Volkswagen http://www.globalpost.com/taxonomy/term/31961/all en INSIGHT-Has Volkswagen discovered the Holy Grail of carmakers? http://www.globalpost.com/dispatch/news/thomson-reuters/130211/insight-has-volkswagen-discovered-the-holy-grail-carmakers <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Laurence Frost and Andreas Cremer and Paul Lienert</p> <p>BERLIN/DETROIT, Feb 11 (Reuters) - Ulrich Hackenberg isn't yet a household name but if Volkswagen's $70 billion bet on his big idea pays off, he may join the likes of Henry Ford, Alfred Sloan and Taiichi Ohno in the canon of auto industry pioneers.</p> <p>Since the heyday of Henry Ford and his Model T, the world's automakers have considered the "global car" to be their Holy Grail - the same basic design that can be built, in subtle variations, and sold in different markets.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130211/insight-has-volkswagen-discovered-the-holy-grail-carmakers" target="_blank">read more</a></p> Human Interest Private transport Technology Transport Volkswagen Volkswagen Group VW Group Thomson Reuters Mon, 11 Feb 2013 07:00:40 +0000 Thomson Reuters 5752349 at http://www.globalpost.com RPT-INSIGHT-Has Volkswagen discovered the Holy Grail of carmakers? http://www.globalpost.com/dispatch/news/thomson-reuters/130211/rpt-insight-has-volkswagen-discovered-the-holy-grail-carmakers <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Laurence Frost and Andreas Cremer and Paul Lienert</p> <p>BERLIN/DETROIT, Feb 11 (Reuters) - Ulrich Hackenberg isn't yet a household name but if Volkswagen's $70 billion bet on his big idea pays off, he may join the likes of Henry Ford, Alfred Sloan and Taiichi Ohno in the canon of auto industry pioneers.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130211/rpt-insight-has-volkswagen-discovered-the-holy-grail-carmakers" target="_blank">read more</a></p> Human Interest Private transport Technology Transport Volkswagen Volkswagen Group VW Group Thomson Reuters Mon, 11 Feb 2013 12:15:59 +0000 Thomson Reuters 5752564 at http://www.globalpost.com Volkswagen says net profit up 40% in 2012 http://www.globalpost.com/dispatch/news/afp/130222/volkswagen-says-net-profit-40-2012-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Volkswagen, Europe's biggest carmaker, said Friday that its net profit zoomed ahead by more the 40 percent last year on higher vehicle sales, but its chief executive nevertheless saw his salary cut.</p> <p>VW said in a statement its net profit soared by 40.9 percent to a record 21.7 billion euros ($28.6 billion) in 2012 as revenues rose by 20.9 percent to 192.7 billion euros and deliveries to customers were up 12.2 percent at 9.276 million vehicles.</p> <p>Underlying or operating profit rose by 2.1 percent to 11.51 billion euros.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130222/volkswagen-says-net-profit-40-2012-0" target="_blank">read more</a></p> Economy of Germany Transport Volkswagen Volkswagen VW AFP Fri, 22 Feb 2013 15:16:10 +0000 Agence France-Presse 5763405 at http://www.globalpost.com Volkswagen eyes "strong" second quarter after weaker Q1 - CFO http://www.globalpost.com/dispatch/news/thomson-reuters/130314/volkswagen-eyes-strong-second-quarter-after-weaker-q1-cfo <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>BERLIN (Reuters) - Volkswagen &lt;VOWG_p.DE&gt; expects a "strong" second quarter and is bracing for the first three-month period to be weaker compared with 2012 results, Finance Chief Hans-Dieter Poetsch said at the company's annual press conference on Tuesday.</p> <p>New models and growing savings from implementation of a major engineering overhaul called MQB will help VW's second-quarter performance, the CFO said.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130314/volkswagen-eyes-strong-second-quarter-after-weaker-q1-cfo" target="_blank">read more</a></p> Economy of Germany Transport Volkswagen Volkswagen VW Thomson Reuters Thu, 14 Mar 2013 12:30:24 +0000 Thomson Reuters 5783271 at http://www.globalpost.com Volkswagen ramps up China production to offset weak Europe http://www.globalpost.com/dispatch/news/thomson-reuters/130314/volkswagen-ramps-china-production-offset-weak-europe <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Andreas Cremer</p> <p>WOLFSBURG, Germany (Reuters) - Volkswagen &lt;VOWG_p.DE&gt;, Europe's biggest carmaker, plans to almost double production capacity in China over the next five years to grab a bigger slice of fast-growing emerging markets and offset declining demand at home.</p> <p>The German company said on Thursday it aimed to have the capacity to make over 4 million vehicles in China, already its largest market, by 2018.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130314/volkswagen-ramps-china-production-offset-weak-europe" target="_blank">read more</a></p> States of Germany Transport Volkswagen Volkswagen Group Thomson Reuters Thu, 14 Mar 2013 16:30:12 +0000 Thomson Reuters 5783522 at http://www.globalpost.com China agency urges Volkswagen to recall vehicles http://www.globalpost.com/dispatch/news/afp/130316/china-agency-urges-volkswagen-recall-vehicles <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>China's consumer quality agency on Saturday urged German auto giant Volkswagen (VW) to recall vehicles with a gearbox defect that it said could lead to engine power failures.