Volkswagen AG may this year complete the purchase of the 50.1 percent of Porsche SE’s automotive business that it does not already own for 3.9 billion euros, Bloomberg reported. VW will get around having to pay more than 1 billion euros in taxes if completing the purchase before 2014 by setting up a holding company to temporarily take control of the stake, the report added.
Posts Tagged ‘Volkswagen’
GM Regains Title Of World’s Top-selling Automaker
January 20th, 2012
Abhijeet.S General Motors Company has retaken the title of world’s top-selling automaker, selling just over 9 million cars and trucks across the globe. The company said on Thursday that it sold 9.03 million vehicles worldwide last year, up 7.6 percent from 2010. That’s more than 1 million better than Japan’s Toyota Motor Corp., which took the title away from GM in 2008.
Suzuki And Volkswagen Headed For Arbitration
November 21st, 2011
kalpesh Suzuki Motor Corp and estranged partner Volkswagen seemed headed for arbitration, after VW refused again to sell its 20 percent stake back to the Japanese carmaker and put a floundering two-year alliance out of its misery.
Suzuki Serves Volkswagen With Legal Notice
October 17th, 2011
Abhijeet.S Japan’s Suzuki Motor Corp. has served Volkswagen with a notice of breach of contract, demanding the German company give it access to key technologies within weeks. Unless it does so, Suzuki’s biggest shareholder must sell back its stake and quit the alliance, the company said.
Volkswagen Up! Concepts Unveiled At Frankfurt Motor show
September 16th, 2011
Abhijeet.S
Volkswagen has revealed not one, not two, but five concept models of its compact car- Up! at the 2011 Frankfurt Motor Show in Germany. The five versions includes a Gran Turismo, crossover and all-electric concepts.
Beetle R Concept Introduced In Frankfurt
September 15th, 2011
Abhijeet.S German auto giant Volkswagen has unveiled a sporty Volkswagen Beetle R concept at the 2011 Frankfurt Motor Show. The car, described by VW as the ‘sportiest Beetle ever’, features customised front and rear sections and rides on 20-inch alloys.
India Bound Volkswagen Up Unveiled Before Frankfurt Debut
August 22nd, 2011
Abhijeet.S Europe’s largest car maker, Volkswagen, has finally revealed its new entry-level model- the Up hatchback ahead of its official launch at 2011 Frankfurt Motor Show next month. The car will go on sale across Europe in three-door form in December 2011. Volkswagen will also launch Up four-door version for the Indian market by 2013 which will be positioned below the Polo.
Suzuki-Volkswagen Alliance In Trouble
July 18th, 2011
Abhijeet.S A verbal battle has broken out between top officials of Suzuki Motor Corp and Volkswagen AG recently, hinting the alliance between the global carmakers is in trouble. An executive at the Japanese automaker reportedly said on Monday the two needed to go back to the drawing board on their multi-billion-dollar partnership.
Audi Wants To Double Its Sales By 2020
June 24th, 2011
kalpesh Higher targets seems to be mantra for German luxury car maker, Audi. According to a report by Reuters, Volkswagen’s premium car brand Audi aims to nearly double its car sales worldwide by end of this decade. Audi is changing its previous plans and becoming even more ambitious, aiming for 2 million unit sales per year by 2020.


Posted in
Tags:







