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Volkswagen Group

March 1, 2018

Fiat Chrysler Automobiles (FCA) is the latest top 10 carmaker to say it will stop making diesel cars. 

Fiat Chrysler Automobiles (FCA) is to stop making diesel cars by 2022—the latest top 10 carmaker to call it quits on the controversial fuel.

The Italian carmaker that is controlled by Exor, the investment vehicle of the Agnelli family who have a 29% stake in FCA, said it would stop making diesel cars due to falling demand and spiralling regulatory costs, according to media reports.

July 21, 2016

Five of the world’s largest family businesses in the top 20 of the new Fortune Global 500 have seen their combined revenues slump by more than $74.5 billion compared to last year.

Five of the world’s largest family businesses in the top 20 of the new Fortune Global 500 have seen their combined revenues slump by more than $74.5 billion compared to last year.

The 2015 fiscal year impacted the bottom lines of Volkswagen, Toyota Motor, Samsung Electronics, and EXOR Group by almost 6% with not even Walmart, controlled by the Walton family, immune from sales falling for the first time, Fortune reported.

Berkshire Hathaway was the exception to the rule, with revenue up by more than 7%.

December 5, 2014

Volkswagen Group, the world's second biggest carmaker and Germany’s largest family business, is mulling an entry into Formula One, sources say.

Volkswagen Group, the world's second biggest carmaker and Germany’s largest family business, is mulling an entry into Formula One, sources say.

Last month its rival, fellow German carmaker Mercedes, took out the championship at the Abu Dhabi Grand Prix, with its drivers Lewis Hamilton and Nico Rosberg taking out first and second place respectively for the season, which runs from March until November.

January 14, 2013

European family businesses are putting their best foot forward for 2013, with Swatch making a major acquisition while Volkswagen and PPR are also eyeing deals.

European family businesses are putting their best foot forward for 2013, with Swatch making a major acquisition while Volkswagen and PPR are also eyeing deals.

March 13, 2012

Asian countries have been growing faster than their European counterparts recently. Yet the reverse was seen in the family business sector this week, when five family firms in Europe posted strong results, while one Asian shipping company saw its profits drop by more than 80%.

Asian countries have been growing faster than their European counterparts recently. Yet the reverse was seen in the family business sector this week, when five family firms in Europe posted strong results, while one Asian shipping company saw its profits drop by more than 80%.

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