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Martin Winterkorn
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Audi shifting to high-performance models to propel sales
… biggest automaker by 2018. Audi accounted for 56 percent of the VW's first-quarter operating profit and VW CEO Martin Winterkorn pledged last month to increase the group's presence in the premium-car segment, where profit margins are higher …
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Audi shifting to high-performance models to propel sales
… biggest automaker by 2018. Audi accounted for 56 percent of the VW's first-quarter operating profit and VW CEO Martin Winterkorn pledged last month to increase the group's presence in the premium-car segment, where profit margins are higher …
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Volkswagen said to favor China's FAW for budget brand
… future -- a particularly affordable entry-level model for 6,000 euros ($7,785) to 7,000 euros," CEO Martin Winterkorn said at the company's annual meeting last month. Eric Felber, a VW spokesman, said there's nothing to report …
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VW plans fuel-saving 10-speed tranny
… VW. Its wide gear ratios and low internal friction are expected to help increase fuel economy, VW says. VW CEO Martin Winterkorn announced the 10-speed transmission and several other powertrain projects at the recent Vienna Motor Symposium …
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Toyota's 10 million plan: Common parts, randd
… units a year, Toyoda told Automotive News Europe sister publication Automotive News . In 2007, Volkswagen Group CEO Martin Winterkorn set a similar goal for the group -- 10 million sales by 2018. "No company in this industry has ever exceeded 10 …
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Audi's new Mexico SUV plant aimed at unseating BMW
… role for Audi, because Audi can produce in North America independent of U.S. dollar currency swings," VW CEO Martin Winterkorn said on the sidelines of an industry conference in Vienna last week. Profit from Audi will fund Volkswagen's drive …
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Porsche says 12 additional hedge funds withdraw U.S. suit appeal
… in the lawsuits, many of which have now shifted to a German court. "We're optimistic about our prospects," Martin Winterkorn , CEO of both Porsche SE and Volkswagen, said at the meeting in Leipzig, Germany. "We continue to view all pending …
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VW plans fuel-saving 10-speed transmission
… help reduce fuel consumption in its vehicles, CEO Martin Winterkorn said. The transmission is one of a number of drivetrain ..... International Vienna Motor Symposium Prof. Dr. Martin Winterkorn , Chairman of the Board of Management of Volkswagen …
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Porsche SE is optimistic of prospects in German investor lawsuits
… success in lawsuits in a German court over alleged market manipulation. "We're optimistic about our prospects," Martin Winterkorn , CEO of both Porsche SE and Volkswagen, said today in a speech prepared for the annual shareholders meeting in …
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VW eyes China growth to ease pain in Europe
… Bentley have helped the company avoid the full effects of slumping demand for mass-market cars in Europe. VW CEO Martin Winterkorn last week pledged to extend that advantage by expanding in China and further boosting the company's presence in …
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VW brand bears brunt of Europe slump as Q1 profit halves
… units for the quarter. "The current environment is definitely a tough challenge for the entire industry," CEO Martin Winterkorn said in a statement. VW brand accounted for over half the group's 46.6 billion-euro revenue in the quarter …
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VW may cut temporary staff in Europe, Winterkorn says
… temporary posts in response to Europe's weak market but won't close factories or reduce its permanent workforce, CEO Martin Winterkorn said. "We will not withdraw any capacity from Europe but rather preserve capacity in Europe," Winterkorn said …
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In Germany, incentives rise to combat falling car sales
… Sluggish Germany "Markets were sluggish, especially in Europe, and not least in Germany" during the quarter, VW CEO Martin Winterkorn said on Wednesday. Ford Motor Co.'s European pretax loss more than tripled to 462 million euros in the first …
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VW says 2013 will be tough, eyes H2 upturn
… improve in the second half as overseas markets keep growing. "The coming months will be anything but easy," CEO Martin Winterkorn said today at VW's annual shareholders' meeting. Except for North America and China, all regions were marked …
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VW keeps targets after first-quarter profit falls 26%
… 12 brands from luxury marques Audi, Porsche and Bentley to the VW, Skoda and Seat volume manufacturers. VW CEO Martin Winterkorn said in a statement today: "As expected, business in the first quarter was dominated by the difficult economic …
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VW will expand China lineup 29% in sales push
… and develop models in China by 2018 will be the country's largest-ever automotive-investment program, CEO Martin Winterkorn said today. VW is counting on growth in China and the United States along with gains in the luxury-car segment …
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Feds' goal: Daily drivers fueled by natural gas
… starting to consider the virtues of natural gas. During a March 14 press conference in Germany, Volkswagen Group CEO Martin Winterkorn said he expected natural gas-powered engines and plug-in hybrids would prevail for the next decade over other …
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VW ponders a large SUV built in North America
… has support from the top of the company down. "After the success of the U.S. version of the Passat," VW CEO Martin Winterkorn said last week at VW's annual press conference, "the goal is to establish ourselves in another core segment …
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VW profit lead over Toyota under threat as demand wobbles
FRANKFURT (Bloomberg) -- Volkswagen Group CEO Martin Winterkorn can check one thing off his to-do list: beat rivals in profit. VW aims to become the world's biggest carmaker and a leader …
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VW ponders a large SUV built in North America
… has support from the top of the company down. "After the success of the U.S. version of the Passat," VW CEO Martin Winterkorn said last week at VW's annual press conference, "the goal is to establish ourselves in another core segment …
