Volkswagen Plans to Expand SUV Offerings to Gain Ground in U.S.

Volkswagen AG plans to expand its portfolio of sport-utility vehicles to gain ground in the U.S. on Toyota Motor Corp. and General Motors Co.

“We will be looking to really grow, particularly in the compact SUV segment,” VW’s U.S. chief Jonathan Browning said in a phone interview yesterday from the unit’s headquarters in Herndon, Virginia. “Over time, I think there’s also scope for growth in terms of a larger SUV within the portfolio.”

VW, Europe’s largest carmaker, currently has two SUV models, the full-size Touareg and compact Tiguan. VW sold 20,946 Tiguans in the U.S. in 2010 and 4,713 Touaregs. Carmakers delivered 3.3 million SUVs in the world’s second-largest auto market last year, 29 percent of all vehicles sold in the U.S. Honda’s CR-V model was the most popular, generating sales of 203,714, according to Ivan Drury, an analyst at Edmunds.com.

VW aims to triple U.S. sales to 1 million vehicles by 2018, with the Audi luxury unit making up 20 percent of the total, as part of an effort to overtake Toyota as the world’s largest automaker. VW will open a factory in Chattanooga, Tennessee, by April and start delivering a new mid-sized sedan built at the plant in the third quarter, Browning said.

I also recommend this article  How to minimize fuel consumption? How to save money through fuel-efficient driving?

VW’s preferred shares rose as much as 1.60 euros, or 1.3 percent, to 127.35 euros and were up 0.4 percent as of 3:05 p.m. in Frankfurt. The stock, which has more than doubled since the beginning of 2007, gained 86 percent last year, the best performance in Germany’s benchmark DAX index.

Read more about Volkswagen’s plan!

(Visited 3 times, 1 visits today)



Download the Car Rescue Book







Browse our latest car database to discover more cars                    


Articles from the main page



Browse the latest new cars


Discover the latest new cars

33,16,0,100,2
600,500,60,0,0,5000,250,0
90,300,0,50,12,25,60,2,70,12,1,30,2,0,1,0
The world’s most popular roadster, the Mazda MX-5, has a whole new look. After 25 years and over 947,00 sales worldwide, the new fourth-generation 2014 Mazda MX-5 (known as the Mazda Miata in the US) has finally been revealed. The MX-5 is one of Mazda’s most iconic models
All-new Mazda MX-5 Roaster
The centrepiece of the Mercedes-AMG GT, the new 4.0-litre V8 biturbo, responds instantly with extreme power right from low revs and delivers outstanding performance.
The new Mercedes-AMG GT
The Alfa Romeo has become synonymous with style. Many people crave the look of an Alfa. However, this car is not a one trick pony. It performs as well as it looks. For many, they feel that they have to compromise style over speed. With an Alfa, this is simply not the case.
The Classic Alfa Romeo Montreal: Is it Worth the Hype?


Sport car of the month


Discover All-new Jaguar F-Type Coupe & R



ENTERTAINMENT

All-new Jaguar F-Type Coupe & R



5-liter supercharged V8 engine and will reach 60 mph in 4.0 seconds, and a top speed of 186 mph (electronically limited)2. The F-TYPE S Coupe and F-TYPE Coupe are powered by 3-liter supercharged V6 engines in 380hp and 340hp forms respectively, giving 0-60 mph in 4.8/5.1 seconds and top speeds of 171/161 mph2.

The F-TYPE Coupe visual message is defined by three key ‘heart lines’, that visual message beginning with the formidable grille. It is from the twin ‘shark gill’ openings that sit either side of the grille that the essential first heart line – which mirrors the design of the F-TYPE Convertible – flows and begins to take shape. Running up through the headlamp, and accentuated by the LED ‘J blade’ signature running lamps, the line then arcs up over the front wheel arch before dropping elegantly as it runs through the door, washing out into the muscular rear haunch.

The second heart line begins at the rear edge of the door, swelling outwards and upwards to create a visually strong wheel arch, emphasizing the car’s rear-wheel drive layout, before dropping vertically through the tail lamp ...





Auto Mechanic Advice


Advice from experienced mechanics from several fields!






Auto Speed Market is a car blog with the latest automotive, F1 and car news. Auto Speed Market is trying to provide extra
information to car enthusiasts, will be presenting new cars and concepts, prices and statistics of the automotive world.
Auto Speed Market also offer tips for buying a new car or second hand vehicle.


To reach us, please complete the form contact us.