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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VW, Suzuki Agree to Global Alliance That Could Threaten Toyota's World Dominance
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Maruti shares up on VW, Suzuki deal
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European shares mixed in early trading
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Volkswagen To Buy 19.9% Stake In Suzuki Motor
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Financials Pressure European Shares
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Volkswagen set to buy up to 20% Suzuki stake
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Volkswagen buys 19.9pc of Suzuki
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VW buys 49.9% stake in Porsche
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Volkswagen buys 49.9% stake in Porsche
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Tax changes proposed to aid smaller Madoff investors
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Volkswagen Shareholders Approve Plan To Raise Capital To Finance Porsche Deal - Update
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Audi Parent Volkswagen Takes 49.9 Percent Stake in Porsche AG
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'Wrap artist' lays tracks with mobile billboard
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VW buys 49.9 percent stake in Porsche
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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
News & Analysis
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malaysia and volkswagen ag - All News and Analysis
Malaysia's Proton and VW say tie-up talks shelved
- 2007-11-20
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
- 2007-11-20
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...
Volkswagen eyes 20 percent stake in troubled Proton: official
- 2007-09-12
KUALA LUMPUR AFP — German auto giant Volkswagen is keen to take a 20 percent stake in loss-making carmaker Proton, an senior official said Thursday amid reports that talks will soon secure a partnership. "Volkswagen is eyeing a 20 percent stake in Proton. That is what they want," the...
Malaysia's Proton pins hopes on exports, new models
- 2007-09-06
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 close to tie-up: report
- 2007-06-07
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 rules out foreign control of Proton
- 2007-06-02
KUALA LUMPUR AFP — Malaysia has said it will never give up control of Proton to a foreign firm, as it struggles to find a strategic partner for the loss-making national car company. Malaysia has for months been in talks with German automaker Volkswagen and US auto giant General...
Malaysian PM to meet Volkswagen chiefs, says official
- 2007-04-01
KUALA LUMPUR AFP — Malaysian Prime Minister Abdullah Ahmad Badawi is expected to meet with top officials from German giant Volkswagen over the future of ailing national automaker Proton, a senior official said Sunday. "A high level meeting is expected soon. It is being arranged," the official who is...
Malaysia's Proton, VW talks hit bumpy road
- 2007-03-04
KUALA LUMPUR AFP — Talks between troubled Malaysian carmaker Proton and German giant Volkswagen AG that began last year have hit a bumpy patch, a report said Sunday. The Edge business weekly newspaper said that officials from Proton and Volkswagen had met several times but have yet to formalise...
Malaysian PM says Proton in talks with VW
- 2007-01-28
KUALA LUMPUR AFP — Malaysia's Prime Minister Abdullah Ahmad Badawi has said troubled carmaker Proton and German giant Volkswagen AG are in negotiations, but declined to give details of the deal, a report said. "I don't want to comment because it is being negotiated," Abdullah was quoted as saying...
GM to join bidders for Malaysia's Proton: report
- 2007-01-09
KUALA LUMPUR AFP — General Motors Corp. is planning to make a bid for Malaysia's struggling automaker Proton, joining Volkswagen AG and PSA Peugeot Citroen which are also reputed suitors, a report has said. The New Straits Times cited unnamed sources as saying that GM officials had met several times...
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