astalosch Go to Source

@VW Group: Volkswagen AG plans to take over all Audi shares and to place Audi at the head of Volkswagen Group development

Volkswagen AG is to strengthen Audi’s role within the Group. With Markus Duesmann as the new CEO, Audi will take the lead for research & development within the brand alliance. In the context of reorganizing competencies and responsibilities, Volkswagen AG plans to carry out a squeeze-out according to German stock corporation law in order to… Continue reading @VW Group: Volkswagen AG plans to take over all Audi shares and to place Audi at the head of Volkswagen Group development

@VW Group: Dynamic, agile and electric: Audi presents drive concept for e-tron S-models

Audi is systematically moving forward with its e-offensive: The Audi e-tron and the Audi e-tron Sportback are becoming more agile, sharper and more dynamic as S models. The three electric motors, two of which are located on the rear axle, together provide 370 kW of boost power and 973 Nm (717.6 lb-ft) of torque. This… Continue reading @VW Group: Dynamic, agile and electric: Audi presents drive concept for e-tron S-models

VW offers to buy out minority shareholders in Audi

FILE PHOTO: The logo of Volkswagen is pictured at the LA Auto Show in Los Angeles, California, U.S., November 20, 2019. REUTERS/Lucy Nicholson/File Photo FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) said on Friday it had offered to buy out minority shareholders in its premium brand Audi AG (NSUG.DE), via a so-called squeeze-out offer. Volkswagen AG already… Continue reading VW offers to buy out minority shareholders in Audi

Volkswagen Group’s operating profit soars 22% in 2019

The Volkswagen Group has released fiscal year 2019 numbers. Sales revenue increased by 16.8 billion euros to 252.6 billion euros and operating profit before special items rose to 19.3 (17.1) billion euros. At 7.6 (7.3) percent, the operating return on sales before special items slightly exceeded the forecasted range for 2019. Operating profit also improved to 17.0… Continue reading Volkswagen Group’s operating profit soars 22% in 2019

Volkswagen Reaches Deal With Consumer Group Over Diesel Scandal: Court

Volkswagen and a major German consumer group have reached an agreement in a class action lawsuit over the carmaker’s rigging of diesel emissions tests, a court in the northern city of Brunswick said on Friday.The parties will announce details at 1300 local time (1200 GMT).VW admitted using illegal software to cheat U.S. diesel engine tests in 2015, a scandal which has cost it more than $30 billion in vehicle refits, fines and provisions.

VW proposes 35% dividend increase as 2019 profit surges 22%

FILE PHOTO: The revised logo of German carmaker Volkswagen AG is pictured during a preview of the world’s biggest automaker at the international Frankfurt Motor Show IAA in Frankfurt, Germany September 9, 2019. REUTERS/Wolfgang Rattay FRANKFURT (Reuters) – Volkswagen Group (VOWG_p.DE) said its full-year operating profit rose 22% to 16.9 billion euros ($18.5 bln) thanks… Continue reading VW proposes 35% dividend increase as 2019 profit surges 22%

Axing of Geneva car show forces manufacturers to rethink car launches

FRANKFURT, Feb 28 (Reuters) – Carmakers were scrambling to reorganise press conferences and vehicle presentations after Swiss authorities forced the cancellation of the Geneva car show on Friday in an effort to contain the coronavirus.
More than 160 exhibitors were scheduled to show off their cars and services at the 90th Geneva Motor Show, which was due to start on Monday and last until March 15.
BMW and Mercedes-Benz said they would use live-streaming to present the BMW Concept i4 and a revamped Mercedes E-Class respectively.
Ferrari does not plan to arrange alternative events, and Fiat Chrysler said it had no plan B, but that it was considering ways to show off a new electric Fiat 500.
French brand DS, part of PSA Group said it was seeking a venue near Paris to showcase a new concept car and was rescheduling interviews with executives by telephone.
Audi, a premium brand belonging to Volkswagen, said it would seek to use digital channels to launch its Audi A3 sportback and Audi e-Tro..