To compensate for the exchange rate, Volkswagen hopes to sell more cars in the U.S. that are manufactured in Mexico. It has reduced the base prices of its Mexican-made Jetta and New Beetle models to about $16,500 from about $18,000.

Volkswagen AG officials said they may not make money in North America until 2009 due to a softer U.S. economy and unfavorable currency exchange rates between the U.S. and Germany.

Volkswagen is working on a new Golf Hybrid in order to compete with other companies releasing compact hybrid vehicles. So far test results given by Volkswagen are pretty good with the Golf hybrid prototype using 10% less fuel than a conventional vehicle while running its engine.

Los Angeles - On the eve of the Los Angeles Motor Show DaimlerChrysler, AUDI and Volkswagen announced that they intend to establish the BLUETEC brand name as the designation for particularly clean, highly fuel-efficient passenger cars and SUVs with diesel engines.

Its deal to buy out joint venture stakes from GM, VW, and others will make it the biggest listed car maker in China

Nov. 30 (Bloomberg) -- Germany's DAX Index fell. Deutsche Boerse AG, Volkswagen AG and Bayer AG led the decline. The benchmark DAX lost 54.61, or 0.9 percent, to 6309.19, after rising as much as 0.6 percent earlier. The measure gained 0.6 percent in November, it's fourth straight monthly gain.

1552 GMT [Dow Jones] Volkswagen (VLKAY) -2.7% at EUR83.20, on profit-taking following recent heavy gains, a trader says. Trader notes the stock's gains were due to Wednesday's speculation that Porsche (POR3.XE) was preparing to take over the company, he adds. Porsche denied the speculation.

Here is a video of the recently unveiled Volkswagen Tiguan Concept which was launched at the LA Auto Show. The Volkswagen Tiguan Concept seems to closely resemble what the production version of the compact SUV will look like at its launch since the design is toned down from what it originally looked like.

Nov. 30 (Bloomberg) -- Germany's DAX Index fell. Deutsche Boerse AG, Volkswagen AG and Bayer AG led the decline. The benchmark DAX lost 19.12, or 0.3 percent, to 6344.68 as of 4:06 p.m. in Frankfurt, after rising as much as 0.6 percent earlier.

1423 GMT [Dow Jones] Independent Research downgrades Volkswagen (VLKAY) to sell from reduce, following the recent share price gains. Says the share price gains are probably short term, as it sees little probability that Porsche (POR3.XE) will completely take over Volkswagen.