Toyota's 2020 forecast edges it closer to Volkswagen

Business / Corporate Dec 17, 2019

Toyota's 2020 forecast edges it closer to Volkswagen

Toyota Motor Corp. said Tuesday its group plans to sell 10.77 million vehicles worldwide in 2020, slightly up from 10.72 million vehicles estimated for this year, nudging it closer to No. 1 automaker Volkswagen AG. The figure would mark an all-time high for the fourth ...

Volkswagen pulls truck unit IPO in setback to CEO's revamp

Business Mar 14, 2019

Volkswagen pulls truck unit IPO in setback to CEO's revamp

Volkswagen AG canceled plans to sell a share of its Traton SE division due to weak market conditions, dealing a setback to the automaker's plan to generate fresh funds for the heavy-truck unit's expansion outside Europe. "We regret that we have to refrain from a ...