Of course, what is commonly referred to as the Chinese phoenix, the fenghuang, only distantly resembles the phoenix of the West. So, erudite reader, please forgive the amateurish use of the phoenix as a metaphor for what’s going on in China’s automotive sector. Mercedes, BMW, or Audi are all reporting very positive developments from the […]
As the German paper Handelsblatt reports, Volkswagen intends to increase it’s marketshare in India from currently less than 2 percent to about 10 percent. Ambitious plans, especially when one looks at the competitive environment. Although Volkswagen will be introducing the base model of its new Polo at just under 7,000 Euros, its competitors are still […]
Volkswagen just announced that it will acquire a 20 % stake in Suzuki of Japan. The move is expected mainly driven by VW’s intent to increase its presence in the Asian market for small trucks.
With the takeover of ailing GM subsidiary by the Austrian-Canadian conglomerate Magna still not being finali, dark clouds are gathering over Germany. Volkswagen-owned Porsche is said to rethink its contracts with Magna for the production of its prestige Boxster model starting in 2010. And also BMW is expressing concerns over its relationships with Magna. As […]