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...Plus, the FT’s Frankfurt correspondent, Joe Miller, explains why Volkwagen is pivoting its strategy away from growth and toward profit....
...South Korea’s antitrust watchdog said on Wednesday it will file criminal complaints against five of Volkwagen’s executives and fine the German carmaker’s Korea unit a record Won37.3bn for false advertising...
...Volkwagen has produced its smaller Caddy van at nearby Poznań for over a decade. Scania, Volvo and Fiat also make cars in Poland....
...“There are a lot of new models in the B [small car] segment, like Volkwagen’s Polo, Nissan’s new Micra and Ford’s Figo and it has really given a big boost to the numbers in the first six months of this year...
...He sowed the seeds of his downfall, however, with what looked at the time like his biggest success: the audacious takeover attempt of Volkwagen....
...A prolonged takeover battle for Sweden’s Scania, one of the industry’s most profitable players, ended in March, with Volkwagen buying a stake previously held by the Wallenberg family....
...Shell’s involvement has given Choren a welcome infusion of capital, while further investment has arrived through the shareholdings of Volkwagen and Daimler, which were announced last year....
...After all, at Volkwagen, the car manufacturer now under the mantel of the Piech-Porsche family has preferred to avoid any rupture with the German unions by launching the restructuring in Belgium, and appointing...
...Volkwagen’s recent decision to shed more than 3,000 jobs at its factory has done little to shift the district’s association with long-term decline. But things have recently started to change....
...Volkwagen maintained it was committed to its stake in Scania, but is thought to be keen for the deal to go ahead and possibly take a stakeholding in the enlarged group, into which it could integrate its...
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