The Germans ended the acquisition of majority stake in lItaldesign Giugiaro S.p.A. (IDG).
VW Group HQ announced that they now own the rights to the trademark and all patents of lItaldesign Giugiaro SpA (IDG). The Group owns a 90.1% stake in Italian design studio and the remaining 9.9 percent are owned by Giugiaro.
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RSL unveiled a new tuning package intended for facelifted Volkswagen T5.
German magazine Focus published the first official pictures of the new generation of Volkswagen Caddy.
The premiere of this car to the public will be the end of September, during the Paris Motor Show. Immediately after that, in October sales will begin.
The appearance of the Volkswagen Caddy is shaped in the new corporate style of the German mark. Appeared to be characteristic radiator grille with two horizontal chrome strips. Headlights are angular and elongated in the front mudguard, as similar to those in the Golf VI.
For second consecutive year a jury of 65 automotive journalists from 32 countries declared “Best Engine of 2010″ the petrol 1.4 TSI engine (with a mechanical compressor and turbine) of Volkswagen.
Apart from the winner, this engine is number one in its category for engines from 1.0 to 1.4 liters.
Three highest awards given and the engines of the company BMW. These are two diesel bi-turbo engine, which took first in the categories of volume 1.8 to 2.0 liters and 2.5 to 3.0 liters. The third driver of the Bavarian company that has a winner in its category is 4.0 with eight cylinders, which leads the category from 4.0 to 5.0 liters.
Volkswagen began building a new factory in China with a capacity of 300,000 cars per year.
The factory will be in the city of Foshan in the province of Guangzhou in southern China. This will be the tenth factory in China at VW in partnership with Chinese company FAW.
The new factory will start production in 2013.
“China has become the largest and most important market for Volkswagen Group”, said Martin Vinterkorn, president of the board of Volkswagen. He added that total investment group in China by 2012 will increase to 6 billion euros.
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Volkswagen intends to buy a controlling stake of the Italian design studio Italdesign Giugiaro. According to the publication of Automotive News Europe, the deal will officially be announced next week. So far, representatives of both companies refuse to give any statement.
Buying Giugiaro studio is associated with the German group plans to achieve growth in sales of its models to 10 million per year to 2018. To achieve that the Volkswagen Group plans to release a dozen new models but they need new designers and fresh ideas.
The new version of the sedan Polo, developed for the Indian market, will be called Vento.
The information comes from the Indian version of the magazine Autocar. It says that manufacturer will increase the distance between the axes of the new Polo by 50 mm to make the sedan version and ensure enough space for heads and legs of five passengers.
Recently Volkswagen purchased a 19.9-percent share of Suzuki which make them the largest shareholder in the Japanese company. Not expected, however, over the next few years, the German carmaker is about to increase the already acquired shares.
Suzuki considered that 19.9% will be sufficient for both companies to share technology for the production of small cars and diesel units. On this occasion, the Japanese are not willing to further strengthen its interaction with Volkswagen.
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Get a quick look at the new VW Blue Sport in high definition HD introduced at the Detroit International Auto Show.
The Germans plan to double their sales growth in the U.S. by 2-3 years.
“We will sell at around 400 000-450 000 cars a year over the 2012-2013″ said Stefan Jacoby, president of Volkswagen of America.
Jacoby’s optimistic forecast includes jump by about 40 percent in sales of new cars in the U.S. over the next few years.
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