BNET Industries
Last Fiscal Year Sales:$120.4B
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Dow Jones Description
Helping you 'Arrive'! Volkswagen AG ( German: VOW) is one of the leading automobile manufacturers in the world. Number one in Europe, it produces over 5.2 million cars, trucks, and vans annually. Some of its models are Passat, Touareg, Phaeton, Lamborghini, Bentley, and Bugatti. It operates plants in Africa, the Americas, the Asia/Pacific region, and Europe and it is sold in about 150 countries. This $121.3 billion company is based in Wolfsburg, Germany and employs about 342,500 people. In March 2006 the company's Supervisory Board approved the sale of wholly-owned subsidiary Europcar to the French investment group Eurazeo
Number of Employees 369,928
Peer Companies
NAICS Code Motor Vehicle Body Manufacturing: 336211
Recent Events
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Volkswagen Shareholders Approve Plan To Raise Capital To Finance Porsche Deal - Update
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'Wrap artist' lays tracks with mobile billboard
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UPDATE 1-MAN down on talk about pressure to bid for Scania
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Report from Europe: The Fallout from the Dubai Sandstorm Lingers
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Upgrades and Downgrades: American Eagle Soars
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Audi AG Chief Rupert Stadler to join Board of Management of Volkswagen Aktiengesellschaft
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MAN finance chief to step down
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VW Capital Raising Approved
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U.S. Stocks Up; Central Banks Diversify
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German carmaker Volkswagen to buy some assets of German contract carmaker Karmann
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Volkswagen launches New Beetle in India
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VW to buy Karmann assets, create new model
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Higher Losses at German Banks; Porsche Loss
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UPDATE 1-VW board set to approve Porsche contracts - sources
News & Analysis
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government and volkswagen ag - All News and Analysis
Porsche revs up long-mooted bid for VW
FRANKFURT AFP — German luxury sports car maker Porsche indicated Monday it was preparing to take a majority stake in its much larger German rival Volkswagen, the biggest car maker in Europe. Porsche's supervisory board approved a plan to increase its VW stake to more than 50 percent, from...
Malaysia's Proton and VW say tie-up talks shelved
KUALA LUMPUR AFP — Malaysia's government and Volkswagen said Tuesday they had shelved long-running talks about an alliance between the German firm and the Asian nation's car maker Proton. Malaysia's state investment arm Khazanah Nasional, which controls Proton, said it had discontinued negotiations with Volkswagen. The German car...
Proton shares tumble after Malaysia ditches Volkswagen
KUALA LUMPUR AFP — Shares in carmarker Proton sank 11.7 percent on Wednesday as analysts warned its future remained cloudy after Malaysia ditched alliance talks with Germany's Volkswagen. At 12:30 am (0430 GMT) Proton shares fell 58 sen to 4.36 ringgit (1.29 dollars), while the overall Kuala Lumpur Composite...
EU court overturns German VW 'Golden Share' law
BRUSSELS AFP — Europe's highest court overturned Tuesday a law that protects VW from takeovers, striking a blow against "golden share" deals and allowing Porsche to tighten its grip on the continent's biggest carmaker. The European Court of Justice ruled against the "Volkswagen Law," thereby upholding Porsche's claim to...
Malaysia's Proton pins hopes on exports, new models
KUALA LUMPUR AFP — Malaysia's loss-making car manufacturer Proton said Thursday it was pinning its hopes on exports to Asia and Europe, as well as new models to perk up dismal sales in the domestic market. Proton chairman Mohamed Azlan Hashim also said that negotiations for a tie-up with...
Malaysia's Proton, VW edge towards partnership: source
KUALA LUMPUR AFP — Malaysian carmaker Proton and German auto giant Volkswagen AG are cautiously edging towards a partnership after a second round of talks in Thailand, officials said Sunday. "Negotiations between Proton and Volkswagen are ongoing," said Ahmad Shahizam, spokesperson with the government's investment arm, Khazanah Nasional. He...
Top tip for Laguna
Renault boss Carlos Ghosn predicts that the new Laguna will be in the top three of the upper medium sector, which includes the new Ford Mondeo, Vauxhall Vectra, Volkswagen Passat and Audi A4. He says that Renault wants to raise the profitability of each of its new models, which...
Malaysia's Proton, VW close to tie-up: report
KUALA LUMPUR AFP — Malaysia's ailing national carmaker Proton and Volkswagen AG are close to sealing a tie-up that will likely see the German firm take a 51 percent stake in its key assets, a report said Thursday. Citing unnamed sources, The Edge Financial Daily said a new company...
Malaysia says Proton-VW talks back on
KUALA LUMPUR AFP — Malaysian officials said Friday talks were back on with Volkswagen in an apparent last-ditch attempt to forge a strategic alliance for besieged national carmaker Proton. Prime Minister Abdullah Ahmad Badawi had said late Thursday that the talks with Volkswagen had failed, leaving the struggling carmaker...
US: Hyundai To Establish US$270m Engine Plant In Alabama and Canada: Government Offers CA$15m for Automotive Technology Research Are Among the Topics Inside April 2007 Edition of Light Vehicle Manufacturing.
M2 PRESSWIRE-4 April 2007-Research and Markets: US: Hyundai To Establish US$270m Engine Plant In Alabama and Canada: Government Offers CA$15m for Automotive Technology Research Are Among the Topics Inside April 2007 Edition of Light Vehicle ManufacturingC1994-2007 M2 COMMUNICATIONS LTD RDATE:05042007 ...
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