“We must increase our company value in order to stay competitive,” Witter said.

VW intends to offer stock in Traton SE for between 27 euros to 33 euros per share.

The contracts already awarded have a total volume of around EUR 20 billion. A supplier decision for North America will be taken shortly, th...

The finance unit of German car giant Volkswagen said it had received up to 2 billion euros in state guarantees for refinancing car loans.