On Monday, the wraps will come off Volkswagen’s secretive NMS (New Midsize Sedan). Readers of Autobild in Germany already had first visual impressions of the car, we’ll know Monday whether Autobild was, well, given the right pictures. The car will be a bit longer than the Passat. It will be made especially for American tastes and wallets.
Wallets: The car will cost around $20,000, that’s $7,000 less than an entry model Passat. Tastes: “Inside, much cheaper plastic that in European vehicles will be used,” says Autobild. On Monday, we’ll also know what the car will be called, that’s the only thing that remained a secret so far. Some think it might be called Passat. (Read More…)
A few days ago, we mentioned that Volkswagen might have something to say about GM’s press release which claimed that in 2010, “Shanghai GM became China’s first passenger car maker to sell 1 million vehicles annually.”
Today, Volkswagen said something, without even mentioning GM. (Read More…)
“Hyundai Motor Co. and its affiliate Kia Motors Corp. sold a combined 1.1 million vehicles in China last year, becoming the second largest auto seller in Asia’s biggest car market, the companies said yesterday.”
This today in the Korea JoongAng Daily, and in case you’ve never heard of them, they are an associate of the Herald Tribune. Now why should this be a slap in the face of GM? (Read More…)
Did you hear that? That was a sigh of relief, emanating from the few souls that are still holding the fort at Volkswagen in Wolfsburg and Porsche in Zuffenhausen. The sudden release of long held breath was caused by U.S. District Judge Harold Baer, who dismissed a lawsuit by 10 hedge funds who accused Porsche of securities fraud during the Wiedeking/Härter hijinx. The hedgies claimed more than $2 billion in damages, which gave Volkswagen pause in fully absorbing Porsche. Now, they can floor it.
So who will be the world’s largest automaker this year? Like it or not, this is decided by numbers of units produced, size doesn’t matter. Some time in summer 2011, OICA will publish the official worldwide manufacturer ranking. Let’s try to figure out the top three. Number 3 is easy: (Read More…)
Usually, unions take to the streets when their company is supposed to be sold. In Italy, unions demand the sale of their company.
In Milan, union representatives marched to the German consulate and handed the consul a letter in which they demand that Fiat lets Alfa go and that Volkswagen takes over.” With the letter delivered, the demonstrators grabbed megaphones and shouted: “Alfa has no chance with Fiat. We want Volkswagen!” Scusami?(Read More…)
Seoul’s Chosun Ilbo sees Hyundai-Kia taking the number 4 spot in global autos sales this year. The podium positions are already spoken for: Volkswagen will take third, the number one position remains a tight race between Toyota and GM.
The Seoul paper sees Hyundai-Kia “overtake the Renault-Nissan alliance to become the world’s fourth largest carmaker. Hyundai ranked fifth last year, with Toyota on top followed by GM, Volkswagen, and Renault-Nissan.”
The trouble is: It’s not true. Even more troubling Hyundai-Kia will most likely topple Ford. (Read More…)
Today, the Insurance Institute for Highway Safety will issue its list of what it thinks are the safest vehicles in America. 66 vehicles will be on the list. 40 cars, 25 SUVs, and a minivan. Any guesses who will lead the list? (Read More…)
“”By partnering with Volkswagen on the Fender Premium Audio System, we are creating a unique partnership with a truly innovative company allowing us to deliver a product that is as unique, expressive and dynamic as the customers who use it,” said Mark Van Vleet, Senior Vice President, Business Affairs for Fender.
Well, that may be… but do Volkswagen and Fender really want to be associated with each other? I can think of one solid reason why the two brands should have mucho distancia, hombre…
Unless a major disaster happens, (such as a falling sky, or a combined blood, fish, frog, and snake rain) Ford will retake the #2 slot from Toyota this year in the U.S. The DetN came to this conclusion after studying the year to date market share of both. In his monthly sales call, Ford’s analyst George Pipas said that Ford has increased its domestic sales at nearly twice the market’s growth rate. Ford’s market share stands at 16.4 percent at the moment, up from 15.3 percent last year. And Toyota? (Read More…)
“The next 24 months will be tough for us,” said Soh Weiming, Volkswagen’s company’s executive president for China, to Bloomberg. Is Volkswagen running scared in China? Will the bubble finally burst? Soh Weiming is worried. (Read More…)
Today, Bloomberg delights its readers with the news that “General Motors Co.’s passenger-car venture in China sold its millionth unit this year, becoming the first carmaker to reach that sales level in the world’s largest auto market.” Spinmeistery at maximum revolutions.
Uh-oh. Septuagenarian Ferdinand Piech is expressing youthful impatience with octogenarian Osamo Suzuki. Volkswagen’s Chairman of the board “is reportedly irked at the slow progress of his firm’s alliance with Suzuki,” says The Nikkei [sub]. The reason? “A year after Suzuki and Volkswagen agreed on a capital and business tie-up, the track record of their partnership remains devoid of significant accomplishment.” (Read More…)
Beijingers who shop for a car increasingly find themselves SOL. Dealers report a shortage of cars. Especially scarce: inventories of Volkswagens, China’s largest passenger car brand. “I have to turn to another auto brand for not being able to get a single car of Volkswagen’s for five months,” a customer named Li Guang complained to China’s Global Times. The paper reports delivery times of 3 months for China-made Polos, Sagitars (formerly known as Jetta) and Magotan (known as the Passat B6 in other countries.) Now, Beijing’s car dealers are pouring more oil on the fire. The rumor mill is ablaze with talk that Volkswagen might postpone its car supply to Beijing’s auto market for January next year, because Beijing might launch new car registration limit policies at that time. The result? (Read More…)
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