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Volkswagen Posts

General Motors Company (GM) sold 9.71 million vehicles last year

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General Motors Company (NYSE:GM) has sold 9.71 million cars and trucks last year. This is a 4% increase from 2012. GM especially saw growth in China and the U.K. Based on these numbers, GM has surpassed third-place Volkswagen. Volkswagen sold 9.5 million light vehicles across the globe. Toyota will be releasing their numbers next week. In 2012, Toyota sold around 9.7 million cars and trucks. General Motors used to be the top selling car company for 7 decades until Toyota passed them in 2008.
[Source: HuffPo]

Volkswagen AG (VOW): Porsche Expected To Hit Profitability Growth Again Next Year

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Volkswagen AG (ETR:VOW) said that Porsche is planning to hit profit growth again next year once the Macan compact SUV and 918 Spyder hybrid hits the market.  Porsche is targeting an increase in earnings before interest and taxes next year after a jump in spending on new vehicles prevents operating profits from rising in 2013 said Porsche chief financial officer Lutz Meschke.
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Volkswagen AG (VOW) To Launch A New Clean Diesel Engine Next Year

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Volkswagen AG (ETR:VOW) has announced that they will be introducing a new clean diesel engine in 2014.  The new engine is called the EA288 and it will debut in the 2015 Beetle, Golf, Jetta, and Passat during the second half of 2014.  The new diesel engine ail replace current VW and Audi 2.0-liter diesel engines.
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WATCH: Volkswagen “Ski Mask” Ad

German automotive company Volkswagen has released this ad earlier this week of a guy walking into a store with a ski mask on.  Everyone in the store is scared of him, but it turns out that he actually is not a threat.  It turns out that the guy was wearing a mask because he was riding in a Volkswagen Beetle with the top down in the middle of the winter.  The ad even features the Trololo song in the background.  The ad was put together by Deutsch, a company known for putting together some of the best viral ads including many Super Bowl commercials. Check out the ad below:
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Ya Mon! Jamaican Accents Are The Highlight Of The Volkswagen Super Bowl Ad

Volkswagen has been on a roll when it comes to Super Bowl ads.  Everybody loved “The Force” and “The Dog Strikes Back.”  People are going to love this new Volkswagen ad that features a chipper guy from Minnesota with a Jamaican accent.  The guy is so happy and relaxed that everybody got in the Jamaican spirit including his boss.  “Chill, Winston!”  Check out the video below:
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The Volkswagen CrossBlue Hybrid Concept Hits 89 MPGe

At the 2013 Detroit Auto Show, Volkswagen unveiled the CrossBlue SUV hybrid concept intended for U.S. and Canadian markets.  The CrossBlue is a mid-size SUV concept that has VW’s TDI Clean Diesel engine with 2 electric motors, a DSG dual-clutch automatic transmission, and electric all-wheel-drive system.  The fuel economy rating is at 89 MPGe combined in electric mode.

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New York Supreme Court Justice Rules Porsche Must Face Lawsuit Over VW Shares

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Porsche SE will be required to face a lawsuit claiming that they hit its plan to corner the market in Volkswagen shares.  The ruling was made by New York State Supreme Court Justice Charles Edward Ramos.  The “core” issue of the claims is whether New York courts can hold a foreign entity responsible for fraudulent misrepresentations aimed at plaintiffs in the state.  There are 26 hedge funds involved in this case including Greenlight Capital Inc. and Glenhill Capital LP.  Porsche plans to appeal the decision.

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Audi Expected To Acquire Ducati For $1.1 Billion Tomorrow

It is rumored that Audi will be acquiring Ducati for $1.1 billion later this week. “Ducati is one of the finest machines you can buy but strategically it’s insignificant for Volkswagen,” stated HIS analyst Christoph Stuermer. “Its revenue is more than Lamborghini’s and Bugatti’s combined, but to the automotive operations, it’s a mere accessory.”
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