The recent speculations about the Martin Winterkorn’s contract with Volkswagen got confirmed today when the actual VW Chief renewed his contract with the German group for the next five years. Martin Winterkorn managed to renew his agreement with the Germans from Volkswagen, an agreement which will expire in 2016. Until then, the Chairman of the
Reuters published some details about the agreement between Volkswagen and Martin Winterkorn, the current chief of the Germans. According to the information, it seems that VW’s Chief Martin Winterkorn is about to sign a new contract with the German company, a contract which will last until 2016. Bernd Osterloh claimed that Martin Winterkorn did a
The Germans at Volkswagen came out with a pretty interesting announcement; they plan to invest no less than 51.6 billion euros in their Automotive division. There’s more too, VW Group plans to invest this sum over the short period of five years.
Volkswagen Group have recently announced their plans to expand production capacities in China with the construction of a new automotive plant which is to be located in Foshan, in the Southern Chinese region of Guangdong. The new plant is scheduled to begin operations around the middle of 2013, sporting a capacity of 300.000 vehicles produced
You may remember the reports of a possible buying of Italdesign Giugiaro by Volkswagen AG and I am pleased to see some confirmation on the situation as the German group announced the future purchase a controlling stake today. The official figure desired by VW is a whopping 90.1% of the Italian design and engineering company.