</p> <p>It was not immediately clear how many vehicles or what models would be affected by the problems, which are related to the direct shift gearbox transmission, the General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) said in a statement on its website.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130316/china-agency-urges-volkswagen-recall-vehicles" target="_blank">read more</a></p> Private transport Technology Transport Volkswagen Volkswagen Group AFP Sat, 16 Mar 2013 12:45:45 +0000 Agence France-Presse 5785305 at http://www.globalpost.com Volkswagen to recall almost 385,000 China vehicles http://www.globalpost.com/dispatch/news/afp/130320/volkswagen-recall-almost-385000-china-vehicles <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>German auto giant Volkswagen will recall 384,181 vehicles in China over gearbox defects, it said Wednesday after state television criticised it over the issue.</p> <p>In a company statement Volkswagen said an electronic malfunction could cause cars to lose power while being driven.</p> <p>"In isolated cases, an electronic malfunction in the control unit or a lack of oil pressure inside the gearbox mechatronics may result in a power interruption," the statement said.</p> <p>Steering and braking would not be impacted, it added.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130320/volkswagen-recall-almost-385000-china-vehicles" target="_blank">read more</a></p> China Private transport Transport Volkswagen Volkswagen Group AFP Wed, 20 Mar 2013 05:45:33 +0000 Agence France-Presse 5788421 at http://www.globalpost.com Volkswagen recalls more than 384,000 cars in China http://www.globalpost.com/dispatch/news/afp/130320/volkswagen-recalls-more-384000-cars-china <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Volkswagen said Wednesday it would recall 384,181 vehicles in China over gearbox defects, marking the German auto giant's biggest ever recall in the world's largest auto market.</p> <p>The recall came after Chinese state television alleged in an annual corporate malpractice programme that Volkswagen had used substandard gearboxes in some models, causing acceleration problems and accidents.</p> <p>In a company statement, Volkswagen said an electronic malfunction could cause its cars to lose power while being driven.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130320/volkswagen-recalls-more-384000-cars-china" target="_blank">read more</a></p> Business Private transport Transport Volkswagen Volkswagen Group AFP Wed, 20 Mar 2013 08:01:00 +0000 Agence France-Presse 5788480 at http://www.globalpost.com Hitler's shadow looms over anniversary of VW hometown http://www.globalpost.com/dispatch/news/afp/130524/hitlers-shadow-looms-over-anniversary-vw-hometown <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Europe's number one carmaker Volkswagen is not keen on celebrating the 75th birthday of its German home town of Wolfsburg on Sunday because of the long shadow cast by Adolf Hitler there.</p> <p>"It was all just a bit of Nazi propaganda," a spokesman for the carmaker said, referring to the festivities 75 years ago when the Nazi leader laid the foundation stone for a factory that would build the "Kraft-durch-Freude" (KdF) (Strength through Joy) automobile that went on to conquer the world as "the People's Car".</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130524/hitlers-shadow-looms-over-anniversary-vw-hometown" target="_blank">read more</a></p> Automotive industry Business Economy of Germany Labor Social Issues Transport Volkswagen VW AFP Fri, 24 May 2013 11:17:27 +0000 Agence France-Presse 5845393 at http://www.globalpost.com Volkswagen, Audi recall 32,000 cars in Australia http://www.globalpost.com/dispatch/news/afp/130612/volkswagen-audi-recall-32000-cars-australia <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>German auto giant Volkswagen (VW) on Wednesday recalled nearly 26,000 vehicles in Australia and Audi followed suit with 6,000 cars due to a gearbox problem that could cause a loss of power while driving.</p> <p>The recalls follow growing safety worries sparked by the death in Australia of a woman while in a 2008 Golf.</p> <p>The 32-year-old's car slowed and was hit from behind by a truck on a Melbourne motorway in 2011, a coroner's inquest heard last month.</p> <p>The news sparked complaints from other VW owners whose cars had also cut out or stopped on busy roads.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130612/volkswagen-audi-recall-32000-cars-australia" target="_blank">read more</a></p> Private transport Station wagons Transport Volkswagen AFP Wed, 12 Jun 2013 08:32:09 +0000 Agence France-Presse 5856044 at http://www.globalpost.com Security flaws in millions of Volkswagen cars stopped from being revealed after UK injunction http://www.globalpost.com/dispatch/news/the-canadian-press/130730/cybersecurity-flaws-volkswagen-cars-go-unreported-after-uk-j <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>LONDON - A British university is delaying the release of an academic paper on how the anti-theft systems of millions of Volkswagen vehicles are at risk of being hacked after the German carmaker took legal action against it.