Tag: Volkswagen

By on September 3, 2015

Volkswagen Wolfsburg

Porsche Automobil Holding SE announced Thursday that it would propose its CFO Hans Dieter Poetsch to succeed Berthold Huber as chairman of Volkswagen’s supervisory board. The proposal was supported by Volkswagen AG.

Huber was appointed interim chairman for the German automotive giant after Ferdinand Piech was ousted in a dustup among leadership.

The announcement comes only a few days after Volkswagen said it extended its contract with its current CEO, Martin Winterkorn, for two more years and effectively ending his bid to replace Piech. Winterkorn and Piech publicly feuded over VW’s direction, eventually leading to Piech’s surprise resignation as chairman in April.

As a member of the board of majority shareholder in VW’s parent company, Porsche SE, Piech voted alongside the rest of the board unanimously to approve Poetsch as proposed chairman.

(Read More…)

By on September 2, 2015

Martin Winterkorn in Shanghai - Picture courtesy Bertel Schmitt

Volkswagen will extend its contract with CEO Martin Winterkorn through 2018, Automotive News is reporting, but that two-year deal may make him too old to succeed the man he ousted, Ferdinand Piech, who left the company last year after clashing with Winterkorn. (Read More…)

By on September 1, 2015

2016 Audi Q3 Exterior-002

2016 Audi Q3 Prestige

2.0-liter, DOHC I-4, CVVT (200 horsepower @ 5,100-6,000 rpm; 207 lbs-ft @ 1,700-5,000 rpm)

6-speed Tiptronic automatic

20 city/28 highway/23 combined (EPA Rating, MPG)

20.2 mpg (Observed, MPG)

Tested Options: Prestige Trim, Quattro AWD, Sport Package

Base Price:
$34,625*
As Tested:

$42,175*

* Prices include $925 destination charge.

Audi’s Q3 isn’t a new vehicle by any stretch. It was first launched in 2011 but didn’t make it to America until the 2015 model year. That’s because the Q3 plays in a segment that’s new to us — the even-smaller compact luxury crossover. This form factor isn’t new to the rest of the world, but until Land Rover brought the Range Rover Evoque to America and BMW followed up with the X1, there wasn’t a real focus on small luxury soft-roaders.

With crossovers being the latest craze and every luxury brand looking to move down-market to capture fresh young buyers, it was only a matter of time till Mercedes and Audi joined the party with the GLA and the Q3. With a “low” $33,700 starting MSRP, the baby Audi is the more practical counterpart to Audi’s sharp-looking A3 sedan. Although CamCord shoppers have to give up a great deal of room to upgrade to the A3, the Q3 has the potential to be a more sensible option.

(Read More…)

By on August 30, 2015

Volkswagen and Suzuki agreed to establish a comprehensive partnership

Osamu Suzuki (middle right), chairman of Suzuki Motor Corporation, can finally celebrate his biggest win. After a failed alliance with Volkswagen put Suzuki — the chairman and company — on the back foot for almost four years, the International Court of Arbitration of the International Chamber of Commerce in London has decided in the Japanese company’s favor. Suzuki will purchase back their own stock from Volkswagen.

Suzuki received news of the ruling Saturday and filed the information with the Tokyo Stock Exchange on Sunday.

“It’s good that a resolution came. I feel refreshed. It’s like clearing a bone stuck in my throat,” said to reporters gathered at a news conference in Tokyo, reports Automotive News. “I’m very satisfied with the resolution. Through it, Suzuki was able to attain its biggest objective.”

(Read More…)

By on August 24, 2015

Come on Carlos, let’s hit up the Limeys for some money. Picture courtesy of motortrend.com

Markets around the world are down, down, down, down and down.

At the time of this writing, the Dow Jones Industrial Average is down roughly 650 points on Monday, which is more than 1,500 points off of where we were at the beginning of August. A lot of the run is fueled by fears that China is tapering off its growth (or they’ve been making it up for a while) and that Europe is tinkering on the brink of sinking into another recession. (Read More…)

By on August 17, 2015

audikey

Volkswagen has spent over two years trying to block the publication of a research paper which reveals a key hacking vulnerability in many of their models as well as thousands from other manufacturers. According to Bloomberg, a team of researchers discovered the vulnerability in 2012 and notified Volkswagen in May 2013. Instead of working with the researchers to resolve the issue, Volkswagen argued that the paper would increase the risk of theft and sued them to stop the publication. (Read More…)

By on August 13, 2015

03 Volkswagen Tiguan

Volkswagen may build a three-door version of its compact crossover to compete against the Mercedes-AMG GLA45 and Audi RS Q3 because hot hatches are now hot crossovers, Autocar (via AutoGuide) is reporting.

According to the report, the Tiguan R would be powered by the Golf R’s 300-horsepower turbocharged four. It could go on sale as early as 2018 in the UK. It’s unclear if it would go on sale in the U.S. around the same time. (Read More…)

By on August 7, 2015

2015 Volkswagen e-Golf 3

A lower priced e-Golf will directly compete with the Nissan Leaf for sub-$30,000 electric car buyers, the automaker announced Wednesday.

The e-Golf SE will start at $29,815, before federal and any available state incentives, which is nearly the same price as a Leaf S, Autoblog correctly pointed out. The e-Golf has a range of around 83 miles.

The Leaf has sold nearly 11,000 copies since the beginning of 2015.

(Read More…)

By on August 6, 2015

1. Shanghai Pudong street scene 7 Shanghai Pudong street scenes

After going through the most impressive Chinese carmakers at the Shanghai Auto Show, it’s time to go wandering the streets of Shanghai to share with you the most popular cars. The Shanghai automotive landscape is surprisingly easy to read with a few main trends on display.

(Read More…)

By on August 5, 2015

2013 Volkswagen Jetta Hybrid, Exterior, Front 3/4, Picture Courtesy of Alex L. Dykes

In a detailed report on the failed alliance between Suzuki and Volkswagen, Automotive News reports that the Japanese automaker wanted to re-badge and sell Volkswagen Jetta Hybrids in the U.S. before the company eventually decided to close up its local sales arm.

The report, which came out on Monday, is a play-by-play of what happened from the time Suzuki CEO Osamu Suzuki and Volkswagen AG CEO Martin Winterkorn first shook hands in 2009, to when Suzuki announced it was cutting its losses, up to today as the automakers struggle over VW’s 19.9-percent ownership of the Japanese automaker.

(Read More…)

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