German carmaker Audi sees September car sales fall 6.8 percent on yearOctober 9th, 2009 Audi September sales fall 6.8 percent on yearFRANKFURT — German carmaker Audi AG said Friday it delivered 6.8 percent fewer cars in September than a year earlier as the global downturn continued to affect demand, but noted it fared better than the wider market and saw gains in some regions. The Ingolstadt-based company, a unit of Europe's biggest carmaker Volkswagen AG, said it sold 88,600 cars for the month compared with 95,136 cars in September 2008.
General Motors says China sales set new record; sales in first 9 months up 55 percentOctober 9th, 2009 General Motors says China sales set new recordBEIJING — General Motors Co. said Friday it set a sales record in China in September and total sales for the first nine months of the year rose 55 percent to nearly 1.3 million vehicles.
Ford says US auto sales in Sept. fell 5.1 percent; clunker hangover hurts demandOctober 1st, 2009 Ford Sept. sales fall 5.1 percentDETROIT — Chrysler Group LLC reported a 42 percent sales drop last month, while Ford Motor Co. says its September sales fell 5.1 percent, revealing a tough hangover from this summer's Cash for Clunkers buying spree.
Qatar Holdings to acquire 17 percent stake in Porsche companyAugust 15th, 2009 Qatar acquire 17% Porsche stakeDOHA, Qatar — Qatar Holding has announced it will acquire a 17 percent stake in Volkswagen AG, which is merging with Porsche, in a deal that will exceed $10 billion. This comes after the Porsche and Piech families said it will sell a 10 percent stake of their shares to the Gulf company.
German carmakers VW and Porsche supervisory boards to meet, news on tie up could emergeAugust 13th, 2009 VW, Porsche meet, merger news eyedFRANKFURT — Officials from German car companies Volkswagen AG and Porsche AG were meeting in Wolfsburg Thursday afternoon amid intense interest about their announced merger. Observers are anxious to hear what plans the supervisory boards have and what sort of financial commitments are being made in their efforts to form closer ties.
Ford posts its first sales increase since 2007 on strong "cash-for-clunkers" trafficAugust 3rd, 2009 Cash for Clunkers boost Ford's July sales 1.6 pctDETROIT — Ford Motor Co. says July sales rose nearly 1.6 percent over the same month last year as the government's wildly successful "cash-for-clunkers" program gave the automaker a significant boost.
Porsche approves $7.1 billion cash infusionJuly 23rd, 2009 BERLIN - The supervisory board of German carmaker Porsche early Thursday approved a 5 billion euro ($7.1 billion) capital increase that could clear the way for a takeover by Volkswagen. The announcement came after a several-hour closed-door meeting to reach an agreement on the future of the iconic sports car maker.
Porsche says CEO Wendelin Wiedeking to step down immediately; Michael Macht named replacementJuly 23rd, 2009 Porsche says CEO stepping downSTUTTGART, Germany — Porsche Automobil Holding SE's supervisory board says company CEO Wendelin Wiedeking is to step down immediately. The board issued a statement early Thursday morning after a meeting through the night.
Nissan reports 23.1 percent drop in June sales in U.S.; Maxima model shows growthJuly 1st, 2009 June auto sales: Nissan North AmericaFRANKLIN, Tenn. — Nissan North America Inc.
Volkswagen of America says June sales of fall 18 percent despite boost from clean dieselJuly 1st, 2009 Volkswagen of America says June sales fall 18 pctHERNDON, Va. — Volkswagen of America Inc.
Luxury carmaker Porsche says 9-month profit drops to €4.6 billionJune 19th, 2009 Porsche's 9-month profit drops to €4.6 billionBERLIN — Automaker Porsche SE said Friday its nine-month profit dropped 15 percent to €4.6 billion ($6.4 billion), excluding its holdings of Volkswagen AG, as the global economic crisis drove down demand for new cars. The Stuttgart-based luxury carmaker said its sales from Aug.
Luxury carmaker Porsche says 9-month profit drops to euro4.6 billionJune 19th, 2009 Porsche's 9-month profit drops to euro4.6 billionBERLIN — Automaker Porsche SE said Friday its nine-month profit dropped 15 percent to euro4.6 billion ($6.4 billion), excluding its holdings of Volkswagen AG, as the global economic crisis drove down demand for new cars. The Stuttgart-based luxury carmaker said its sales from Aug.
Porsche says it's pleased with orders for new PanameraJune 2nd, 2009 Porsche pleased with Panamera ordersLEIPZIG, Germany — German car maker Porsche SE said Tuesday that it is pleased with orders for its new Panamera sedan and aims to sell about 20,000 of the vehicles annually. Michael Macht, the management board member responsible for production, said during a presentation in Leipzig that Porsche expected to build about 90 of the new sedans per day once production is in full swing.
Meeting in Austria, families behind Porsche discussing luxury auto maker, VolkswagenMay 6th, 2009 Piech, Porsche families meet in AustriaSALZBURG, Austria — The families that control Porsche meet Wednesday to decide if the automaker should sell Porsche to Volkswagen or even merge the two German automakers. Members of the Piech and Porsche families, the controlling share holders of Porsche Automobil Holding SE are meeting privately in Austria, but neither company has said what the talks are focusing on.
Porsche Panamera to be launched in India by OctoberApril 7th, 2009 NEW DELHI - German auto major Porsche's upcoming model Panamera will be available in the Indian market by October this year in the price range of Rs.14.17-Rs.20.18 lakh, a top official said Tuesday. Porsche, which operates in India through the import route, will unveil the new sedan at the upcoming Shanghai Motor Show, to be held April 22-24.
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