The European currency has become weaker due to the political situation in Greece, as well as several other economic changes. Several exporting companies, including Volkswagen AG (ADR) (OTCMKTS:VLKAY), are looking to benefit from the situation; the German automaker is looking to boost its vehicle exports.
At the Geneva Motor Show on Tuesday, Volkswagen AG’s (ADR) (OTCMKTS:VLKAY) Passat won 2015 European Car of the Year award. This is the second award Volkswagen has received this year. At the Detroit Auto Show, the German company’s Golf GTI won North American Car of the Year 2015, ahead of Ford Motor Company’s (NYSE:F) pony car, Mustang.
The site says that they are aiming to reduce the friction involved in buying a new car, with the London-based car wow allowing consumers to compare offers online and buy directly from “trusted” dealers that are registered with the platform, specifically avoiding the arduous but otherwise necessary requirement to haggle over price.
CAIRO, Egypt — Prosecutors will investigate allegations that Egypt’s ousted president escaped from prison during the 2011 revolution with help from the Palestinian militant group Hamas, officials said Thursday.
FORTUNE -- Volkswagen AG's new Passat midsize family sedan this fall will tussle for buyers with formidable competitors like Toyota's (TM) Camry, Honda's (HMC) Accord, Ford's (F) Fusion and Chevrolet's (GM) Malibu. Midsize sedans play in the the fattest, most important slice of the U.S. automotive market, one where companies fight the hardest to gain share. Thorough May, midsize cars comprised more than a half of all cars sold in the U.S. and more than a quarter of all vehicles sold, including minivans and sport utilities. Passat has been in the U.S.
Volkswagen will air a 60-second commercial at this year's Super Bowl, marking the the car brand's fifth consecutive year as a Super Bowl advertiser. The company announced the news Friday, saying its TV and social media advertising for this year's game will build on its "tradition of sharing simple, human stories."
By David Zanoni:There is something out there that has plans for world domination and it's not the Joker from Batman. It's Volkswagen (VLKAY.PK) - which plans to become the world's largest automaker by 2018. I admire the company for setting a lofty goal and working towards achieving it.
CHATTANOOGA, Tennessee (Reuters) - Volkswagen AG will add 800 jobs at its only U.S. plant, in Chattanooga, Tennessee, to increase production of the small Passat sedan, the company said on Thursday. Volkswagen has not said how much production will increase at the plant, but has said that by next year it will produce 170,000 Passats at its U.S. plant, which opened in May 2011. The 800 new hires will be added to the plant's existing workforce of 2,200 Volkswagen workers and another 500 who work for a firm called Aerotek. In the first two months of the year, Volkswagen sold 14,500 Passat sedans.