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Tag Archives: volkswagen
Chinese Government Approves Two VW Joint Venture Plants
VW is in the midst of an ambitious expansion designed to make it the world’s largest automaker surpassing General Motors and Toyota by 2018. The new VW JV plants at Foshan and Yizheng in the world’s largest car market are key to this expansion strategy. Continue reading
Volkswagen – Stalking Toyota – Sets Record for Car Sales
Volkswagen wants to be the world’s largest automaker by 2018, which would require it to overtake Toyota and General Motors, the number one and number two global sales leaders respectively in 2010. VW brand deliveries in North America, 194,600 vehicles (162,600; +19.7%) in the first five months, were characterized as “very encouraging.”
Nonetheless VW remains a minor player in what remains a major global market. As part of the world dominance plan, Volkswagen Group said it will sell 800,000 VW models annually in the United States by 2018 – 1,000,000 with Bentley and Audi included. In the U.S., all VW Group brands delivered 360,300 units during 2010, corresponding to growth of 20.9% – a long way short of the goal. Continue reading
Volkswagen Holds Base Price of New Beetle to $19,765
Transaction prices of the Beetle will be much higher of course than the $19,765 starting point. The sportiest model the 2.0L TSI will start at more than $24,000 with a 2-liter in-line four-cylinder turbocharged engine that produces 200 horsepower and 207 lb-ft of torque. Continue reading
Volkswagen Group Sales Rise 13.9% Through April
VW is now growing faster than the overall global auto market, which increased 8% during the same period. If the sales trend holds VW will surpass Toyota in global sales this year as Japan’s largest automaker continues to struggle with production disruptions caused by the Japan earthquake. Continue reading
Renault Group Reveals Its 2016 Plan – Largely Outside Europe
The plan is heavily dependent on cost cutting, growth in emerging markets, and success of electric vehicles. In a statement that disappointed analysts, and sent the stock price down, Ghosn dismissed out of hand a merger with Nissan, claiming it was culturally impossible. Continue reading
Posted in auto news, economy, milestones, news analysis, results
Tagged auto informed, auto news, auto plants, autoinformed, autoinformed.com, automotive news, emerging auto markets, european auto business, european auto results, european auto sales decline, ghosn, Ken Zino, nissan, renault 2016, renault group, renault growth plans, results, volkswagen, zino
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Toyota Number One in 2010 Sales, Beating General Motors
In the closely fought global car wars, Toyota Motor Corporation just barely maintained its Number One position in 2010, beating a resurgent General Motors Company, according to sales numbers released today.
Toyota’s worldwide sales in calendar year 2010 tallied 8,418,000, an increase of 8% compared to 2009. General Motors reported that it delivered 8,389,769 vehicles globally, a 12.2% increase from 2009 deliveries of 7,477,178. The third place automaker, Volkswagen group had reported earlier 2010 sales of 7.14 million, a 13.5% improvement from 2009. Continue reading
Posted in auto news, economy, results, sales
Tagged 2010 sales results, auto informed, auto news, autoinformed.com, automotive news, general motors, global auto sales, Ken Zino, results, toyota, volkswagen, zino
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