Tag: Volkswagen

• Friday, April 25th 2014 - 05:45 UTC

  Lay-offs hit Brazilian auto industry following advancing drop in sales

  

  Volkswagen said on Thursday it will lay off 900 autoworkers at two Brazilian plants, one of the biggest recent efforts to cut output in the face of sluggish demand for cars in Latin America's largest economy. Brazil is the No. 4 market for Volkswagen after China, Germany and the United States.

• Tuesday, August 6th 2013 - 03:01 UTC

  General Motors ahead of Toyota and Volkswagen in the global car industry

  

  General Motors outsold Toyota for the first time in six quarters, rising atop the industry and underscoring the resurgence of US automakers.

• Wednesday, March 14th 2012 - 00:07 UTC

  Brazil turns protectionist: wants Mexico to limit car exports to 1.4bn in three years

  

  Brazil's government wants Mexico to impose quotas on its own auto exports to the South American nation to ensure the total value does not exceed 1.4 billion dollars over the next three years, the development, industry and foreign trade ministry said.

• Thursday, October 27th 2011 - 20:41 UTC

  VW plans 2bn factory in Pernambuco with Brazilian long-term soft loan

  

  Volkswagen AG is negotiating with Brazilian authorities to build a 2 billion dollars factory in Brazil -- the latest foreign automaker looking to raise local output after a tax increase on imported cars

• Monday, October 24th 2011 - 20:33 UTC

  MAN announces 570m dollars investment to double truck production in Brazil

  

  Volkswagen-owned truck and bus maker MAN will invest 570 million dollars in Brazil from 2012 to 2016 as it aims to double production in Latin America's largest market, local media reported over the weekend.

• Wednesday, July 13th 2011 - 21:40 UTC

  EC checks into German government aid to car manufacturers

  

  European Commission is to examine aid paid out by the German government to car manufacturers BMW and Volkswagen. The money has been pledged to promote projects in eastern Germany.