Posted: January 16th, 2014 | Author: Valerie Wing | Filed under: Grilled Auto News | Tags: Audi, Bentley, Bugatti, Car Sales, china, General Motors, GM China, Grilled Auto News, Lamborghini, Porsche, Volkswagen | Comments Off on Volkswagen Tops China Car Sales
VW are now the biggest automotive manufacturer in the world’s biggest automotive market, quite a contrast to their US operations where they skirt around the middle of the pack.
Volkswagen were once much-loved in the US for their quality, but have since seriously fallen out of favor.
Over in the Middle Kingdom VW’s pull on the Chinese public is immense, the German auto-makers offer stretches from the cheapest $US12,000 hatch to the $US175,000 Phaeton übersedan.
And it seems that anything with a VW badge riveted to the front and back panels seems to simply drive out the showroom doors.
Volkswagen sold 3.27 million vehicles in China last year, it’s closest rival, GM, sold 3.16 million cars, now the race is on for VW to become the world’s biggest automotive manufacturer, but for them to achieve that result they will need to improve the way the US market views them :: Read the full article »»»»
Posted: January 12th, 2012 | Author: M.Aaron Silverman | Filed under: Business News | Tags: australia, Auto Maker, Auto News, bailout, Business News, Co-Investment, Ford, Ford Australia, General Motors, General Motors Australia, gm, Grilled, Holden, Motoring News | Comments Off on The High Cost of Keeping Auto Makers Local
Australia: Sales of the Australian made large cars – Holden Commodore and Ford Falcon – have dropped alarmingly in recent years. The Commodore’s 15-year run as Australia’s best-selling vehicle was ended abruptly in 2011 by the Japanese manufactured Mazda3, while Ford Falcon sales plummeted to fewer than 19,000 units in 2011. So Exactly How Much Does it Cost to Keep Auto Makers in Australia? Between $100 and $200 Million!? Holden says it is getting closer to announcing co-investment from the Federal Government and parent company General Motors as it looks to secure the local manufacturing of the Cruze and Commodore beyond 2018. Ford has announced a fresh $103 million investment for it’s Falcon range of large car and Territory SUV, though the future of the Australian-built vehicles is still guaranteed only until the end of 2016. Australia’s Minister for Manufacturing, Kim Carr, and South Australian Premier Jay Weatherill have been in talks with GM at this week’s 2012 Detroit motor show as part of a political delegation seeking future support for the Australian car industry.State and federal governments could be forced to pay up to $200 million to keep Holden factories in Australia, a workforce analyst said. Both the federal and South Australian governments have indicated they will pay Holden’s parent company General Motors a “substantial sum” to prevent manufacturing from being moved offshore. Holden wasn’t able to announce its own confirmed co-investment strategy but the car maker’s managing director, Mike Devereux, said parties are working towards an agreement. Read the full article »»»»
Posted: January 12th, 2010 | Author: M.Aaron Silverman | Filed under: Business News | Tags: Auto News, Business News, General Motors | Comments Off on GM PROFIT PREDICTION
DETROIT: General Motors’ interim chief executive, Edward Whitacre, says he expects the government-owned automaker to be profitable in 2010 but that profits aren’t a prerequisite for a public stock offering, possibly before the end of the year.
In a Press Conference, Whitacre said GM is working to restore its reputation in Washington, acknowledging that last year’s $50 billion government bailout “left not a good taste in some people’s mouths.” The carmaker will also take another look at its advertising as it struggles to convince consumers to consider its core brands (Chevrolet, Cadillac, Buick and GMC). Read the full article »»»»