The bonuses are down $2,200 from last year.
VW reached a deal with Federal authorities this week. The diesel emissions scandal is one step closer to a resolution.
Each year, the Vienna International Motor Symposium showcases some of the up-and-coming technologies automakers are engineering for the use in passenger cars, and Volkswagen AG CEO Martin Winterkorn revealed some big developments VW is working on for its future products. Winterkorn discussed a multi-faceted approach that VW is looking to reduce its fleet fuel consumption and exhaust emissions.
Volkswagen is recalling a few 2012 Beetles for wearing the wrong tires. The National Highway Traffic Safety Administration says the summer tires "fail to comply with federal motor vehicle safety standards." The out-of-season shoes "may lead to the tires being over-loaded and/or under-inflated, increasing the risk of a vehicle crash," the NHTSA recall states.
There's plenty of room to get lost in the Volkswagen Group. In addition to the VW brand, the group controls Skoda, Seat, Audi, Porsche, Lamborghini, Bentley and Bugatti. But we can't forget its truck divisions. In addition to being Europe's largest automaker, VW is also one of its largest producer of trucks as well, producing VW commercial vehicles while holding nearly three-quarters of the shares in Swedish truckmaker Scania and a significant stake in MAN as well.
Porsche's integration into the Volkswagen Group has already and will undoubtedly continue to see increased cooperation between the allied German automakers in a number of arenas, from platforms and engines to production methods and technology. And let's not forget personnel, as evidenced by the latest shift in top management announced by Porsche and Volkswagen.
Williams is intent on bringing another major automaker into Formula 1, but which will get the call? Volkswagen has toyed with the idea of entering F1 for some time. The German auto giant is one of the largest carmakers never to participate in the sport, notwithstanding Porsche and Lamborghini, which have in the past and which have since fallen under the VW umbrella. The latest reports suggest that if costs continue to drop and stability is restored, Volkswagen could field an entry – in som
As you can see from the image above depicting Osamu Suzuki, chairman and CEO of Suzuki Motor Corp. and Martin Winterkorn, his counterpart at Volkswagen AG, the two auto companies have agreed to link arms. Volkswagen has properly announced that it has "reached a common understanding to establish a close longterm strategic partnership" with Suzuki Motor Corporation. The union means VW will buy 19.9% of Suzuki, then Suzuki will spend half the money they just received from Volkswagen reciprocating b
The rumors keep coming. Just last month, we reported that Volkswagen AG was interested in a small slice of Suzuki Motors. Now, the German industry publication Automobilwoche is reiterating the same news. Apparently, a Suzuki executive at the Frankfurt Motor Show mentioned that an agreement between the two automakers would be in place by the end of the year. "For Suzuki and VW this connection would be a win-win situation. Suzuki would have access to a variety of VW's technology, while Volkswagen
Porsche AG is on its way to becoming a blocking minority stakeholder in Volkswagen AG, attempting to raise its stake in the struggling automaker by 3.9 percent of total shares to a total stake of 25.1 percent. The only thing standing in its way at the moment is clearance from the German Cartel Office.