Volkswagen Issues Second Recall for Minivan Ignitions

Volkswagen entered into a partnership with Chrysler in 2008 to help the German maker fill its void in the minivan segment in the U.S. Now that partnership is giving VW a headache as it’s recalling nearly 21,000 of the minivans for the second time, reported The Detroit Bureau. VW is recalling them again to fix ... Read More »

VW Keeps Profit Outlook, Raises Sales Target After Record Earnings

Volkswagen stuck to its guidance for operating profit after posting record earnings last year on double-digit gains in sales of luxury Audi and Porsche models, reported Reuters. Europe’s largest carmaker said on Friday the group operating margin could come in a range between 5.5 percent and 6.5 percent, same as last year’s projection. Operating profit ... Read More »

VW’s Audi beats Mercedes with record January sales

Audi outsold Mercedes-Benz in January as demand in China and the United States helped Volkswagen’s flagship division post record sales and analysts said the lead over its German rival may widen, reported Reuters. Audi said on Monday sales rose 10 percent last month to 137,700 cars and sport-utility vehicles with the world’s two largest car ... Read More »

Volkswagen’s Audi Aims to Launch Two Electric Vehicles by 2018: CEO

Volkswagen’s premium Audi division aims to bring two purely electric vehicles to market by 2018 as it tries to catch up with rivals such as Tesla Motors and BMW, reported Reuters. Audi’s Chief Executive Rupert Stadler told German daily Frankfurter Allgemeine Zeitung (FAZ) in an interview to be published on Saturday that the launch of ... Read More »

Lincoln, VW Captives Rank Highest in Customer Satisfaction, JD Power Reports

WESTLAKE VILLAGE, Calif. — Auto finance sources cannot focus their efforts on only one or two areas of the financing process and expect to have satisfied customers; they need to excel in all areas throughout the life of the loan or lease. That was the conclusion of J.D. Power and Associates’ 2014 U.S. Consumer Financing ... Read More »

Daimler, VW Dampen Speculation About Imminent CEO Succession

Succession is not an imminent topic at Daimler or Volkswagen, the chief executives of both carmakers said on Thursday, adding that any potential candidates would most likely come from within their respective companies, reported Reuters. Daimler chief Dieter Zetsche and Martin Winterkorn, who heads up Volkswagen, were both asked during a panel discussion in Munich ... Read More »

VW Recalls 189,000 SUVs in North America for Potential Stalling

Volkswagen AG said on Saturday it is recalling 189,490 Tiguan small sport utility vehicles in North America for potential stalling issues, reported Reuters. The German automaker said gas bubbles may form in the fuel system in the affected vehicles from model years 2009 through 2014 when winterized fuel with high vapor pressures is used in ... Read More »

VW Production Chief Leaves Amid Production Troubles

Volkswagen has replaced its production chief Michael Macht, who oversaw the introduction of a manufacturing platform which was designed to cut costs, a day after the company reported a drop in operating profit, reported Reuters. VW is increasingly relying on its MQB modular platform, a production system introduced two years ago, to save money by ... Read More »

Leases Entice Drivers to Upgrade Cars as Often as IPhones

Fiat Chrysler Denies Report of Merger Talks with VW