Volkswagen (VW), Europe's biggest car maker, expressed optimism last week about prospects in its current business year after earnings rose sharply last year on cost-cutting and capital gains. "We are expecting a slight increase in deliveries to customers in 2007", VW said in a statement.
Volkswagen, Europe's biggest car maker, said on Tuesday that its new compact sports utility vehicle, the Golf Marrakesh, would be built at its plant in Wolfsburg, north Germany. VW management had threatened to relocate production of the SUV to Portugal where unit costs were much cheaper, if the works' council in Wolfsburg did not agree to new employment conditions.
Volkswagen, Europe's biggest car maker, said on Monday that it planned to step up job-cutting measures, particularly at its main plant in Wolfsburg, north Germany. "Despite rising sales, the Volkswagen group still has considerable overcapacity and will therefore be intensifying its efforts to cut back manpower," the car maker said in a statement.