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VW Passat Will Bring 12,000 Jobs to U.S.

Passat will be major part of VW's plan to sell 800,000 cars in U.S. by 2018.

by on Jan.10, 2011

VW's new Passat is bigger and will start at less than $20,000. It will be built in Chattanooga, Tenn.

Volkswagen is making a $4 billion bet that building its new Passat in the U.S. will help the automaker drive its sales up to 800,000 per year in the U.S. market.

But it will also be a boost to the U.S. economy.  VW’s Ulrich Hackenberg said as the drapes were pulled off of the Passat at the Detroit auto show, that the car will create 2,000 direct jobs at its new plant in Chattanooga, Tenn. In addition, a study shows that it will create 10,000 jobs at suppliers, he said.

News from the North American International Auto Show!

VW has said that the U.S. version of the Passat has a more spacious interior than the European version that was introduced at last year’s Paris Auto Show. The U.S. version.

(Click here to read more about the 2012 Passat).

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Volkswagen Confirms Plans For Golf R

Compact performance model slated for early 2012 launch.

by on Dec.10, 2010

Volkswagen launches its new compact hot hatch, the Golf R32 in early 2012.

Volkswagen is adding a much-anticipated new performance car to its line-up, a version of its new compact model to be known as the Golf R.

The addition is designed to underscore VW’s traditional appeal to those who want affordable, sporty European alternatives to popular Japanese “rice burners,” such as the Subaru WRX STi.  The Golf R will be significantly more powerful than the German maker’s current performance model, the GTI, Volkswagen revealed.

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“The European Golf R is simply the most powerful Volkswagen sports performance vehicle ever built,” the maker said in confirming the plans, which call for a launch in the U.S. market early in 2012.

The Volkswagen Golf R will turn out 256 horsepower in U.S. trim, down from 270 horsepower and 258 lb-ft of torque with the European model.  That’s still a significant upgrade from the last compact performance model the maker offered, the R32.  The new R32, meanwhile, will be powered by a version of the current turbocharged 2.0-liter inline-four, rather than the older compact hatch’s V32 powertrain.

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Volkswagen Aiming To Topple Toyota

“Sights firmly set,” says CEO, as profits quintuple.

by on Nov.02, 2010

The success of the new Jetta could determine whether VW ousts Toyota as global sales chief.

Already having passed its Japanese rival on the bottom line, Volkswagen is taking aim at Toyota’s other crown, hoping to soon surpass it as the world’s best-selling automaker.

The German maker is rapidly moving to shore up global weak spots – like the United States – while pushing for fast growth in key emerging markets, such as China, where it maintains a modest lead over the former king-of-the-global-hill General Motors.

For many industry leaders, it’s more a question of when, rather than whether, VW will firmly land as global sales leader.

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The maker’s CEO Martin Winterkorn is certainly among those who believe it will happen, telling Bloomberg News, “The Volkswagen Group continues to have its sights firmly set on capturing pole position in the automotive industry.”

The maker is moving ahead with a 10-year plan, which began in 2008, calling for global domination.  But it has already achieved some of its goal for leadership, notably on the bottom line.  For the first nine months of 2010, VW profits quintupled, to $5.23 billion.

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