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Volkswagen & Suzuki – it’s handbags at dawn
Mon, 12 Sep 2011Volkswagen Suzuki Partnership - things aren't exactly rosy Back in 2009 Volkswagen invested a rather large chunk of change (around €2 billion) in Suzuki in exchange for a 20% stake in the Japanese car maker, and there were big hopes for advantages for both parties. Volkswagen were looking for a quick-fix route to the burgeoning car market in India, where Suzuki were doing very well, with sales in India last year of 1.13 million cars – almost half its production – in comparison to VW’s paltry sales of just 53,000. In return, Suzuki were expecting to get a quick route to cutting-edge hybrid and electric tech for their range, and access to VW’s engines.
Porsche considers North America, China production to grow sales
Mon, 17 Jan 2011Porsche may launch production in North America and China as part of a plan to double annual global sales to 200,000 units, CEO Matthias Mueller said. Mueller said the sports car maker's current German assembly plants in Zuffenhausen, near Stuttgart, and Leipzig, were too small for the brand to reach its ambitious goals. "We will consider this year whether to start production in Asia or North America," Mueller told the German magazine Focus in an interview published Monday.
2012 Volkswagen Beetle to launch with Black Turbo edition
Mon, 13 Jun 2011Volkswagen is borrowing a page from sister company Porsche and will turn to the color black to sex up the soon-to-arrive 2012 VW Beetle--and to draw attention to a preorder program launching this year. The Beetle Black Turbo edition follows in the lineage of Porsche 911s augmented with Black editions, and the VW will sticker for $25,720, including shipping. Power comes from a 2.0-liter four-cylinder rated at 200 hp and 207 lb-ft of torque, which is the same as the regular turbo Beetle--and VW's hot hatch, the GTI.