Volkswagen is on its way to a hiring spree. The company is expected to increase its headcount as it aims to become the world’s largest automaker with annual vehicles sales of 10 million, said CEO Martin Winterkorn. “We’re assuming that 500,000 employees will work for us company-wide long-term. In addition, our suppliers and dealerships each [...]
Opel is a 139-year-old German company that has been making cars for more than a century. GM has owned Opel since 1929. However, since 1999, GM has has lost $14.5 billon in Europe, most of it due to Opel. Nonetheless, when someone talks bad about family, it’s not that pleasing. GM said that Volkswagen AG [...]
Volkswagen Group yesterday was given the final approval for two build two additional plants in China, continuing its long-term growth strategy in the world’s largest market for passenger cars. Dr. Martin Winterkorn, Chairman of the Board of Management of Volkswagen Aktiengesellschaft, today signed appropriate declarations together with the Presidents of the Chinese partner organizations. The [...]
Dr. Martin Winterkorn became CEO and Chairman of the Volkswagen Management Board on Jan. 1, 2007. While is contract was supposed to expire on Dec. 31, 2010, the Supervisory Board of Volkswagen AG (which stands for Aktiengesellschaft), extended the contract unanimously by five years. That means Winterkorn will stay at the helm of Europe’s largest [...]
Volkswagen AG has made it very clear that it”s goal is to overtake Toyota as the world”s leading automaker by decade”s end, and to help effectuate the process and make sure that happens, CEO Martin Winterkorn says that he wants to stay in his role after his contract expires. Winterkorn acknowledges that the aforementioned goal [...]
Volkswagen Group announced today that it will take a 90.1 percent controlling stake in Italdesign Giugiaro SpA, leaving the Giugiaro family with 10 percent of the shares. “With this shareholding in Italdesign, we are participating in one of the most renowned design and development companies with one of the richest traditions in the automobile industry,” [...]
Toyota announced earlier this week that it expects its global auto sales to increase 6 percent in 2010, hoping to maintain its lead over Volkswagen and General Motors as the world’s biggest automaker. However, around eight years from now, Volkswagen AG’s CEO Martin Winterkorn believes his company will become the worlds biggest automaker, outpacing Toyota [...]
Well, it seems like Volkswagen and Porsche have worked out their differences. What seemed to be a forced relationship on Porsche’s side by taking majority share in Volkswagen, V-dub CEO Martin Winterkorn is now hailing cooperation between the two companies. “Our integration has come a long way in the last few months and I am [...]
Porsche CEO Wendelin Wiedeking was not at the launch of the 2010 Porsche Panamera at the 2009 Shanghai Motor Show. According to Abendzeitung daily newspaper, Wiedeking was absent because of an agreement between Wolfgang Porsche and his cousin, Volkswagen Chairman Fedinand Piech, that Wiedeking should be replaced by Volkswagen CEO Martin Winterkorn. Today, Porsche and Volkswagen denied [...]
Volkswagen’s CEO Martin Winterkorn said that while the current wave of consumer interest in environmentally friendly cars will last, electric-cars will not dominate auto dealerships anytiem soon. “Electric mobility does have a place in the long-term future,” Winterkorn told Automotive News Europe. However, he said that safe and affordable electric-vehicles for daily use are “very [...]
