Volkswagen showcased three electric cars and a hybrid at a week-long workshop in Shanghai #8211; offering a glimpse of its strategy to introduce EVs to the world's largest car market.
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German supplier ZF projects sales of 1.1 billion euros ($1.3 billion) in China this year, up from 970 million euros in 2009. The chassis and driveline specialist expects to capitalize on the robust Chinese operations of Volkswagen, Daimler and BMW.
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The VW group is expanding in South Africa as part of its Strategy 2018. Following investment totalling around EUR500m (US$600m) there over the last four years, the company has announced a further EUR50m (US$60m) on modernising and expanding the press shop at its plant in Uitenhage, near Port Elizabeth. It has also opened a new EUR23m (US$27.6m) distribution centre near Pretoria.
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Volkswagen expects to significantly exceed last year's profits due to strong demand for group models in key markets western Europe, China and North America.
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It's official - just in case you were wondering (we were), the 2011 Volkswagen Jetta rolled out in style in the Big Apple this week is not the new, larger 'medium size' sedan destined for a brand-new assembly line in Chattanoga, Tennessee next year.
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Volkswagen's new Times Square star, the 2011 Jetta, is not the new car that will be built next year at the automaker's plant under construction near Chattanooga, Tennessee.
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Volkswagen said operating profit and deliveries may rise 'significantly' this year as demand increases in major markets and the euro's decline against the dollar helps sales abroad.
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Volkswagen said operating profit and deliveries may rise 'significantly' this year as demand increases in major markets and the euro's decline against the dollar helps sales abroad.
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Volkswagen sees the newest Jetta model bolstering U.S. sales of the car by as much as 25 percent by 2012, helping the automaker seize up to 4 percent of the U.S. auto market. Higher sales could boost the company's share to between 3.
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Volkswagen sees the newest Jetta model bolstering U.S. sales of the car by as much as 25 percent by 2012, helping the automaker seize up to 4 percent of the U.S. auto market. Higher sales could boost the company's U.S. share to between 3.
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Renault aims to build on the sales momentum of its new Megane range by launching a convertible version with new features to help the model compete better against rivals from Peugeot, Volkswagen and Ford.
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In News Brake: The 2011 Volkswagen Jetta is revealed, Les Richter is remembered, and BMW teases what could be an M3 . . . But Wait, There's More!
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Volkswagen has long marketed German engineering and decidedly European technology--think turbodiesels--in cars. But for 2011, the Jetta sedan goes in a different direction--a more American one.
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Volkswagen AG plans to cut the U.S. price and increase the size of the Jetta compact car, its best- selling model in the country, as the automaker seeks to almost double sales in the market by 2012. The revamped Jetta will be about 3.
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Today, Volkswagen is presenting - at Times Square in New York - an entirely new Jetta design. The model series has a global presence with 9.6 million units sold, and it has been a bestseller especially in the USA.
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Wolfsburg - The next generation CrossPolo is ready for new
adventures. After the Polo base version presented in 2009 and the Polo
BlueMotion (debut in 2010) with its superior and possibly recordbreaking fuel efficiency, and the Polo GTI that is also launching at this time, the CrossPolo now completes the series as a fourth model. With its refreshingly cheeky all-terrain look, unique world of colours and features, and a higher ride height (15 millimetre gain), the CrossPolo is very appealing as one of the most unconventional vehicles in its class.
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Volkswagen of America plans to pull the wraps off its bigger, more athletically-styled and lower-priced 2011 model-year Jetta at a press conference here tomorrow.
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A larger, more upscale version of the Volkswagen Jetta was revealed on Monday for the 2011 model year. It will start nicely loaded at about $16,000 when it arrives in October.
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