DETROIT (Reuters) – Volkswagen (VOWG_p.DE) plans to spend more than $3.3 billion on development and production of new models in North America from 2018 to 2020 as the German group reboots operations in the world’s second-largest auto market. Some $1.2 billion of the planned investments are destined for the United States where Volkswagen in 2018… Continue reading VW to spend more than $3.3 bln through 2020 on U.S. model expansion
Tag: VW
Ford teases an all-electric performance car called the ‘Mach 1’
Ford just rolled out a new Ranger pickup truck, Edge crossover, and Bullitt Mustang here at the North American International Auto Show, all of which were either rumored or expected. But the company teased something totally out of the blue at the very end of its press conference: an all-electric performance car called the “Mach… Continue reading Ford teases an all-electric performance car called the ‘Mach 1’
Volkswagen: core brand achieves sales record
Volkswagen The strong Chinese business set a new sales record at Volkswagen last year. (Photo: AP) The Volkswagen-Kernmarke VW In 2017, cars brought more cars to their customers than ever before. A total of 6.23 million cars were handed over worldwide with the VW emblem – 4.2 percent more than a year earlier, as the… Continue reading Volkswagen: core brand achieves sales record
VW brand car sales hit 6.23 mln record in 2017
DETROIT (Reuters) – Volkswagen’s (VOWG_p.DE) core autos division increased vehicle sales to a new record last year, as rising demand for VW brand models in the Americas and the key Chinese market offset a decline in western Europe. Although the emissions test-cheating scandal of September 2015 has cost the German group billions of euros in… Continue reading VW brand car sales hit 6.23 mln record in 2017
Volkswagen brand sets delivery record in 2017
The Volkswagen brand handed over a total of 6.23 million vehicles to customers worldwide in 2017, making last year the most successful yet in the history of the brand. China, the largest single market, is the main driver of this positive development. More than 3 million vehicles were delivered there for the first time last… Continue reading Volkswagen brand sets delivery record in 2017
Audi Communications chief goes: Toni Melfi leaves Audi
Toni Melfi The trained journalist will be transferred to the parent company in Wolfsburg. (Photo: Audi AG) IngolstadtFor the VW-Daughter Audi is it a turn of events: Chief Communications Officer Toni Melfi leaves the company and moves to an unspecified leadership position to the parent company in Wolfsburg. Successor of Melfi is said to be… Continue reading Audi Communications chief goes: Toni Melfi leaves Audi
Car sales return to Russia after four years of diving
Dealers are breathing again in Russia. The local automotive market, still led by Lada, a subsidiary of Renault, recorded last year a volume of 1.59 million new registered vehicles, an increase of 11.9% compared to 2016. Phenomenon attributable in particular to the bottom current level of inflation and the stability of the ruble, which gives… Continue reading Car sales return to Russia after four years of diving
Fiat CEO Sees Room to Double Profit by 2022
Fiat Chrysler Automobiles NV Chief Executive Officer Sergio Marchionne, one of the longest-serving bosses in the auto industry, said the company can double profit within five years by exploiting the potential of the Jeep brand. Sergio Marchionne Photographer: Chris Ratcliffe/Bloomberg With the offroad nameplate in position to grab as much as 20 percent of the… Continue reading Fiat CEO Sees Room to Double Profit by 2022
Detroit Motor Show: Tesla, Porsche & Co. Stay Home
General Motors at Detroit 2018 + The American automaker is loyal to the traditional car show. (Photo: Bloomberg) Even a few years ago, the car industry had an unwritten law: In January, the top management in the large car companies prescribed a holiday ban. The start of the year Detroit Motor Show heralded the new… Continue reading Detroit Motor Show: Tesla, Porsche & Co. Stay Home
Detroit auto show: The Gallery event at Cobo Center
None Alan Peters of Troy, right, checks out the Bentley Bentayga SUV as his brother Matt Peters, left, also of Troy, takes a pogo of the Bentley logo during the Gallery held at Cobo Center in downtown Detroit on Saturday, Jan. 13, 2018. Junfu Han, Detroit Free Press