Volkswagen Group’s first-quarter operating profit rose 22 percent from a year earlier, as earnings from Porsche and Audi helped to offset falling profitability at the automaker’s core VW brand.
Tag Archives: VW
VW to launch 10 green cars in China by 2018
Volkswagen Group plans to introduce 10 electric and plug-in hybrid models in China by 2018 to strengthen its presence in the market.
VW profit gain forecast seen masking margin troubles
The record quarterly earnings which Volkswagen Group is set to report on Tuesday may mask more fundamental problems for the automaker.
VW to lay off 900 workers in Brazil
Volkswagen will lay off about 900 workers at two Brazilian plants in the face of sluggish demand for cars in Latin America’s largest economy.
VW faces rising opposition to Scania bid as Alecta rejects offer
Volkswagen Group faces increasing opposition to its €6.7 billion ($9.3 billion) bid for the rest of truckmaker Scania after the third-biggest shareholder rejected the offer.
