IBTimes Australia : Volkswagen Topic

European car sales end losing streak, respite may be brief

Fri, 17 May 2013 22:07:02 +1000

Europe's ailing car market ended a streak of 18 straight months of falling sales, though a number of one-off factors suggested that a sustained recovery will be harder to achieve.

European Car Sales Rise in April on Strong British Demand

Fri, 17 May 2013 21:44:52 +1000

Car sales in the UK improved 14.8% in April.

Skoda sales in April hit by switch to new model

Thu, 16 May 2013 21:21:03 +1000

Unit sales at Skoda Auto fell by 4.6 percent in April due to a switch to a new Octavia model and continued weak demand in some European markets, the car maker said on Thursday.

Driverless Cars Could be on UK Roads 'in 20 Years' [VIDEO]

Mon, 13 May 2013 00:41:43 +1000

Legislation has been relaxed to allow a computer-controlled car being developed at Oxford University to be test driven on UK roads.

German conservative plunge in poll amid tax, nepotism scandals

Sun, 05 May 2013 20:21:03 +1000

German Chancellor Angela Merkel's conservatives plunged to their lowest rating in seven months in a leading opinion poll on Sunday as a tax evasion scandal embroiled an ally and their Bavarian sister party faced questions about nepotism.

Audi needs clarity on laws before decision on Brazil plant: CEO

Sun, 05 May 2013 11:28:01 +1000

Volkswagen AG's Audi premium brand will not build a vehicle assembly plant in Brazil until the laws governing what exactly is required to ensure a car is considered locally built are clarified, the unit's chief executive said on Saturday.

Auto industry love for Mexico grows with new Audi plant

Sun, 05 May 2013 08:56:04 +1000

The automotive industry's growing love affair with Mexico was celebrated here on Saturday as Audi executives laid the foundation stone for its first assembly plant in the Americas.

Baby Born by C-Section as Manchester Mother Fights for Life in Car Crash

Sun, 05 May 2013 02:47:23 +1000

29-year-old mother in critical condition after "horrific" collison in Manchester.

BMW Profits Fall on European Car Market Slowdown

Thu, 02 May 2013 19:05:26 +1000

BMW maintains its 2013 profit forecast on the back of surging demand for luxury vehicles in the US and China.

French car sales decline slowed in April

Thu, 02 May 2013 17:28:02 +1000

France's car sales decline slowed to a 5.2 percent drop in April, according to data published on Thursday, raising hopes that auto demand may be about to stabilize.

Chrysler revenue slumps on new model launches

Tue, 30 Apr 2013 05:28:01 +1000

Carmaker Fiat's first-quarter profit slumped more than expected as its U.S. unit Chrysler's sales suffered from the phase-out of the Jeep Liberty pending a new model launch.

Chrysler sales slump ahead on new model launches

Tue, 30 Apr 2013 01:42:03 +1000

Carmaker Fiat's first quarter profit slumped more than expected as its U.S. unit Chrysler's sales suffered from the phase out of the Jeep Liberty pending a new model launch.

Volkswagen Launches Polo GT TSI for ₹7.99 Lakh

Mon, 29 Apr 2013 22:24:51 +1000

European car manufacturer Volkswagen launched the petrol variant of its best selling hatchback Polo in India for ₹7.99 lakh.

Sex Attack Footballer Marlon King Arrested After Man Hospitalised in Crash

Sun, 28 Apr 2013 02:11:36 +1000

Birmingham City forward Marlon King, who was jailed for sexual assault in 2009, has been released on bail after a three-way collision in Nottinghamshire.

Stock futures climb as earnings roll in; claims data on tap

Thu, 25 Apr 2013 22:21:03 +1000

Stock index futures advanced on Thursday, as investors dealt with a raft of earnings, including those of 3M Co, along with data on the labor market.

Going local: Japanese carmakers turn to Chinese parts for China market

Fri, 19 Apr 2013 07:35:02 +1000

When Nissan Motor Co Ltd <7201.T> was preparing to launch the Venucia marque with its China venture partner two years ago, it sourced more components locally to keep costs down - and was sent mislabelled parts and sun visors that melted in the heat.

