News Videos
International Edition


May 28, 2017

Breaking News, World News and Taiwan News.
About Us
Contact Us

VW invests to manufacture, market midsize SUV in US

DETROIT--Volkswagen plans to fill a big hole in its U.S. portfolio by launching a midsized sport utility vehicle in 2016 and will expand its manufacturing presence in the region, the German automaker said Sunday.

The new seven-seater is part of a US$7 billion investment in North American operations over the next five years, VW chief Martin Winterkorn said at a reception held on the eve of the Detroit auto show.

"The U.S. is a cornerstone of our 2018 strategy," Winterkorn told reporters.

"We have set our goal: Volkswagen group of America aims to sell one million Volkswagen and Audi cars per year in the U.S. by 2018," he added. "We are taking up the challenge with confidence, total commitment and the necessary staying power."

The largest European automaker had previously announced plans to invest US$5 billion by 2015. Winterkorn did not specify how the additional funds will be spent.

The VW group — which also includes the Audi, Porsche, Bentley, Bugatti and Lamborghini brands — has managed to nearly double its U.S. sales since 2008, setting a new record of 611,700 delivers in 2013.

But sales of the Volkswagen brand fell 6.9 percent in 2013 even as the market as a whole grew 7.6 percent. That led the overall automotive group's sales to trail the market, growing just 2.6 percent.

Analysts have cited the lack of a midsize sport utility as one of the reasons for the brand's failure to compete.

VW recently appointed Michael Horn as its new head of Volkswagen Group of America and Winterkorn expressed confidence in his ability to get the region back on track.

"We have a solid base to move on," he said of Horn.

Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive our promos
 Respond to this email
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   Terms of Use  |   Sitemap
  chinapost search