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Volkswagen increases their share in MAN Trucks from 53 percent to 71 percent
Auto maker Volkswagen wants to strengthen its hold on the auto market and further increase its presence globally. The auto makers exceptional planning, strategizing, marketing, and advertising have set them apart from its competition. VW has recently raised its stake in MAN, the renowned truck maker.
Earlier VW held 53.71 % of share capital of MAN SE and now has lifted its stake now owning 71.08% of...
Volkswagen India March 2012 sales best ever in Indian car market for the German automobile brand
Panic buying at pre budget prices by prospective buyers during the month of March has seen most auto companies post increased sales. Fears of rising prices post Union Budget declarations had initiated buyers to make their auto purchases well before Finance Minister put a spoke in the wheels and made auto companies increase prices of their vehicles due to increased duties being imposed in the 2012 Union...
Volkswagen to add 800 new workers for Passat line at US Chattanooga Plant
The Volkswagen Passat is selling like hot cakes and hence Volkswagen AG has decided to add 800 more jobs to their US Plant in Chattanooga, Tennessee. This plant which was opened in May 2011 will be producing 170,000 Passats by next year. VW workers already number 2,200 besides another 500 who work for Aerotek but will be hiring 800 more to keep up with production demands.
In the first two months...
Volkswagen loses appeal to prevent use of Swift GTi to safeguard Golf GTI term: Confusion of trademarks and rights to GTI
Though Volkswagen went the legal way to prevent Suzuki from incorporating its GTI tag attached to the Swift GTi vehicle, its efforts have failed as they have lost the name war battle in court. Volkswagen chose to appeal when European Union OHIM trademark Office when the latter refused to recognize any possibility of confusion. VW has rights to the GTI term in Belgium, the Netherlands, Luxembourg, Italy,...
Volkswagen low cost small car for Indian auto market: VW Up! Eyed by all but VW Lupo platform could be the key
Volkswagen would be looking forward to a low cost small car for India in the sub 4.5 lakh category. Currently, the VW Polo is their entry level vehicle in India but with a new platform, the company could lower their purchase price here. Judging by the success, desire and demand for small, compact and cheaper cars in India, Volkswagen would be able to reach out to more buyers.
Low cost hatchbacks...
Volkswagen, Audi, and Skoda performance during 2011
A number of reasons can be attributed to the fact that Volkswagen Group outperformed in the auto sector during the past financial year even while other auto companies underwent trials and tribulations. Higher rates of interest on auto loans coupled with increased petrol prices saw the auto sector face a number of difficulties during 2011. However for Volkswagen Group sales increased by 14.7% and...
German engines and car owners a perfect match: Indian auto market loves these vehicles
German cars have made their mark in the auto world. Meticulous engineering, higher level of dependability, superior performance and top order driving dynamics is what has made these vehicles more attractive to buyers across the globe.
Mercedes Benz, BMW, Audi and Volkswagen have gained and retained their place in the worldwide markets and have been increasing in popularity even in Indian auto sectors. ...
Volkswagen to pursue advanced technology in 2012 and Porsche SE automotive operations in focus
In pursuit of more advanced technology during the current year, Volkswagen is planning a series of part sharing devices across the VW range of small and medium size vehicles such as the Golf and Passat. This can help the company generate greater savings on a long-term basis.
With this new technology, Volkswagen will be enhancing the use of standardized parts such as axels and chassis and will be...
Volkswagen Group technology overhaul during 2012 to reduce production cost and assembly time
Though profits play a major role and is the ultimate goal for any auto company, the need to make certain advancements in technology is also of prime importance. This is exactly what Volkswagen Group will be concentrating on during 2012.
Volkswagen will be investing in making these advancements in technology and have announced that they will be moving towards parts sharing expansion across the Volkswagen...
VW wants to buy Ducati for its luxury brand Audi
Back in February this year, Investindustrial Holdings revealed, they were looking for a partner who could take their legendary motorcycle brand, Ducati to the next level. Mr Andrea Bonomi, Chairman, Investindustrial Holdings, said, "Ducati is now a perfect company but the further growth it requires needs the support of a world-class industrial partner. This year, we will work towards that partner."
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