Volkswagen: Sales, Marketing, and Financial News
#161
Fahrvergnügen'd
I think there's a town that owns 20% of Volkswagen (or something like that) so they'd be a major stakeholder in any takeover by Porsche.
Pretty amazing that Porsche can essentially produce one model of car for 30+ years and buy a conglomerate like VW.
Pretty amazing that Porsche can essentially produce one model of car for 30+ years and buy a conglomerate like VW.
#162
The sizzle in the Steak
Volkswagen surpasses Ford for No. 3 sales spot
Volkswagen surpasses Ford for No. 3 sales spot
leftlanenews
Volkswagen displaced Ford as the world’s third-largest automaker in the first half of this year, data released this week shows. Ford ceded its number-two spot to Toyota in 2003, and it looks like the American automaker will probably be relegated to fourth by the end of 2008. VW Group sales roles 7.2 percent to 3.31 million vehicles so far this year. Meanwhile, Ford sales dropped 11 percent to 3.09 million units.
With gas prices soaring and consumers continuing to shun the Detroit Three, it’s no surprise Ford’s sales continue to fall. Also impacting the overall figure is the recent sale of Jaguar and Land Rover to Tata Motors. Accordingly, the two brands no longer count toward Ford’s overall sales tally. But with overall sales of the British luxury brands under 300,000 units per year, they would not have contributed enough to enable Ford to keep its position.
Flush with a number of successful brands, Volkswagen seems on track for continued success. In addition to its namesake brand, VW Group marques include Audi, Bentley, Lamborghini, Bugatti, Seat, and Skoda.
With gas prices soaring and consumers continuing to shun the Detroit Three, it’s no surprise Ford’s sales continue to fall. Also impacting the overall figure is the recent sale of Jaguar and Land Rover to Tata Motors. Accordingly, the two brands no longer count toward Ford’s overall sales tally. But with overall sales of the British luxury brands under 300,000 units per year, they would not have contributed enough to enable Ford to keep its position.
Flush with a number of successful brands, Volkswagen seems on track for continued success. In addition to its namesake brand, VW Group marques include Audi, Bentley, Lamborghini, Bugatti, Seat, and Skoda.
#164
The sizzle in the Steak
oh how the mighty have fallen.....
#166
The sizzle in the Steak
Originally Posted by charliemike
Volkswagen sold just 230,000 cars in the United States last year.
If they could fix their US market sales they would be kicking Toyota's ass.
If they could fix their US market sales they would be kicking Toyota's ass.
#169
I drive a Subata.
iTrader: (1)
I'm not surprised either. VW has many small sized vehicles that get fairly well gas mileages. Also, their well known diesel engines on most of their line ups are producing great numbers. VW is in a good position at this point.
btw, what an excellent line up of brands..
VW Group marques include Audi, Bentley, Lamborghini, Bugatti, Seat, and Skoda
#170
Originally Posted by Moog-Type-S
Hence all the new product coming stateside...no?
#172
The sizzle in the Steak
Volkswagen: Growth news **Outsells Toyota in Q1 2009 (page 1)**
VW overtakes Ford as 3rd-largest automaker
LLN
In the first half of 2008, Germany’s Volkswagen over took Ford as the world’s third largest carmaker in terms of vehicle sales. VW’s sales to dealers rose 7.2 percent to 3.31 million vehicles, whereas Ford’s sales were at 3.22 million.
Ford’s figures also include about 125,000 Land Rover and Jaguar sales up until those two automakers were sold to Tata Motors in early June.
It’s worth noting that the automakers reported sales to dealers - wholesale sales - which can sometimes be a little tough to read as automakers will occasionally push more vehicles on dealers than they can realistically sell to customers. Ford only uses wholesale figures, whereas Volkswagen also reported actual retail sales for the same period of 3.27 million vehicles, according to Reuters.
Regardless, the figures indicate both Ford’s difficulties and Volkswagen’s recent successes.
