Archive for 'Volkswagen'

Volkswagen to invest $29.55 billion between 2010 and 2012

Volkswagen AG is planning to invest an automotive capital expenditure of around 19.9 billion euros ($29.55 billion) between 2010 and 2012. The German automaker said that an estimated 13.3 billion euros of the total investment will go into property, plant and equipment and will help modernize and expand the company’s product range.
“In the area of powertrains, [...]

Continue Reading

Volkswagen confirms acquisition of Karmann, will build new model at German plant

Volkswagen’s Supervisory Board  confirmed today that it will buy land, machinery and equipment formerly belonging to Karmann at its Osnabrueck, Germany. Volkswagen said that it will build a new vehicle in Osnabrueck in 2011 but did not specify what the new car would be.
“Volkswagen will begin vehicle production in Osnabrück in 2011,” Volkswagen said in [...]

Continue Reading

According to Chattanoogan.com, Volkswagen has received 65,000 applications for about 2,000 positions for its new plant in Chattanooga, Tennessee. Volkswagen of America accepted applications for about three weeks.
Volkswagen plans to kick off production of a new mid-size sedan at Chattanooga in 2011. The automaker has yet to decided on the official name of the sedan, which will [...]

Continue Reading

Volkswagen Amarok becomes official vehicle of 2010 Dakar Rally

The new Volkswagen Amarok pickup has been named the official vehicle of the 2010 Dakar Rally. Twenty units of the Volkswagen pickup will provide race support for the Rally’s organizer and 15 will be used to drive the press along the route.
“The Volkswagen Amarok is Volkswagen’s answer to the pickup and on the Dakar Rally [...]

Continue Reading

2011 Volkswagen Touareg coming to 2010 Detroit Auto Show with hybrid variant

At the 2010 Detroit Auto Show in January, Volkswagen will show the new 2011 Volkswagen Touareg. The lineup is reported to include a hybrid version of the SUV.
The Volkswagen Touareg V6 TSI Hybrid uses the German automakers BlueMotion Technologies that are mated to parallel hybrid system and a supercharged V6 TSI allowing the SUV to [...]

Continue Reading

Automobile names 2010 Volkswagen GTI its 2010 Automobile of the Year

The 2010 Volkswagen GTI has been named the 2010 Automobile of the Year by Automobile magazine.
The GTI was up against a very impressive lineup of test-vehicles including the 2010 Chevrolet Camaro SS, a 2010 Ford Mustang GT, a 2010 Porsche Panamera S, a 2010 Jaguar XFR, a 2009 BMW Z4, and a 2009 Porsche Cayman S.
“Remarkably [...]

Continue Reading

Report: Volkswagen passes Toyota as world’s largest manufacturer

The United Kingdom’s Guardian newspaper reports IHS Global Insight figures as indicating that Volkswagen Group has surpassed Toyota Motor Corp. this month as the world’s largest car manufacturer. Volkswagen (including Porsche AG, their recent acquisition) sold 4.4 million units this year, climbing past Toyota, which produced about 4 million units to date this year. This milestone is [...]

Continue Reading

2010 Volkswagen Jetta TDI Cup Street Edition coming to U.S. in 2010

Volkswagen of America announced today that the Jetta TDI Cup “Street” Edition will hit North American dealerships in January 2010. Like the TDI Cup race car, the “Street” Edition is equipped with the optional TDI Cup Edition Kit, which includes a new front bumper, side skirts and rear valance that are found on the TDI Cup race [...]

Continue Reading

Volkswagen releases sketch of new mid-size sedan for the U.S.

Volkswagen of America today released a sketch of its forthcoming new mid-size sedan, which will be produced at the company’s new plant in Chattanooga, TN. The sedan will be introduced to the market in late 2011. Volkswagen has yet to release the official name of the sedan, which will replace the Passat in the United States.
CEO [...]

Continue Reading

Report: Volkswagen to save Karmann from going bust

Volkswagen is planning to take over Germany’s coach building firm Karmann, brining the company back from the brink of bankruptcy. Karmann has undertaken many rolls from design to production for various automakers including Chrysler, Porsche and Volkswagen Group.
“Talks have been going on for some time, but there is no agreement yet on a price,” one of [...]

Continue Reading