Tag Archives: VW Group

Volkswagen announced that it’s third-quarter net profit surge more than 10-fold to 2.2 billion Euros due to strong demand and strict cost controls. “Increased demand for our group models and our disciplined cost management led to these strong results, which have strengthened our sound financial base,” a statement quoted by VW finance director Hans Dieter Poetsch. VW officially said that ...

Previously, there is some article mentioning about the acquisition of one Italian design firm by Volkswagen. For now, the German automaker has completed the acquisition of Italdesign Giugiaro S.p.A. (IDG) on last Monday. Volkswagen Group now holds a 90.1 percent stake in the Italian design and engineering firm as well as the company’s brand name rights and patents. Volkswagen Group ...