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Volkswagen's start to year is worse than in 2012, Poetsch says

posted on 25 February 2013 | posted in News

open quoteVolkswagen CFO Hans Dieter Poetsch predicted the first quarter would be worse than a year earlier, adding to a forecast last week that VW's 2013 operating profit probably wouldn't increase as Europe's auto market shrinks.close quote

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Ford unveils EcoSport SUV for Europe

open quoteFord today unveiled the European version of its EcoSport subcompact SUV, a model the automaker hopes will help counter the company's falling sales in the region. The EcoSport will go on sale in Europe at the end of the year.close quote

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VW board cuts Winterkorn's 2012 pay

open quoteThe VW supervisory board has taken steps to limit bonuses for CEO Martin Winterkorn and other top executives.close quote

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