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#cp">Copyright 2013 Canadian Press.</a></p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/130730/cybersecurity-flaws-volkswagen-cars-go-unreported-after-uk-j" target="_blank">read more</a></p> Private transport Social Issues Transport Volkswagen Volkswagen Group The Canadian Press Tue, 30 Jul 2013 15:33:23 +0000 The Canadian Press 5897849 at http://www.globalpost.com Volkswagen first-half net profit plunges, maintains outlook http://www.globalpost.com/dispatch/news/afp/130730/volkswagen-first-half-net-profit-plunges-maintains-outlook <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Volkswagen, Europe's biggest car maker, said Tuesday it's first-half net profit plunged nearly 46 percent due partly to a difficult European market but confirmed its full-year forecasts.</p> <p>The group, which manufactures the Seat, Audi and Bentley models, said net profit came to 4.8 billion euros ($6.3 billion) for the first six months of the year, a 45.8 percent drop from the same period a year earlier.</p> <p>The fall follows one-offs linked to its tie-up with luxury sportscar maker Porsche that helped boost last year's first-half result, as well as financial provisions.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130730/volkswagen-first-half-net-profit-plunges-maintains-outlook" target="_blank">read more</a></p> States of Germany Transport Volkswagen Volkswagen Group AFP Tue, 30 Jul 2013 19:02:00 +0000 Agence France-Presse 5898055 at http://www.globalpost.com VW, UAW look to avoid Pennsylvania missteps in Tennessee plant http://www.globalpost.com/dispatch/news/thomson-reuters/131021/vw-uaw-look-avoid-pennsylvania-missteps-tennessee-plant <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Ben Klayman</p> <p>DETROIT (Reuters) - Both Volkswagen AG management and the United Auto Workers union want to see history play out differently in Tennessee from the last time the German automaker had a U.S. assembly plant.</p> <p>While the landscape is very different from 25 years ago, the legacy of the older plant's failure is part of the troubled history the UAW will have to overcome as it tries to represent VW workers again -- this time in Tennessee, where the automaker employs 2,500 people building Passat sedans.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/131021/vw-uaw-look-avoid-pennsylvania-missteps-tennessee-plant" target="_blank">read more</a></p> AFL–CIO Business Congress of Industrial Organizations Labor Law Social Issues UAW United Auto Workers Volkswagen VW Thomson Reuters Mon, 21 Oct 2013 21:19:52 +0000 Thomson Reuters 5966958 at http://www.globalpost.com Volkswagen to recall over 640,000 vehicles in China http://www.globalpost.com/dispatch/news/afp/131114/volkswagen-recall-over-640000-vehicles-china <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>German car giant Volkswagen is to recall more than 640,000 vehicles in China for a possible gearbox fault, it said Thursday in its second recall in the world's largest auto market in two days.</p> <p>The company will recall 621,563 locally-made models -- among them the Golf and Lavida -- as well as 18,746 imported cars including Audis and Beetles, China's quality watchdog said in a separate statement.</p> <p>The synthetic oil used in the gearbox may cause electrical malfunctions under conditions of high heat and humidity, Volkswagen said.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/131114/volkswagen-recall-over-640000-vehicles-china" target="_blank">read more</a></p> Business Private transport Transport Volkswagen Volkswagen Group AFP Thu, 14 Nov 2013 12:17:11 +0000 Agence France-Presse 5989075 at http://www.globalpost.com VW poised for SUV go-ahead as U.S. slide threatens goals http://www.globalpost.com/dispatch/news/thomson-reuters/140110/vw-poised-suv-go-ahead-us-slide-threatens-goals <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Andreas Cremer and Bernie Woodall</p> <p>BERLIN/DETROIT (Reuters) - Volkswagen is preparing to build sport utility vehicles in North America as it struggles to conquer a market whose resistance is threatening its bid to be world No. 1.</p> <p>The German carmaker prefers its Tennessee factory over a Mexican plant to produce the new SUV and may announce the plan as soon as next week's Detroit auto show, said a source familiar with the matter who asked not to be identified.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/140110/vw-poised-suv-go-ahead-us-slide-threatens-goals" target="_blank">read more</a></p> Business Private transport Transport Volkswagen Volkswagen Group Thomson Reuters Fri, 10 Jan 2014 13:34:50 +0000 Thomson Reuters 6039824 at http://www.globalpost.com