Ford’s figures also include about 125,000 Land Rover and Jaguar sales up until those two automakers were sold to Tata Motors in early June.
It’s worth noting that the automakers reported sales to dealers - wholesale sales - which can sometimes be a little tough to read as automakers will occasionally push more vehicles on dealers than they can realistically sell to customers. Ford only uses wholesale figures, whereas Volkswagen also reported actual retail sales for the same period of 3.27 million vehicles, according to Reuters.
Regardless, the figures indicate both Ford’s difficulties and Volkswagen’s recent successes.
#175
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Can this be attributed similarly to Honda's recent successes? In other words, being at the right place, at the right time, with a fleet of smaller and more fuel efficient passenger vehicles.
With companies like Audi, Seat, Skoda, Bentley, Bugatti, and Lamborghini, VW probably has the best portfolio out of all the companies, if not the most interesting.
With companies like Audi, Seat, Skoda, Bentley, Bugatti, and Lamborghini, VW probably has the best portfolio out of all the companies, if not the most interesting.
#176
Some dude
Sometimes I forget VW owns Bentley, Bugatti, and Lamborghini and that Porsche owns part of VW.
#177
Moderator Alumnus
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VW and Audi have been doing great lately. In Europe on the things that really helped them was the TSi line of engines. Tons of torque from small 1.4 liter engines. It was one of their strongest competitive advantages over the rest of the manufacturers.
#180
The sizzle in the Steak
Volkswagen = Sales Juggernaut
VW still expects to reach sales goals, expected to report Q3 profit
LLN
Despite hardships encountered throughout the auto industry this season, Volkswagen has remained a relative bright spot, according to company CEO Martin Winterkorn. Speaking to Tennessee civic and business leaders gatheredin Germany to discuss Volkswagen’s upcoming Chattanooga, Tennessee, assembly plant, Winterkorn stated that his company expects to sell more cars in 2008 than it did in 2007.
Volkswagen moved 6.2 million units in 2007, a 4 percent increase from the year before, and the automaker expects to improve upon that figure by the end of 2008. Volkswagen’s sales figures include VW, Audi, Lamborghini, Bentley, Bugatti, Seat and Skoda.
“The world economy is going through tough times,” Martin Winterkorn told the Associated Press earlier today. “We don’t know the full impact on our business yet, but VW is doing better than the competition so far.”
However, echoing sentiments shared across the industry, Winterkorn added, “2009 will be difficult for the entire industry.”
Volkswagen moved 6.2 million units in 2007, a 4 percent increase from the year before, and the automaker expects to improve upon that figure by the end of 2008. Volkswagen’s sales figures include VW, Audi, Lamborghini, Bentley, Bugatti, Seat and Skoda.
“The world economy is going through tough times,” Martin Winterkorn told the Associated Press earlier today. “We don’t know the full impact on our business yet, but VW is doing better than the competition so far.”
However, echoing sentiments shared across the industry, Winterkorn added, “2009 will be difficult for the entire industry.”
#181
Safety Car
mindboggling that so much credit is given to a car company that had an increase of sales from the previous year.
truly lets you take a couple steps back and take a look at the current status of this industry.
truly lets you take a couple steps back and take a look at the current status of this industry.
#182
_____ like a rabbit
#183
The sizzle in the Steak
#184
Safety Car
i meant credit as in respect, not a credit as in a bank loan.
it is a mindboggling concept that we give so much respect to an automaker that did NOT lose sales as of lately...
get it?
it is a mindboggling concept that we give so much respect to an automaker that did NOT lose sales as of lately...
get it?
#185
The sizzle in the Steak
^^ ok...better.
...but yea....give VW their props....they are increasing in sales in a market where pretty much everyone else is losing sales.....and some makers are looking to merge with others.
It's quite an achievement.
...but yea....give VW their props....they are increasing in sales in a market where pretty much everyone else is losing sales.....and some makers are looking to merge with others.
It's quite an achievement.
