Tag Archive | "Volkswagen"

VW’s Audi beats Mercedes with record January sales


Audi outsold Mercedes-Benz in January as demand in China and the United States helped Volkswagen’s flagship division post record sales and analysts said the lead over its German rival may widen, reported Reuters.

Audi said on Monday sales rose 10 percent last month to 137,700 cars and sport-utility vehicles with the world’s two largest car markets and Germany all posting double-digit gains.

Audi sold 15 percent more vehicles in China, its No. 1 market, even though overall demand there is slowing, and managed 4.7 percent growth in Europe despite a 13 percent slide in Russia.

“We have made a good start to the year although global economic uncertainties remain considerable,” Audi sales chief Luca de Meo said, adding that January sales laid the ground for another increase in volumes this year.

With overhauls of its top-selling A4 saloon and the flagship Q7 SUV coming to dealerships this year, and more SUV offerings in the pipeline, Audi’s advantage over Mercedes may expand to 178,000 cars by 2020 from 136,000 last year, research firm IHS Automotive said.

By comparison, the gap between the top-selling luxury car maker BMW and Audi may widen to 92,000 vehicles from 69,000, IHS said, leaving the pecking order in the three-way German contest unchanged.

Audi said January sales benefited from strong momentum for the enhanced A3 compact series and the revamped TT sports car.

Mercedes last Friday posted record sales of 125,865 models in January, a 14 percent gain from a year earlier.

BMW is expected to publish its January deliveries later this week.

Posted in Auto Industry NewsComments Off on VW’s Audi beats Mercedes with record January sales

Volkswagen’s Audi to Step Up Investments in 2015-19 on Models, Plants


Volkswagen’s flagship Audi division is to increase spending on new models, plants and technology through 2019 to push its goal of surpassing German rival BMW as the world’s largest luxury-car manufacturer, reported Reuters.

Audi, which contributes 40 percent of operating profit at Europe’s biggest automotive group, said on Saturday it will push up investment in car-making operations by 2 billion euros ($2.44 billion) to a record 24 billion euros over the next five years.

Seventy percent of spending will be assigned to developing new models and technologies such as emission-cutting plug-in hybrid vehicles, Audi said. The brand is also working on purely electric cars to catch up with BMW (BMWG.DE) and Tesla Motors (TSLA.O).

More than half of the funds will be spent on Audi’s two German factories in Ingolstadt and Neckarsulm which accounted for half the carmaker’s nine-month output of 1.34 million autos, Audi said, confirming a Reuters story.

“We place top priority on sustainable growth,” Chief Executive Rupert Stadler said. “That’s why we are making large investments in the innovative areas of electric mobility, connectivity and lightweight construction.”

Audi, the world’s second biggest luxury automaker, is aiming to expand its model range to 60 from currently 50 by 2020 and is spending over 1 billion euros on new factories in Mexico and Brazil.

Ingolstadt-based Audi said on Saturday it will hire another 850 workers in Mexico next year where the Q5 sport-utility vehicle will be assembled from 2016.

Under its previous budget drawn up a year ago, Audi announced investments of 22 billion euros over the 2014-18 period. Parent VW in November unveiled auto investments of 85.6 billion euros through 2019, slightly more than a year earlier, even as the carmaker is pushing cost cuts at its core brand.

Posted in Auto Industry NewsComments Off on Volkswagen’s Audi to Step Up Investments in 2015-19 on Models, Plants

Volkswagen’s Audi Aims to Launch Two Electric Vehicles by 2018: CEO


Volkswagen’s premium Audi division aims to bring two purely electric vehicles to market by 2018 as it tries to catch up with rivals such as Tesla Motors and BMW, reported Reuters.

Audi’s Chief Executive Rupert Stadler told German daily Frankfurter Allgemeine Zeitung (FAZ) in an interview to be published on Saturday that the launch of an electric sports car and a sports activity vehicle (SAV) were under way.

An excerpt of the article was made available to Reuters on Friday.

The SAV would be a four-wheel drive with a range of more than 500 km (310 miles) per battery load, Stadler said.

