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Volkswagen AG (VOW.XE) expects operating earnings and sales to rise in 2014 after stagnating this year, the German car maker said Thursday.The global car market will likely grow more rapidly next year than in 2013, the world's third-largest car maker by sales said, as it released its annual report.The company confirmed its guidance for flat operating earnings this year despite rising sales as the European debt crisis slows down the business. Competitive pressure is high and still rising, said Chief Executive Winterkorn.The group, whose 12 brands range from Skoda to Audi, Porsche and Lamborghini, expects a weak start to the year and a recovery in the second half.Mr. Winterkorn said he sees the group on the right track towards its goal of becoming the world's largest car maker by 2018, dethroning Toyota Motor Corp. (7203.TO).Volkswagen's plans for a cheap car are becoming more concrete: "We will launch a real budget car in China in the foreseeable future," said Mr. Winterkorn. The car's ...
German carmaker BMW and U.S. aircraft maker Boeing are to exchange information about making carbon fiber, an emerging battleground among auto and plane makers.BMW sa...
Attorney Joey Jackson and small business expert Susan Solovic on an Italian court sentencing former Italian Prime Minister Silvio Berlusconi for tax fraud.
Perhaps the best way to decide whether your car is exotic or just expensive is to try to insure it.Premiums for a $210,000 2012 Audi R8 Spyder Quattro, for instance,...
New York City Public Advocate Bill de Blasio on putting pressure on Maserati for doing business in Iran.
Bentley and Lamborghini's plans to develop ultra-luxury SUVs may be put on hold to save cash for parent Volkswagen , company sources said, in a sign that the crisis ...
Bentley and Lamborghini's plans to develop ultra-luxury SUVs may be put on hold to save cash for parent Volkswagen, company sources said, in a sign that the crisis i...
It's no secret that adding a teen to your insurance policy will raise your rates dramatically.Most insurance experts tell parents to expect rates to at least double ...
If you think Bankrate's list of 10 big-time gas guzzlers is populated with high-ticket European imports, you would be correct. Only two entries are not."Gas guzzler"...
As the average price of a gallon of regular gas varies between $3.50 and $4 nationwide, fuel efficiency remains prized among the new cars most people buy. But some d...
German car manufacturer Volkswagen AG (VOW.XE) doesn't plan to make further acquisitions for now, German daily Handelsblatt reports Friday."At the moment we are busy...
You've Got that Whip AppealYou are what you drive. Then again, you are also what you eat, what you wear -- oh, and you look like your pet. No matter what you "are," ...
During the Republican primaries, then-candidate and former House Speaker Newt Gingrich promised a moon colony by the end of his second term and flights to Mars by 20...
High-profile former federal prosecutor Andrew Stolper said Tuesday he had teamed up with an ex-FBI agent to form a private equity firm specializing in litigation fin...
Lamborghini President and CEO Stephan Winkelmann discusses the tremendous rise in sales of Lamborghinis in the United States.
Volkswagen AG (VOW.XE) said Friday it is aiming to match last year's operating profit in 2013 as it expects revenue to rise, but amid an uncertain economic environme...
Volkswagen AG (VOW.XE) said Friday it is aiming to match last year's operating profit in 2013 as it expects revenue to rise, but amid an uncertain economic environme...
Italy's Ferrari Monday posted a double-digit increase in net profit for 2012 as strong demand for its luxury sports cars such as the new 12-cylinder F12 Berlinetta p...
Ulrich Hackenberg isn't yet a household name but if Volkswagen's $70 billion bet on his big idea pays off, he may join the likes of Henry Ford, Alfred Sloan and Taii...
Members of America's Corvette Club can't wait to see General Motors Corp's 2014 Chevrolet Corvette Stingray, the first new Corvette in nine years, which the automake...
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