
Volkswagen Group plans to cut costs at its namesake passenger cars brand by €5 billion ($6.8 billion) by 2017 and boost productivity as it seeks to lift sagging profitability.

Volkswagen Group plans to cut costs at its namesake passenger cars brand by €5 billion ($6.8 billion) by 2017 and boost productivity as it seeks to lift sagging profitability.
Volkswagen is endowing its the new version of its Scirocco sports coupé with a range of six new petrol (TSI) and diesel (TDI) engines delivering more power and better fuel economy.

By ERIK SCHELZIG and TOM KRISHER
Volkswagen plans to build a new seven-passenger SUV at its factory in Chattanooga, Tennessee, adding about 2,000 factory jobs as it tries to reverse U.S. sales that have fallen for the past two years.

Volkswagen which outsold General Motors in China last year, will invest €2 billion ($2.7 billion) to construct two new vehicle plants in the world’s biggest auto market.

By Christoph Rauwald
Volkswagen is considering tripling the namesake VW brand’s sport-utility vehicle lineup in a bid to overtake Toyota in global deliveries, two people familiar with the matter said.