Deutsche Bank caps co-CEOs 2013 pay at 9.85 million euros

Thu, 18 Apr 2013 02:49:01 +1000

Deutsche Bank AG's co-chief executives will have their total pay for 2013 capped at 9.85 million euros ($13 million) each, according to the agenda for the company's annual shareholders' meeting.

European market plunge tests carmakers' endurance

Wed, 17 Apr 2013 21:28:02 +1000

PSA Peugeot Citroen and Toyota <7203.T> led European car sales 10.3 percent lower in March, as an unrelenting market contraction spreads to the region's more prosperous north, unnerving automakers.

Europe Car Sales Plunge 10% in March

Wed, 17 Apr 2013 18:42:17 +1000

Carmakers such as PSA Peugeot Citroen, Ford Motor and Volkswagen experience a slowdown in demand.

Boom Market Crashes; Tough Road ahead for Carmakers

Wed, 10 Apr 2013 14:03:43 +1000

India's annual car sales fell for the first time in a decade in the just-ended financial year, official data will show on Wednesday, calling into question bullish growth expectations that fuelled billion-dollar bets from global manufacturers.

Volkswagen Chairman’s Wife Set to Join Audi Board: Report

Wed, 10 Apr 2013 09:59:11 +1000

The wife of Volkswagen AG chairman Ferdinand Piech is set to join the supervisory board of the Volkswagen Group-owned Audi, almost a year after being elected to the board of Volkswagen AG.

Small Cars: March 2013 Sales Overview

Fri, 05 Apr 2013 10:46:49 +1100

The Mazda 3 has taken top honours in the March new car sales figures, marking the end of the first quarter of 2013.

Sorry Apple gets respect in China after tabloid trial

Tue, 02 Apr 2013 20:14:02 +1100

With its rare apology, Apple Inc went from pariah to praiseworthy in the eyes of China's state-controlled media, a lesson for other foreign firms not to underestimate the speed and power of the government press.

Analysis: Easier said than done for Portugal to revive industry

Tue, 02 Apr 2013 01:21:03 +1100

For Portugal to succeed in ambitions to reindustrialize its shrinking, debt-laden economy, it will not be down to the revival of mass manufacturing but to the sprouting of high-tech start-ups such as UAVision.

VW says U.S. workers to decide if they wish to unionize

Thu, 28 Mar 2013 11:21:02 +1100

Workers at Volkswagen AG's plant in Chattanooga, Tennessee, will decide whether they want union representation, and the United Auto Workers is just one option for them, VW's top executive in North America said on Wednesday.

GM lays foundation for 10 percent margins by mid-decade - executive

Thu, 28 Mar 2013 05:21:03 +1100

General Motors Co is laying the groundwork to achieve 10 percent profit margins by mid-decade by launching new models and taking better advantage of its global scale, North American Chief Financial Officer Chuck Stevens said.

Popularity helps buffer Apple from Chinese state-media attacks

Wed, 27 Mar 2013 20:49:02 +1100

Chinese Internet users are crying foul over the perceived unfair treatment doled out to Apple Inc by state-run media which has actively criticized the smartphone maker for the past two weeks over its warranty policy.

Analysis - Gloom enveloping Portugal as austerity drags on

Wed, 27 Mar 2013 04:42:02 +1100

Austerity is grinding Portugal down. The economy is adjusting to past excesses and flourishing firms are not hard to find. But the overall picture, mirrored across southern Europe, is of a people losing confidence in the future.

Testing time for German economy as business morale dips

Fri, 22 Mar 2013 23:35:03 +1100

German business morale fell in March, breaking a four-month run of gains and highlighting concerns the reignited debt crisis in the euro zone will test the resilience of Europe's largest economy.

Maruti Swift Gets Price Cut, First Discount Since Launch

Thu, 21 Mar 2013 23:51:07 +1100

India's leading auto manufacturer Maruti Suzuki's best-selling model Swift is offered on discount price for the first time ever since the car launched in the market in 2005.