The right product for the booming US SUV market, now with a stable Administration, which is thus far disinclined to start trade wars.
Volkswagen de México is now exporting to the US the new Taos, which is produced at the Puebla plant. Production of the compact Taos began in October 2020 for the Mexican market. In early February of this year, Volkswagen de México announced the start of manufacturing of the SUV for export markets – with the first shipment of production units now underway. (US, Mexican Volkswagen Plants to Link with Industrial Cloud)
Since its foundation, Volkswagen de Mexico has produced more than 13 million of vehicles. Currently, the Puebla Plant produces the Jetta, Tiguan LWB and Taos models; the Silao Plant produces the engines EA888 and EA211, which are integrated in the production of vehicles for the Volkswagen Brand and Audi, in North America. Continue reading
The Philadelphia Concours d’Elegance show in the City of Brotherly Love returns on 17 July 2021 to celebrate Corvette – “America’s Sports Car.” Last year’s two-day event was cancelled due to the pandemic and this fourth “annual” event has been rescheduled as a one-day program. All current State guidelines for pandemic restrictions will be in place to ensure the safety of all participants and attendees.
Groupe Renault Posts Flat Results for Q1 2021
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Groupe Renault sold 665,038 vehicles during Q1 2021, up 1.1% compared to the first quarter of 2020. In a pre-emptive assertion over the lackluster performance, management claimed “in a context still disturbed by the pandemic’… this start of the year “confirmed the positive impact of the Group’s profitability-oriented commercial policy, with a price effect of over 6 points.”
Well, during Q1 2021, Group revenues were €10,015 million (-1.1%). At constant exchange rates1, Group revenues would have increased by 4.4%. Automotive excluding AVTOVAZ revenues amounted to €8,566 million, down -0.3%. In addition to the change in inventories, which explains most of the negative impact of the volume (-6.5 points), revenues were adversely affected by a negative currency effect of -4.3 points. Continue reading →