He also told FAZ that Audi’s push to develop electronic drive and digital technologies would mean the division adding 2 billion euros ($2.4 billion) to its investments by 2019. Audi’s investment budget through 2018 amounts to 22 billion.

Posted in Auto Industry NewsComments Off on Volkswagen’s Audi Aims to Launch Two Electric Vehicles by 2018: CEO

Toyota Global Sales Rise 2.8% in Tight Race vs Volkswagen


Toyota Motor Corp. said global sales climbed 2.8 percent in the first nine months of this year as the carmaker battles Volkswagen AG for leadership, reported Bloomberg.

Worldwide deliveries for Toyota, including its Hino Motors Ltd. and Daihatsu Motor Co. units, climbed to 7.6 million vehicles through September, spokesman Dion Corbett said by phone. Volkswagen reported a 5.3 percent gain in sales to 7.4 million vehicles, excluding results for its two heavy-truck units.

The tight race between global giants is playing out as automakers, their customers and regulators contend with mounting recalls and rising scrutiny over the safety of vehicles. The industrywide struggle with defective cars poses risk to both Toyota and Volkswagen, which are benefiting from increasing demand in the China and U.S. markets.

“It’s a fantastic race, with their strengths coming in different parts of the world,” James Chao, a Shanghai-based director at IHS Automotive, said by phone. “You see the U.S. coming back quite strongly for Toyota, and then you see the great engine of growth for Volkswagen being China, which is continuing to perform.”

President Akio Toyoda told shareholders the company was “advancing into uncharted territory” in the annual report the Toyota City, Japan-based carmaker released last month. Toyoda, 58, noted the unprecedented milestone of selling more than 10 million vehicles worldwide last year, a mark both his company and Volkswagen are on pace to exceed again in 2014.

Record Sales

The industry is selling record numbers of vehicles globally as crises involving auto safety swirl. Air bags made by Takata Corp. are linked to at least four deaths and more than 30 injuries in the U.S. after the safety devices deployed with too much force, spraying metal shrapnel at occupants. U.S. authorities have begun an investigation and almost 8 million cars made by 10 automakers have been recalled to fix the hazard.

In the U.S., General Motors Co. (GM), the No. 3 automaker by worldwide deliveries, faces death claims that could rise into next year involving defective ignition switches. The Detroit-based company has confirmed 29 fatalities tied to the flaw, which it failed to fix after more than a decade.

Even with those concerns, GM sales rose 2 percent to 7.37 million vehicles during the year’s first nine months. The biggest U.S. automaker last week reported third-quarter profit that beat estimates as North American customers flocked to pickups and sport-utility vehicles and recall expenses ebbed.

Posted in Auto Industry NewsComments Off on Toyota Global Sales Rise 2.8% in Tight Race vs Volkswagen

Volkswagen Edges Out GM For No. 2 Spot in Global Sales


DETROIT, Mich. – Despite posting its strongest third quarter since 1980, General Motors appears to have given up its spot at second place in global sales to Volkswagen for the first nine months of 2014, reported Michigan Live.

GM’s global sales were up 2 percent to 7,371,743 vehicles through September, but VW said it sold 7.4 million cars during the same period, the Associated Press reports.

The AP notes that Toyota, which led all automakers after the first half of the year with nearly 5.1 million units sold, doesn’t plan to release its nine-month sales totals until later this month.

GM’s sales growth this year has been driven by increases in the U.S. and China, its two larges markets. In the third quarter, GM’s sales were up 8 percent in the U.S. and rose 14 percent in China.

Posted in Auto Industry NewsComments Off on Volkswagen Edges Out GM For No. 2 Spot in Global Sales

Volkswagen on Track for 10 million Vehicle Sales this Year: CEO


Germany automaker Volkswagen sold more than 7.5 million passenger cars and heavy trucks between January and September, Chief Executive Martin Winterkorn said on Wednesday at the Paris auto show, reported Reuters.

Eur‎ope’s largest automaker is “well on the way” to achieving a target of 10 million vehicle sales this year, four years earlier than originally planned, the CEO said at a group event on the eve of the Paris show.

Posted in Auto Industry NewsComments Off on Volkswagen on Track for 10 million Vehicle Sales this Year: CEO

Page 4 of 12« First...23456...10...Last »