#186
I feel the need...
I'll admit the CC looks pretty sharp, a poor man's CLS. Too bad their reliability scores are still for shit. I wouldn't touch one unless it was a lease.
#187
Safety Car
dead-on.
im not touching ANY finance structure payment for any car, unless it's an american, but thats a non-issue. let the credit crunch affect the corporations, not your pocket. we are the consumers, take advantage.
im not touching ANY finance structure payment for any car, unless it's an american, but thats a non-issue. let the credit crunch affect the corporations, not your pocket. we are the consumers, take advantage.
#188
_____ like a rabbit
wait i still dont get it. Its weird that respect is given to a company has not only not lost sales but improved them especially considering the economic climate?
#190
The sizzle in the Steak
#193
VW is trash. their cars are like Christmas trees inside, every light comes on and you can't get rid of them. i guess that's whats happens when you leave it up to Mexico to make your cars
#194
Go Giants
Plus all these women are having babies to buy one...
#196
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VW shares up 80 percent over plans for increased investment from Porsche!
I just saw this on my LLN. Had to look it up to believe it!
http://www.leftlanenews.com/vw-share...m-porsche.html
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VW shares up 80 percent over plans for increased investment from Porsche
Volkswagen’s stock is up nearly 80 percent today thanks to Porsche’s announcement that it plans to increase investment in the automaker from 42.6 percent to 75 percent by the end of 2009. Porsche Automobil Holding SE announced yesterday that it had increased its share in Volkswagen to 42.6 percent.
“The goal remains, as long as the financial conditions are right, to increase [the stake] to 75 percent in 2009 and clear the way for a controlling stake,” Porsche said yesterday in a press release.
The deal is certain to raise objections from the German state of Lower Saxony, which owns just greater than 20 percent of Volkswagen. The European Union is pushing to overturn the law that allows the state to have a blocking right.
Volkswagen’s stock is up nearly 80 percent today thanks to Porsche’s announcement that it plans to increase investment in the automaker from 42.6 percent to 75 percent by the end of 2009. Porsche Automobil Holding SE announced yesterday that it had increased its share in Volkswagen to 42.6 percent.
“The goal remains, as long as the financial conditions are right, to increase [the stake] to 75 percent in 2009 and clear the way for a controlling stake,” Porsche said yesterday in a press release.
The deal is certain to raise objections from the German state of Lower Saxony, which owns just greater than 20 percent of Volkswagen. The European Union is pushing to overturn the law that allows the state to have a blocking right.
#197
The sizzle in the Steak
VW shares up 80 percent over plans for increased investment from Porsche
VW shares up 80 percent over plans for increased investment from Porsche
http://www.leftlanenews.com/vw-share...tml#more-10843
Volkswagen’s stock is up nearly 80 percent today thanks to Porsche’s announcement that it plans to increase investment in the automaker from 42.6 percent to 75 percent by the end of 2009. Porsche Automobil Holding SE announced yesterday that it had increased its share in Volkswagen to 42.6 percent.
“The goal remains, as long as the financial conditions are right, to increase [the stake] to 75 percent in 2009 and clear the way for a controlling stake,” Porsche said yesterday in a press release.
The deal is certain to raise objections from the German state of Lower Saxony, which owns just greater than 20 percent of Volkswagen. The European Union is pushing to overturn the law that allows the state to have a blocking right.
“The goal remains, as long as the financial conditions are right, to increase [the stake] to 75 percent in 2009 and clear the way for a controlling stake,” Porsche said yesterday in a press release.
The deal is certain to raise objections from the German state of Lower Saxony, which owns just greater than 20 percent of Volkswagen. The European Union is pushing to overturn the law that allows the state to have a blocking right.
#198
The sizzle in the Steak
It's pretty insane...to say the least. +80%?!?!?!?!?!?!
WOW!
...and I sorta reposted this in the VW sales thread.
WOW!
...and I sorta reposted this in the VW sales thread.