Martin Winterkorn

Type: Person
Name: Martin Winterkorn
First reported 18 hours ago - Updated 14 hours ago - 2 reports

VW's Winterkorn tells 20,000 staffers of big cost-cutting plans

During a gathering of 20,000 Volkswagen Group employees at company headquarters in Wolfsburg, Germany on Wednesday, CEO Martin Winterkorn dropped a bombshell. The boss stated that the automaker isn't operating efficiently enough and admitted the company ... [Published DailyMe.Com - 14 hours ago]
First reported Jul 23 2014 - Updated Jul 24 2014 - 1 reports

CEO Winterkorn: VW needs higher profits

Volkswagen CEO Martin Winterkorn said that the multi-brand automotive group “urgently” needs higher profit to help fund future expansion, according to Reuters.“Over the short-term, we urgently need more efficiency and higher profit,” Winterkorn told a ... [Published North Georgia Times Free Press - Jul 23 2014]
First reported Jul 23 2014 - Updated Jul 23 2014 - 1 reports

Labor Tells Volkwagen "Not So Fast" With Proposed Budget Cuts

Volkswagen faces a battle with workers over cost cuts at its biggest car division, a central plank of its drive to meet profit margin targets. VW CEO Martin Winterkorn today called for swift results when outlining an efficiency drive to a gathering of ... [Published Autospies - Jul 23 2014]
First reported Jul 23 2014 - Updated Jul 23 2014 - 1 reports

VW faces battle with workers over cost cutting plans

* VW urgently needs higher profit to fund growth - CEO * CEO addresses over 20,000 workers at VW's German base * Works council chief sees conflicts with management (Adds works council chief, analyst comments, background) By Andreas Cremer and Jan Schwartz ... [Published Sharenet - Jul 23 2014]
First reported Jul 23 2014 - Updated Jul 23 2014 - 3 reports

UPDATE 1-VW boss says "urgently" needs higher profit at key brand

12:30pm BST* CEO addresses over 20,000 workers at VW's German base* Underlines cost-cut call in plant staff gathering* Works council chief sees "conflicts" with management (Adds comments from works council chief and background)BERLIN, July 23 (Reuters) ... [Published Reuters UK - Jul 23 2014]
First reported Jul 23 2014 - Updated Jul 23 2014 - 1 reports

VW to build new SUV in Tennessee

Volkswagen plans to build a new seven-passenger SUV at its factory in Chattanooga, Tenn., adding about 2,000 factory jobs as it tries to reverse U.S. sales that have fallen for the past two years.The German automaker announced last week that it will invest ... [Published Manufacturing Automation & Advanced Manufacturing - Jul 23 2014]
First reported Jul 22 2014 - Updated Jul 22 2014 - 1 reports

Cracks In The Armour? Volkwagen CEO To Address Workers Over Massive Cuts To Come

Volkswagen's CEO will address thousands of workers at its biggest plant on Wednesday as he attempts to win their support for cost cuts at the carmaker's core VW brand. Europe's largest carmaker keeps boosting sales to new records but profitability gains ... [Published Autospies - Jul 22 2014]
First reported Jul 22 2014 - Updated Jul 22 2014 - 1 reports

VW to build new SUV in Chattanooga, add 2,000 jobs; impact to be felt for years to come

Chattanooga Times Free Press Six years to the day that Volkswagen first motored into Chattanooga, the automaker today will start a second U.S. offensive as it powers up to make a new vehicle, creating 2,000 more jobs and investing an added $600 million ... [Published Noodls - Jul 22 2014]
First reported Jul 22 2014 - Updated Jul 22 2014 - 1 reports

Report – VW to refresh models faster

Bloomberg has obtained internal company documentation that shows the carmaker’s strategy for the years to come. VW plans to speed up vehicle development, which typically can range anywhere in between four to eight years, by setting up a task force. The ... [Published Inautonews - Jul 22 2014]
First reported Jul 20 2014 - Updated Jul 21 2014 - 1 reports

VW to spend US$900 million at Tennessee plant to build new SUV

VOLKSWAGEN will spend US$900 million to build a mid-sized SUV at its US plant in Tennessee, nearly doubling the factory’s workforce, in an effort to revitalize sales in the world’s second-largest auto market.VW said that it had chosen its factory in Chattanooga, ... [Published Shanghai Daily - Jul 20 2014]
First reported Jul 18 2014 - Updated Jul 18 2014 - 1 reports

VW, Fiat repudiate report of bid talks

Berlin and Milan - Volkswagen (VW) and Fiat Chrysler have denied a magazine report saying they were in merger talks.Germany’s Manager Magazin said yesterday that VW chairman Ferdinand Piech had held talks with the owners of Fiat Chrysler, including the ... [Published IOL - Jul 18 2014]
First reported Jul 14 2014 - Updated Jul 15 2014 - 28 reports

Volkswagen Expected To Create 2,000 New Jobs In Chattanooga, But At A Hefty Price

Sen. Bob Corker at a press conference on Monday about Volkswagen’s expansion plans. (Photo credit: Corker’s Office)Volkswagen plans on building a new SUV at its plant in Chattanooga, an investment the German automaker says is worth $900 million and could ... [Published Nashville Public Radio - Jul 15 2014]

