Volkswagen Group Posts

General Motors Company (GM) sold 9.71 million vehicles last year

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General Motors Company (NYSE:GM) has sold 9.71 million cars and trucks last year. This is a 4% increase from 2012. GM especially saw growth in China and the U.K. Based on these numbers, GM has surpassed third-place Volkswagen. Volkswagen sold 9.5 million light vehicles across the globe. Toyota will be releasing their numbers next week. In 2012, Toyota sold around 9.7 million cars and trucks. General Motors used to be the top selling car company for 7 decades until Toyota passed them in 2008.
[Source: HuffPo]

Volkswagen AG (VOW): Porsche Expected To Hit Profitability Growth Again Next Year

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Volkswagen AG (ETR:VOW) said that Porsche is planning to hit profit growth again next year once the Macan compact SUV and 918 Spyder hybrid hits the market.  Porsche is targeting an increase in earnings before interest and taxes next year after a jump in spending on new vehicles prevents operating profits from rising in 2013 said Porsche chief financial officer Lutz Meschke.
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The Volkswagen CrossBlue Hybrid Concept Hits 89 MPGe

At the 2013 Detroit Auto Show, Volkswagen unveiled the CrossBlue SUV hybrid concept intended for U.S. and Canadian markets.  The CrossBlue is a mid-size SUV concept that has VW’s TDI Clean Diesel engine with 2 electric motors, a DSG dual-clutch automatic transmission, and electric all-wheel-drive system.  The fuel economy rating is at 89 MPGe combined in electric mode.

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New York Supreme Court Justice Rules Porsche Must Face Lawsuit Over VW Shares

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Porsche SE will be required to face a lawsuit claiming that they hit its plan to corner the market in Volkswagen shares.  The ruling was made by New York State Supreme Court Justice Charles Edward Ramos.  The “core” issue of the claims is whether New York courts can hold a foreign entity responsible for fraudulent misrepresentations aimed at plaintiffs in the state.  There are 26 hedge funds involved in this case including Greenlight Capital Inc. and Glenhill Capital LP.  Porsche plans to appeal the decision.

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Audi Expected To Acquire Ducati For $1.1 Billion Tomorrow

It is rumored that Audi will be acquiring Ducati for $1.1 billion later this week. “Ducati is one of the finest machines you can buy but strategically it’s insignificant for Volkswagen,” stated HIS analyst Christoph Stuermer. “Its revenue is more than Lamborghini’s and Bugatti’s combined, but to the automotive operations, it’s a mere accessory.”
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Microsoft and Volkswagen Sign Patent Licensing Agreement For Use Of exFAT

Microsoft Corporation (NASDAQ:MSFT) and Volkswagen Group have signed a cross-patent licensing agreement. Volkswagen will have access to the Extended File Allocation Tablet (exFAT). exFAT allows media files to be storage across a broad range of consumer electronic devices. The speed which these files are accessed is fast. The deal was made through Volkswagen subsidiary Below is the press release:
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Volkswagen’s Super Bowl Commercial Features Little Darth Vader [VIDEO]

Volkswagen will be airing a commercial during Super Bowl called The Force. Little Darth Vader tries to use the force on the family dog, a sandwich, a baby doll, etc. Will Little Darth be successful at using the force on anything? Find out in the video above.

Volkswagen Acquires Italdesign Giugiaro

Volkswagen has acquired Giorgetto Giugiaro’s Italdesign. Volkswagen Group bought a 90.1% stake in IDG. Now Volkswagen owns IDG’s stake in brand name rights and patents. Audi’s Italian subsidiary Lamborghini Holding S.p.A. was responsible for the acquisition. The Giugiaro family will keep the remaining 9.9% share. [TheTruthAboutCars]