Volkswagen Expects To Hire More Staff In 2012 - Report

German car maker Volkswagen AG's (VOW.XE) chief executive expects the company's staff numbers to increase by more than 10% over the coming year, Germany's Bild am Sonntag reports.

Volkswagen could have "perhaps around 500,000" staff at the end of 2012, up from the current 449,000, the newspaper quotes chief executive Martin Winterkorn as saying.

Porsche Automobil Holding SE (PAH3.XE) Chief Executive Matthias Mueller expects headcount to increase about 10%, the newspaper reports, without giving a timeframe for the expected rise.

The heads of BMW AG (BMW.XE) and Daimler AG's (DAI.XE) Mercedes-Benz are more cautious in their estimates, according to Bild.

BMW Chief Executive Norbert Reithofer tells the newspaper the number of employees depends on future economic development.

Daimler Chief Executive Dieter Zetsche referred the newspaper to the 10,000 jobs created in 2011.

Zetsche also tells Bild "we need huge effort for the future of the euro, but it's worth it".

Volkswagen CEO Winterkorn tells the newspaper the euro is imperative for Germany to be globally competitive.

Newspaper website: http://www.bild.de/geld/wirtschaft/automobilhersteller/autobosse-versprechen-mehr-arbeitsplaetze-20975220.bild.html

-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500.