Quotes

"over the short-term, we urgently need more efficiency and higher profit" CEO Martin Winterkorn told a gathering of more than 20,000 blue-collar workers on Wednesday at VW's base in Wolfsburg, Germany
...of the 7-passenger vehicle as well as creating 2,000 new jobs VW says the U S is one of its most important markets for Volkswagen, which is "going on the attack again in america" said chairman Martin Winterkorn. The plant already builds the new Passat for the North American market

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All (243) | News (202) | Reports (0) | Blogs (40) | Audio/Video (0) | Fact Sheets (1) | Press Releases (0)
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VW's Winterkorn tells 20,000 staffers of big co... [Published DailyMe.Com - 14 hours ago]
VW's Winterkorn tells 20,000 staffers of big co... [Published Autoblog - 18 hours ago]
As costs threaten profits, VW takes on a more m... [Published Detroit News - Jul 24 2014]
Volkswagen Denies Rumors of "Auto Union" Name C... [Published Auto Evolution - Jul 23 2014]
Labor Tells Volkwagen "Not So Fast" With Propos... [Published Autospies - Jul 23 2014]
VW faces battle with workers over cost cutting ... [Published Sharenet - Jul 23 2014]
CEO Winterkorn: VW needs higher profits [Published North Georgia Times Free Press - Jul 23 2014]
UPDATE 1-VW boss says "urgently" needs higher p... [Published Reuters UK - Jul 23 2014]
VW boss says "urgently" need higher profit to f... [Published Economic Times - Jul 23 2014]
VW boss says 'urgently' need higher profit to f... [Published Reuters - Jul 23 2014]
VW to build new SUV in Tennessee [Published Manufacturing Automation & Advanced Manufacturing - Jul 23 2014]
Cracks In The Armour? Volkwagen CEO To Address ... [Published Autospies - Jul 22 2014]
VW boss to address German workers over cost cuts [Published Reuters - Jul 22 2014]
VW Will Build Big New SUV For U.S. In Chattanooga [Published WintonsWorld.com - Jul 22 2014]
Report – VW to refresh models faster [Published Inautonews - Jul 22 2014]
VW to build new SUV in Chattanooga, add 2,000 j... [Published Noodls - Jul 22 2014]
VW, Fiat deny report of merger talks [Published Namibian Sun - Jul 21 2014]
VW to spend US$900 million at Tennessee plant t... [Published Shanghai Daily - Jul 20 2014]
A better Passat [Published Yahoo! Malaysia - Jul 19 2014]
Pod Rods: hot tubbing Cadillac style; tanks a l... [Published Florida Times-Union - Jul 18 2014]
Volkswagen Confirms SUV Production Based On Pas... [Published Autotypes - Jul 18 2014]
AutoNation Plans New Car-Buying App [Published AIADA - Jul 18 2014]
The potential merits of Volkswagen buying Fiat,... [Published Autocar.co.uk - Jul 18 2014]
VW, Fiat repudiate report of bid talks [Published IOL - Jul 18 2014]
Fiat denies talks with Volkswagen [Published Gulf Daily News - Jul 18 2014]
VW, Fiat Chrysler deny merger talk rumours [Published GoAuto - Jul 18 2014]
Is There A Chrysler Fiat (MI:F) Volkswagen (DE:... [Published Live Trading News - Jul 17 2014]
Fiat denies report of looming takeover bid from... [Published ENCA - Jul 17 2014]
Fiat Chrysler denies report of merger talks wit... [Published Financial Express - Jul 17 2014]
Mega Mergers: Is Volkswagen Chasing Fiat Chrysler? [Published Wall St. Cheat Sheet - Jul 17 2014]
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VW's Winterkorn tells 20,000 staffers of big co... [Published Autoblog - 18 hours ago]
Filed under: Volkswagen , Earnings/Financials During a gathering of 20,000 Volkswagen Group employees at company headquarters in Wolfsburg, Germany on Wednesday, CEO Martin Winterkorn dropped a bombshell. The boss stated that the automaker isn't ...
Mega Mergers: Is Volkswagen Chasing Fiat Chrysler? [Published Wall St. Cheat Sheet - Jul 17 2014]
Source: Getty Images A German magazine is reporting that Volkswagen AG (VLKAY.PK) is apparently interested purchasing Italian automaker  Fiat (FIATY.PK), according to Manager Magazin. It cited anonymous company sources, who supplied the information, ...
Corker Delivers Remarks on Volkswagen's Announc... [Published Senator Bob Corker - YouTube Channel - Jul 15 2014]
<a style="font-size: 15px; font-weight: bold;font-decoration: none;" href="http://www.youtube.com/watch?v=8SW2Se3hcnQ&feature=youtube_gdata"&gt;Corker Delivers Remarks on Volkswagen's Announcement July 14, 2014 - Senator Corker delivered remarks in ...
Volkswagen Awards a New SUV and $600M to Chatta... [Published Wall St. Cheat Sheet - Jul 14 2014]
It was a big day for Volkswagen of America (VLKAY.PK) on Monday. While still struggling to crack the code of the U.S. market, Volkswagen announced that it would be building a new SUV — based on the CrossBlue concept, pictured above — will be built ...
Volkswagen to produce new CrossBlue-based midsi... [Published Green Car Congress - Jul 14 2014]
The new mid-size SUV is based on the CrossBlue concept. Click to enlarge. The Board of Directors of Volkswagen Group of America has decided to award the production of its new midsize SUV to the Chattanooga plant in Tennessee. The Group will be investing ...
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