Audi AG (NSUG.DE)
25 Mar 2019
March 14 The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Thursday:
INGOLSTADT Audi will make greater use of vehicle platforms and technologies developed with Porsche and Volkswagen as it embarks on a 15 billion euro cost cutting and efficiency drive, Chief Executive Bram Schot said on Thursday.
* Audi seeks 15 billion euros in cost, efficiency gains by 2022
INGOLSTADT, Germany Volkswagen's premium brand Audi is reviewing whether to raise its stake in its Chinese joint venture partner companies, the premium brand's China chief Alexander Seitz said on Thursday.
INGOLSTADT, Germany, March 14 Volkswagen's premium brand Audi is reviewing whether to raise its stake in its Chinese joint venture partner companies, the premium brand's China chief Alexander Seitz said on Thursday.
INGOLSTADT, March 14 Audi the premium brand owned by Volkswagen said it expects to deliver an operating return on sales between 7 percent and 8.5 percent, below its long-term target, as costs for developing electric cars weigh on profits.
BERLIN/FRANKFURT, March 14 The following are some of the factors that may move German stocks on Thursday:
WOLFSBURG, Germany Volkswagen will cut jobs as it speeds up the rollout of less labor-intensive electric cars and will review its sprawling portfolio of brands as it battles to reverse a slide in profit margins, the German carmaker said on Tuesday. | Video
* CEO says reviewing group's portfolio of brands (Adds more CEO, China chief comments)
FRANKFURT Volkswagen shuffled management responsibilities at its core brand on Monday, freeing up Group CEO Herbert Diess to oversee the carmaker's radical strategy to mass produce electric cars.