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2014-05-12 08:21:24

DETROIT, May 12, 2014 /PRNewswire/ -- Results of the 14(th) annual automotive industry study on the major US and Japanese automakers' working relations with their suppliers show the US Big Three are once again falling behind their Japanese competitors, with Toyota, Honda and Nissan finishing 1-2-3 respectively in the top rankings. http://photos.prnewswire.com/prnvar/20140509/86083 The study is watched carefully in automakers' boardrooms because an OEM's supplier relations rating can be...

2012-07-12 23:01:23

FCP Euro announced today that it has expanded its product offering to include a full range of Volkswagen replacement parts for its customers. Genuine VW, an accepted leader in auto parts manufacturing, is known globally for its highly reliable manufacturing. The addition of this outstanding product line to the FCP Euro lineup will allow the company to provide an even greater degree of choice for its customers and will further demonstrate FCP Euro's commitment to providing the best products at...

2012-04-27 23:03:09

FCP Euro announced today that it will be expanding their brand by offering to include Bosch OEM parts and products to its customers. Bosch, one of the largest automotive part suppliers, develops, manufactures and delivers precision components and systems - including Bosch alternators, distributors, starter motors and car batteries for a multitude of European makes. The addition of this exceptional product line to the FCP Euro lineup will allow the company to provide even better options for...

VW Ceases After-Hours Communications With Some Employees
2011-12-24 05:32:57

Officials at the largest automotive manufacturer in Europe have agreed to keep its Blackberry servers from sending emails to some employees when they are off the clock, various media outlets have reported. According to BBC News reports, Volkswagen (VW) confirmed on Friday that it has agreed to keep emails from reaching workers when they are off-shift. The British news agency added that the move was actually made earlier this year, following complaints from staff members that the...

2010-04-26 10:09:00

New supplier park includes two Magna operating units AURORA, ON, April 26 /PRNewswire-FirstCall/ - Magna International announced today that four of its operating units have been awarded new business from Volkswagen Group of America (VGoA), two of which will occupy space in the new supplier park Volkswagen is building adjacent to its Chattanooga, Tennessee, assembly facility. Magna will supply a wide variety of components and systems on Volkswagen's new mid-size sedan, which is estimated to...

2009-08-14 12:49:00

DOHA, Qatar, August 14 /PRNewswire/ -- Qatar Holding LLC ("Qatar Holding") announced today that it has reached a final agreement with Porsche Automobil Holding SE ("Porsche" or "PSE") and the family shareholders of Porsche on Qatar Holding's investment in Volkswagen AG ("Volkswagen" or "VW"), Porsche and the integrated car manufacturing group which is expected to result from the combination of VW and Porsche. Under the agreement, Qatar Holding will acquire from PSE cash settled...

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2009-07-23 05:54:33

Porsche announced Thursday Wendelin Wiedeking, its longtime chief executive, is stepping down, a move observers say may hasten a Volkswagen takeover. Also leaving the German company along with Wiedeking, who ran things at Porsche for 17 years, was Holger Haerter, Porsche's chief financial officer, CNN reported. Michael Macht, who has been head of production, will become the new chief executive, Porsche said in a statement. Wiedeking had long opposed a merger with Volkswagen. The board was...

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2009-07-18 09:20:00

German automaker Volkswagen is planning a complete acquisition of sports car manufacturer Porsche, sources say. The German magazine Der Spiegel, citing unnamed sources, reported Saturday that rather than purchase just 49.9 percent of the struggling Stuttgart, Germany, sports car maker as had already been reported, Volkswagen is laying plans to purchase the entire company using a pair of financial transactions. Der Spiegel said Volkswagen would make Porsche its 10th brand by first purchasing...

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2009-06-29 14:51:53

German automaker Porsche turned down an offer from Volkswagen Monday that would have transferred 49 percent of its sports car unit to its larger rival. Porsche said a financial penalty attached to the offer made the deal unfeasible, The New York Times reported Monday. The sale of Porsche A.G., its sports car business, for about $5.6 billion would immediately trigger repayment of $17.6 billion on a loan, Porsche spokesman Frank Gaube said. The merger was planned in two steps. The first step...


Word of the Day
glogg
  • Scandinavian punch made of claret and aquavit with spices and raisins and orange peel and sugar.
This word comes from the Swedish 'glogg,' which is an alteration of 'glodgat,' mulled (wine).
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