Just two days after apologizing for cheating on US emissions procedures, Volkswagen CEO Dr. Martin Winterkorn has been reportedly removed from his position as the man in charge of the world’s largest automaker.
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After days of silence following a shocking revelation that Volkswagen cheated US emissions rules, the CEO of Volkswagen AG has released a statement offering an apology and a commitment.
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Volkswagen‘s plan to triple its U.S. sales by 2018 and return to profitability after 8 consecutive years of losses may need to be revised suggests a new report by Automotive News. VW’s already lofty goals may now have become further out of reach with the recent news that the head of U.S. operations, Stefan Jacoby,...
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With Audi‘s recent unveiling of the A8 Hybrid at the Geneva Auto Show and news the Q5 Hybrid is on its way, Audi has made known plans to add more hybrid models, starting with the A6. According to a report by AutoWeek, the next-generation A6 will be offered in full hybrid form late in 2012...
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Porsche has officially confirmed that it is looking at bringing a baby Boxster model to market. Rumored to have been in the works for some time, VW Chairman Dr. Martin Winterkorn told the U.K.’s Autocar that such a sports car is under considreration. When pressed on the issue, Winterkorn responded; “Let’s just say we do...
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A rumored deal between Volkswagen and Suzuki has been revived after the VW CEO Dr. Martin Winterkorn told a German magazine that Suzuki would make an “interesting partner.” “Suzuki would be an interesting partner because of its competency in small cars,” Winterkorn said in an interview with German publication Manager Magazin. It is believed that...
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Porsche’s new CEO, Dr. Martin Winterkorn, has declared that he expects Porsche to double its annual sales in the next four years. Winterkorn, who also chairs Germany’s largest automaker Volkswagen, has bold ambitions to expand Porsche’s market share by increasing sales units to 150,000 annually. While the Cayenne SUV helped Porsche to almost double in...
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Volkswagen continues to call it an “integration”, but the company’s business relationship with Porsche is undeniably a takeover. Today VW agreed to buy a 42 percent stake in the sports car maker, paying $4.7 billion for the huge chunk of Porsche. Not satisfied it’s a takeover? Well, how about the fact that Volkswagen’s Chairman Dr....
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Volkswagen and Chinese automaker BYD (Build Your Dreams) have signed a “memorandum of understanding” announcing that the two car manufacturers will seek ways to work together to bring electric vehicles and hybrids to market. Volkswagen recently announced its TwinDrive diesel-electric hybrid system and we recently reported on a rumor that the German automaker will bring...
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