At yesterday’s annual shareholder meeting, Volkswagen had nothing but good news: A record year 2010, a record first quarter 2011, a company that is rolling in cash. Instead of thanking management for the good numbers and the (smaller than expected) dividend, ingrate shareholders bawled Winterkorn out. (Read More…)

China is getting a double dose of Volkswagen Passat. The new generation B7 Passat will hit China’s streets in a longer wheelbase version, to provide legroom for the boss in the back while the driver up front braves the crazy Chinese traffic. Just like the previous-gen B6, the car will be built by Volkswagen’s northern joint venture with FAW and will be sold under the Magotan name. “Passat” was already taken by Volkswagen’s southern joint venture, more on that below. (Read More…)

Volkswagen was all grins when litigating hedgies lost the first round in court in the U.S. (it’s on appeal) and when the public prosecutor in Stuttgart dropped some of the  investigation into former Porsche CEO Wendelin Wiedeking and former CFO Holger Härter (only to add new angles.)  Until the matters are cleared, Volkswagen and Porsche officially are not married, unofficially, they share all available beds.

Now, a new lawsuit causes frozen faces and acid reflux at the very top of Volkswagen: German investment funds intend to involve prominent supervisory board members of Volkswagen AG in a billion dollar court case. (Read More…)

It’s odd that China’s two largest carmakers, Volkswagen and GM chose Shanghai as the launchpad of their retro cars. After all, the 50s and 60s have zero appeal in China. Nobody thinks of Rock’n’Roll when they think back in China. Those were the forgotten times of the Great Leap Forward and the Cultural Revolution. The iconic cars of China’s past are the Santana, the Buick Century, the Jeep Cherokee of the 1980s and 1990s.

73 years after the original Beetle was launched, 13 years since the first-edition New Beetle came out, a new New Beetle took the stage in Shanghai. (Read More…)

A few days ago, we looked at Volkswagen and said that “we expect a growth of group sales well over 10 percent in the first quarter” when Volkswagen does publish its Q1 data by the end of the week. Wolfsburg did not disappoint. Volkswagen sold 1.97 million cars globally in the first three months of 2011. In the same period of last year, it was 1.73 million vehicles, for a growth of 13.7 percent.

The “increase means Europe’s largest automaker also clearly outperformed the overall market, which grew 8.1 percent,” proclaims a statement emailed from Wolfsburg. Group sales in March were also respectable: 767,200 units, up 8.1 percent over March 2010, and a new record.

From the perspective of America, where Volkswagen has been relatively luckless ever since the success of the Bug, these numbers may look surprising. (Read More…)

According to VWVortex, 1,461 Etienne Aigner Edition 1991 Golf Cabrios were sold in North America. I found one in a Northern California junkyard last year, and now here’s another. You’d think such an exclusive, one-year-only Golf would have legions of collectors driving the values well above scrap price, but the junkyard evidence shows otherwise. (Read More…)

Volkswagen is hitting on all cylinders this year. The Volkswagen Passenger Cars brand delivered 1.23 million units in the first quarter of 2011, up 10.4 percent from 1.11 million in the same period of 2010. That according to an emailed statement from Wolfsburg.

In March, Volkswagen also racked up record deliveries: For the first time, more than 468,000 (March 2010: 446,000; +4.9 percent) vehicles changed hands. Who’s buying all these cars? (Read More…)

Going to the wrecking yard on a grim, rainy day somehow makes all the junked custom vans seem even more depressing than usual. How much work went into that mural? (Read More…)

One of my jobs in China was to help out with the launch of the Passat B6. Except that there was no Passat B6 in China. In 2005, the car was introduced in Europe to great acclaim. A year later, it was supposed to be made in China.  In China, Volkswagen has two joint ventures, Shanghai Volkswagen in Shanghai, and FAW-VW in frigid Changchun. SVW made and makes the Passat and was the logical choice to make the B6. Except that SVW didn’t want it. They deemed the 1996 vintage B5 and its Chinese variants as good enough for the Chinese market.  The folks in Wolfsburg shook their heads. “They always complain that they don’t get the latest technology, and when we give them the latest technology, they  keep the old stuff.”

Making the best out of having two joint ventures in China, Volkswagen sold the B6 license to FAW-VW. As the name “Passat” was taken, the B6 received a new name, “Magotan.” Pronounced “Ma-GO-tn”. Except that in Chinese, it’s called “May Teng.” (Are we confused yet? Gee, there is a company that is proud of the mess.) The Ma-GO-tn/May Teng was launched to limited success.

Last year, a new generation Passat was launched in Europe, dubbed the B7 internally, but detractors say it’s no more than a big facelift. The Chinese version will be shown at the Shanghai Motor Show. Guess who will make it? (Read More…)

Who will be the world’s largest car company this year? There appears to be at least one car company that is (so far) totally unaffected by any parts malaises, supposed bursting bubbles in China and any other possible impediments to vehicular growth: Volkswagen. Veedub’s sales jefe Christian Klinger remarked at the sidelines of a press conference today that Volkswagen’s sales will hit record levels in March.

The Wall Street Journal could not believe its ears and sought confirmation. A Volkswagen spokesman said they heard right. Klingler didn’t give any further details, says the WSJ, but record levels can’t mean anything else than the best March ever in VW’s storied history. (Read More…)

German advertisers of the 1950s turned the Volkswagen Transporter into some of the best rolling marketing art ever. (Read More…)

Now here is an interesting tidbit from Volkswagen’s press conference of today.  Remember when three weeks ago J.D. Power announced that 72 million light-vehicles were sold worldwide in 2010, a number never seen before? Volkswagen has a different picture. (Read More…)

Volkswagen looks back at its best year in history. At a press conference today, Volkswagen CEO  Martin Winterkorn announced a consolidated group profit before tax of €9 billion ($12.45 billion). €1.9 billion ($2.6 billion) of that is Volkswagen’s share out of their China businesses.

(Read More…)

Volkswagen might feel pretty confident now, but things seemed much scarier for the boys from Wolfsburg back in 1973; the company had milked just about every last drop from the air-cooled/rear-drive platform that had looked so futuristic when they ripped it off from Hans Ledwinka nearly four decades earlier and the verdict was still out on the new generation of water-cooled VWs. American car buyers could still buy the Type 4 in 1973, and so Car & Track felt compelled to review it. (Read More…)

Are there any winners of carmageddon? You bet there are: The Germans. They were sheltered from the American meltdown by virtue of a minuscule market share. At home in Europe, they were saved in 2009 by European cash for clunkers largesse. Following that, they could not make enough cars to power the insatiable export machine.

Development pretty much came to a halt in the U.S. and Japan in 2009. It yet has to reach full revs. Flush with cash, German manufacturers never had to stop the development of new cars. Due to the long development cycles, we just begin to see the beginnings of this effect. (Read More…)