October 28, 2020

    Daily Auto News, Luxury Cars, Photos, Prices, Spy Shots, Videos, Incidents and more
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    Volkswagen brand to post profit on SUVs, cost cuts

    Volkswagen’s namesake core brand is on its way to post a record operating profit this year due to cost savings and its boosted sales of sports utility vehicles (SUV’s), a senior manager of the unit stated. The Wolfsburg-based group deals with heavy investments into cleaner and self-driving technologies and is has boosted sales share of […]

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    Volkswagen cuts profit, sales forecasts as autos slump bites

    Volkswagen slashed its forecasts for operating profit and sales expansion on Monday because of a slump in demand for passenger cars, while keeping profit margin targets. “It is fair to say that the very best of the party is over,” Chief Financial Officer Frank Witter informed analysts in a call to talk about the company’s […]

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    Volkswagen expects core brand’s worldwide 2019 sales to be same as last year

    Volkswagen expects worldwide sales of its core brand this year to be matched with the 6.24 million mark that it gained in 2018 even though China sales dropped in the first quarter, the company stated on Monday. “We expect sales in the Chinese market to be on the same level as last year. Worldwide we […]

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    Skoda deliveries decreased in China after sales reduction

    Czech automaker Skoda Auto, part of the Volkswagen Group, delivered 1.149 million vehicles in the January-November duration, a 5.1 percent increase from a year ago, it said on Thursday. Deliveries in November alone dropped 3.9 percent, mostly because of declines in China, the automaker’s largest market.

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    Volkswagen’s Skoda Auto May deliveries increased 13 percent

    Global deliveries by Volkswagen‘s Czech automaker Skoda Auto increased 13.4 percent year-on-year in May, posting the best-ever result for the month due to double-digit expansion in China and Russia. Skoda stated it delivered 112,400 vehicles in May. Deliveries in western Europe, its largest regional market in the month, increased 3.3 percent and by 1.8 percent […]

    Skoda , Volkswagen
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    Volkswagen reduce 2018 car sales outlook in Argentina

    Volkswagen expects its car sales in Argentina to increase 5 percent in this year, down from an earlier estimate of 20 percent, regional Chief Executive Pablo Di Si stated on Friday, mentioning the country’s high interest rates. A sharply weakening peso in late April spurred the country’s central bank to make a range of emergency […]

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    Volkswagen second-quarter profit to at least match 2017’s result

    Volkswagen group’s second-quarter operating profit should compare with 2017’s level of 4.55 billion euros ($5.54 billion) at least, finance chief Frank Witter stated. Underlying profit in the April-to-June period should “at the very minimum” match 2017 amount, Witter stated on Thursday during an earnings call, after the automaker published a 3.6 percent fall in first-quarter […]

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    Volkswagen Builds 150 Millionth Vehicle in Germany

    As Volkswagen attempts to move forward from its diesel concerns by concentrating on electric automobiles. The automaker’s 150 millionth car, a blue Golf GTE, rolled off the line in Wolfsburg, Germany. It took Volkswagen 80 years to accomplish the milestone. Since the company was founded in 1937, it has constructed cars in more than 50 […]

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    Volkswagen brand CEO Diess says Tesla has abilities Volkswagen doesn’t

    Volkswagen is planning to loss-making startup Tesla for motivation on the best ways to enhance its core business, the Volkswagen’s chief executive Herbert Diess stated in an interview. Asked who the automaker’s main competitors are, Diess told an internal business publication: “In the old world it is Toyota, Hyundai, and the French automakers. In the […]

    Tesla , Volkswagen
    Derrick Hatami

    Volkswagen names Derrick Hatami as U.S. sales chief

    Volkswagen‘s U.S. unit stated it is naming a former Hyundai Motor executive, Derrick Hatami, to lead its sales and marketing operation. Derrick Hatami is joining Volkswagen US as executive vice president for sales and marketing. Hatami had been sales chief for Hyundai’s U.S. unit till recently and had formerly operated at Nissan Motor. Volkswagen is […]

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    Diesels Represented 12 Percent of Volkswagen U.S. Sales in April 2017

    Customers in the U.S. are still demanding Volkswagen diesels regardless of all the controversy surrounding misleading emissions practices. Diesels represented almost 12 percent of Volkswagen’s U.S. sales for the month of April, a significant portion considering the automaker just started providing these automobiles again for the very first time since September 2015. Volkswagen went back […]

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    Volkswagen expects China sales to increase at least 4-5 percent this year

    Volkswagen‘s China sales are set to rise a minimum of 4-5 percent this year, the automaker’s China chief stated on Tuesday. VW China CEO Jochem Heizmann also stated the company was seeking to quickly resolve concerns amongst some Chinese dealerships of its Audi AG vehicles over a tie-up with SAIC Motor. The China Association of […]

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    Volkswagen prepares to meet difficult China green car quotas

    Volkswagen stated it aims to fulfill upcoming difficult quotas in China for selling more green vehicles on its own and would not turn to acquiring credits from rivals. China has strongly promoted plug-in hybrid and battery electric vehicles, called ‘new energy vehicles’, to combat urban smog however is gradually phasing out aids in favor of […]

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    Audi, Porsche sales assist Volkswagen to record underlying profit

    Record Audi and Porsche sales assisted Volkswagen swing to a record underlying profit in last year, although a larger than expected charge from the diesel emissions scandal indicated it missed for its operating profit. Sales of the German automaker’s high-end brand names lifted underlying operating profit prior to special items 14 percent to 14.6 billion […]

    Audi , Porsche , Volkswagen
    Vladimir Putin and Matthias Mueller

    Vladimir Putin meets Volkswagen CEO Matthias Mueller

    President of Russia, Vladimir Putin met Volkswagen Chief Executive Matthias Mueller in Moscow on Wednesday and stated he was ready to help the German automaker establish its business in Russia at a time of moving sales and weak demand. Putin stated he comprehended the difficulties the automaker dealt with Russia where the nation’s once-rising auto […]

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