Cars
VW of America To Be Called VW Group of America
What’s in a name? Well, not that anyone cares but in the case of Volkswagen of America, it includes includes five distinct brands: Audi, Bentley, Bugatti, Lamborghini, and Volkswagen, as well as the related financial services functions of Audi Financial Services, Bentley Financial Services and Volkswagen Credit. So in order to reflect that fact, VW AG decided to change the name of its American spouse to Volkswagen Group of America. The change will be effective January 1. “Our company, like the entire Volkswagen Group, has grown dramatically since our formation in the United States in 1955. Our new corporate name allows our individual brands to flourish, while recognizing that we have a common support structure that gives us great strength as we face our competitors,†said Stefan Jacoby, President and Chief Executive Officer. “The new name Volkswagen Group of America reflects the much wider array of goods and services we now offer, and prepares us for even more activities in the future.â€
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Bailout Execs Criticized For Receiving Big Salaries, Some Claimed They Couldn't Survive With $500k…
On Tuesday, the Office of the Special Inspector General charged with auditing the government's Troubled Asset Relief Program (TARP), which bailed out among others General Motor and the Chrysler Group, came out with a report criticizing the U.S. government...
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Volkswagen Acquires 49.9% Stake In Porsche For €3.9 Billion
In a story that started out with Porsche trying to take over Volkswagen only to end up the other way around, VW made a significant step towards its plan to integrate the German sports car brand by announcing today that it acquired a 49.9% stake in Porsche...
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Auto News For Monday, June 15, 2015 - The Volkswagen Group Dissection
Here are the five must-read, must-watch auto news stories, reviews, and videos for Monday, June 15, 2015. INSIDE THE AUTO INDUSTRY We won’t know the full impact of how this will alter – or not alter – the way the Volkswagen Group...
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Vw 'rocco Follow-up
The Scirocco was here and gone. Kinda. We all want it, we were teased by it, and were told we wouldn't likely get it, and it's now confirmed we can't have it. At least as far as North America goes, Stefan Jacoby (US Volkswagen chief) says...
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Alarm! Yes To Phaeton, No To Scirocco?
Stefan Jacoby. Remember that name. I haven't met the man and likely won't, so I hope he won't take this personally. --- Umm... sir. Is 'sir' alright? OK then, Herr Jacoby it is. Maybe it's because you're new to North America,...
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