Filed under: China , Plants/Manufacturing , GM , Volkswagen China has reversed a policy that would have nixed incentives for investments from foreign automakers, paving the way for further expansion by General Motors , Volkswagen and others. Legislators had removed automotive manufacturing from the list of industries that would receive government support in the future, but foreign investment fell off significantly in April.
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China continues foreign automotive investment incentives after all
Filed under: Sedan , Hirings/Firings/Layoffs , Plants/Manufacturing , Volkswagen The redesigned Volkswagen Passat has been a decent seller since its debut in 2011, but sales have apparently dropped off enough that the automaker is trimming some of the employees from its Chattanooga, TN assembly plant. According to Automotive News , Volkswagen will be cutting shifts and laying off 500 contracted workers in response to slowing sales
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Volkswagen lays off 500 Chattanooga workers
Filed under: Hirings/Firings/Layoffs , Volkswagen , Earnings/Financials Volkswagen still has its eyes set on becoming the top global automaker by 2018, and to get there, it’s apparently going to need more boots on the ground.
Volkswagen to add 50k jobs by 2018
Filed under: Minivan/Van , Volkswagen America’s minivan wolfpack has just gotten smaller by one.
Filed under: Geneva Motor Show , Europe , Hatchback , Volkswagen The seventh-generation Volkswagen Golf just went on sale in Europe, but it is already off to a promising start. Announced as the Geneva Motor Show kicked off, the newest Golf was named European Car of the Year for 2013 in dominating style over cars like the Subaru BRZ / Toyota GT86 twins, Volvo V40 , Ford B-Max and Mercedes-Benz A-Class . According to Automotive News Europe , the MkVII Golf won handily over its rivals with a total of 414 votes.
Volkswagen Golf voted 2013 European Car of the Year
Filed under: GM , Mercedes-Benz , Volkswagen , Earnings/Financials Amidst slow auto sales in Europe, top executives at both Volkswagen and Daimler AG will be receiving pay cuts in 2013, which comes at the same time as conflicting reports of a possible pay increase for General Motors CEO Dan Akerson (right). According to Automotive News Europe , VW CEO Martin Winterkorn (center) and Daimler CEO Dieter Zetsche (left) are set to make less this year, but while a number of reports (including Automotive News ) suggested that GM has requested a pay increase for Akerson, a statement from GM provided to USA Today makes it clear a raise is not forthcoming. Winterkorn will take a of hit of three million euros (close to $4 million) but will still finish the year making almost $20 million.
Filed under: Car Buying , China , GM , Volkswagen Automotive News reports General Motors and Volkswagen will vie for the the sales title in China next year. Buyers in the country have been keen to snap up Audi sedans, and the cars’ popularity amongst Chinese bureaucrats has helped bolster Volkswagen in the region
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GM, Volkswagen face off for China sales title in 2013
Filed under: Minivan/Van , Plants/Manufacturing , Chrysler , Volkswagen Last week, we reported that production of the Chrysler -based Volkswagen Routan minivan had been halted since July, and its future seemed grim. It appears now that the Volkswagen minivan will live on, with production resuming in 2013.
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Volkswagen to resume Routan minivan production in 2013 after all
Filed under: Minivan/Van , Plants/Manufacturing , Volkswagen The Volkswagen Routan has quietly been out of production since July, but with a new three-row crossover on the way and a recent back -and- forth spat between Volkswagen executives and Sergio Marchionne of Fiat , it’s probable that the 2012 model year could be the last for this minivan. The current agreement for Chrysler to build the Routan in Windsor, Ontario lasts through 2014, but Automotive News is reporting that VW might be looking to renegotiate the deal early next year
Filed under: Car Buying , China , Europe , Chrysler , Honda , Toyota , Volkswagen , Fiat Automotive News has announced its annual list of Industry All-Stars. This year, the theme is apparently “success in the face of economic uncertainty,” or something of that liking. The list points to executives who have led their respective brands and automakers to positive sales in spite of the European financial crisis and slowing sales in China .
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Automotive News names its industry All-Stars