The previous already-audacious goal was 15 million.
Waiting to hear from Toyota, Renault-Nissan-Mitsubishi.
The Piech and Porsche families want a return to the black within two years.
Giorgetto Giugiaro and his son have sold their remaining 9.9 percent stake in Italdesign Giugiaro to Audi, and the two of them have resigned from the company that bears their name.
Former Bentley Design Director Luc Donckerwolke might be moving to work for Hyundai and Kia. After Peter Schreyer's retirement in a couple of years, Donckerwolke could start leading the styling for both Korean brands.
The Volkswagen Group is preparing a massive shakeup to its internal structure that will see the company's brands split into four companies of three brands.
The public showdown between VW Group Chairman Ferdinand Piëch and Group CEO Martin Winterkorn is calm for now, but there's a chance it has damaged Piëch's position and it most likely isn't over.
According to Porsche, the upcoming line of turbocharged 911s won't be missing in the current car's revvy character or iconic exhaust note.
With Ferdinand Piech opposing Martin Winterkorn's bid to become Volkswagen Group chairman, an upcoming meeting between the two over the position could be tense.
Before Porsche CEO Matthias Müller was promoted to the Volkswagen Group supervisory board, he made remarks on his potential as a successor to Group CEO Martin Winterkorn. His comments were taken to mean he wasn't interested in the job, but he now says his words were misunderstood.
Although there were hints and allegations that the Volkswagen Group might have taken the global sales crown for 2014, the final tally puts Toyota at the top for the third year in a row with 10.23 million sales in 2014. Volkswagen Group came second with 10.14 million units sold, General Motors came third with 9.92 million units sold. In 2015, however, the top two positions are expected to swap.
Audi wants to use the names Q2 and Q4 for coming crossover products, but Fiat owns those trademarks and appears unlikely to sell them. It's said that Fiat CEO Sergio Marchionne is loathe to do anything that would aid any company under VW Group CEO Ferdinand Piëch.
Following on Volkswagen's official announcement that it was working on a ten-speed, dual-clutch transmission, Auto Express has it on "good authority" that the new transmission will end up in the next GTI, GTD and Golf R. The brand's current seven-speed will be retained for lesser eight-
Volkswagen Group has sacked – well, he left "by mutual agreement," at any rate – its production chief, Michael Macht, marking the second executive dispatched by the automaker in the last week. Macht, pictured above, left, with VW Group Chairman Martin Winterkorn, was the man responsible for overseeing the
During a gathering of 20,000 Volkswagen Group employees at company headquarters in Wolfsburg, Germany on Wednesday, CEO Martin Winterkorn dropped a bombshell. The boss stated that the automaker isn't operating efficiently enough and admitted the company needs to radically start cutting back to raise its profit margins. To right the ship, Winterkorn has proposed killing off less profitable models and spending less on research and development.
Financially, things are looking up for Volkswagen Group overall, yet deliveries are still falling in the Americas. Worldwide, the automotive giant's profits after taxes rose 26.8 percent in the first quarter of 2014 to 2.47 billion euros ($3.4 billion). Total sales revenue was up 2.7 percent to 47.8 billion euro ($66 billion).