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The Volkswagen Group said today that Kjell Gruner will be CEO of Volkswagen Group of America effective December 12. Gruner succeeds Pablo Di Si, “who has stepped down from his position on his own request.” It was a short two year stint for Di Si. Until Kjell Gruner* takes office, Gerrit Spengler, the chief human resources officer of Volkswagen Group of America, will perform the function of interim CEO. So car guy out, Human Resources in. No hybrids in sight.
Yes, that’s right Human Resources is running a car company. It’s just the latest example of the chaos at VW globally as three plants are shutting in Germany and VW and Audi models are being dumped, and its plan to sell Scout vehicles directly is legally under attack by dealers. During the first nine months of the year, 769,000 vehicles were delivered in North America, an increase of more than 7% compared to the previous year. In the main US market though, the Volkswagen Group grew by only 1.5%. Continue reading
Lexus, Honda Top 2025 U.S. ALG Residual Values
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For a fourth consecutive year, Lexus and Honda receive the award for best premium brand and mass market brand, according to the J.D. Power 2025 U.S. ALG Residual Value Awards,SM released today. Lexus received the most model-level awards with five, followed by Toyota with four (read AutoInformed.com on: Honda, Lexus at Top of ALG Residual Value Awards).
“Honda stayed disciplined with pricing in 2024, avoiding the aggressive manufacturer’s suggested retail price (MSRP) increases that diminished affordability at other brands, while Lexus’ restraint with incentives paid dividends, as incentives have a direct negative effect on the resale values of older models,” said Danny Battaglia, managing director of ALG customer success at J.D. Power. “Additionally, the top brands consistently employ a balanced strategy with regard to trim levels, powertrains and pricing, which helps bolster residual performance and long-term value for consumers who are shopping in a highly competitive market.” Continue reading →