Articles Tagged with "VW"

VW to add eight Audi models to rival BMW

Volkswagen AG's Audi brand aims to add eight models by 2015, challenging Bayerische Motoren Werke (BMW) AG as the world's largest maker of luxury cars.

Dec. 29 , 2009
FAW-VW Magotan meets sales target early

Magotan, FAW-VW's flagship car, has seen sales grow steadily every month since April in the competitive car market. The company has already met its full-year sales goal for the Magotan.

Dec. 22 , 2009
VW buys 49.9% stake in Porsche sportscar unit

Volkswagen has acquired a 49.9% stake in Porsche's core sportscar operations for EUR3.9 billion, and reiterated that the merger is expected to be finalized in 2011.

Dec. 10 , 2009
Suzuki sells 19.9% stake to VW for $2.5 bln

Suzuki Motor said today it will sell a 19.9 percent stake to Volkswagen for $2.5 billion and use half the proceeds to buy shares in the German automaker, as the two firms form a formidable force in the auto industry.

Dec. 9 , 2009