by | Oct 27, 2010 | Towing
Volkswagen (VLKAY) CEO Martin Winterkorn said the company is on track to overtake Toyota Motor (TM) as the world’s largest automaker.
The German company beat Toyota’s full-year profit goal in the first nine months.
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“The Volkswagen group continues to have its sights firmly set on capturing pole position in the automotive industry,” Winterkorn said in an e-mailed statement, according…
Continue reading Volkswagen on Track to Overtake Toyota, CEO Says
Volkswagen on Track to Overtake Toyota, CEO Says originally appeared on DailyFinance on Wed, 27 Oct 2010 07:34:00.
Filed Under: Company News, Technology, Earnings, Toyota, Autos, Retail
by | Oct 19, 2010 | Towing
Legal wrangling may delay Volkswagen’s (VLKAY) merger with Porsche, Volkswagen CEO Martin Winterkorn said.
Volkswagen planned to complete a merger with Porsche in 2011. Porsche originally planned to buy Volkswagen by securing stock options, only to see its debt levels surge.
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Now, U.S. based-short-sellers of Volkswagen stock are suing Porsche. They say the sports-car maker secretly…
Continue reading Legal Problems May Delay Volkswagen’s Merger With Porsche
Legal Problems May Delay Volkswagen’s Merger With Porsche originally appeared on DailyFinance on Tue, 19 Oct 2010 06:33:00.
Filed Under: Company News, Autos, Small Business
by | Oct 13, 2010 | Towing
BMW is revamping its X3 model in a bid to catch up with Audi in the U.S. small SUV market.
The X3, a small compact SUV that includes optional in-car Internet access, goes on sale on Jan. 22, Bloomberg News said. The car will take on more than 3 inche…
by | Sep 21, 2010 | Towing
Recalling luxury cars to fix faulty hood ornaments might sound like a joke, but ultra high-end automaker Bentley Motors isn’t dismissing reports that its famous “flying B” metal emblem on some models may fail to collapse in a c…
