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/ 26 February 2007
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.
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/ 13 December 2006
Volkswagen is launching the most powerful Passat built to date, featuring a 220 kW/300 hp motor and the special ”deep blue pearl effect” colour. The Passat R36, presented at the Essen Motor Show in Germany last month, will be on sale in the second quarter of next year, the manufacturer announced.
A boxy little car with 110 horsepower under the bonnet and a badge with the suffix GTI — viewed with hindsight, it doesn’t sound very special. Thirty years ago, this combination was enough to launch a whole raft of nimble, sporting saloons; indeed, it heralded a completely new class of car — the hot hatchback.
Car maker Volkswagen (VW) and internet giant Google are developing an in-car navigation system that gives directions using Google Earth images, Volkswagen said on Monday. The three-dimensional display, combining road maps with satellite imagery of locations, also makes use of online data that provides the driver with information on traffic conditions and the weather, VW said.
Volkswagen (VW), Europe’s biggest carmaker, gave a warning recently to its 100 000 German employees that they would have to accept thousands of job losses and several plant closures if the group was to survive. Linking his own future to that of the company, the chief executive Bernd Pischetsrieder and his fellow directors bluntly told staff that VW was doomed.
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/ 27 September 2005
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.
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/ 5 September 2005
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.
Volkswagen, Europe’s biggest car maker, is hoping the new fifth version of its best-selling Golf model, unveiled on Monday, will steer the group back into the fast lane of the world’s car makers.
Volkswagen may mean People’s Car in German, but the masses will not be driving the company’s new luxury model, Phaeton, which costs 98 000 euros ( 000).