Word: carlies
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...still trails Toyota and GM in global car sales, but its Japanese and American rivals have been hit harder by weakened consumer demand. Global car sales fell 18% in the first half of 2009. But the decline at VW was modest, with car sales falling just 5% to 3.1 million vehicles. Toyota sold 3.56 million vehicles, a decline of 26% from a year ago. GM, hot on Toyota's heels as the U.S. car maker emerges from bankruptcy, sold 3.55 million vehicles worldwide, down 22%. "VW is in a very strong position and has managed to ride out the economic...
...Even so, it won't be easy for Winterkorn to deliver on his promise to make VW the world's biggest automaker by 2018. Winterkorn must defend VW's lead in China, which will soon become the largest car market in the world. According to IHS Global Insight, VW is now the largest manufacturer in China, with first half sales up 22.7% to 652,200 cars. But GM is rising fast in China, even as it struggles in the U.S., Europe and Latin America. (Read: "The Other...
...merger with Porsche could help VW in the U.S. While Porsche may be a niche sports car maker, it's better known stateside than VW's other premium brand Audi and could add to VW's sex appeal with brand-conscious U.S. consumers. "VW's image in the U.S. could benefit significantly from Porsche," says Jürgen Meyer, a fund manager with SEB Asset Management in Frankfurt. "Americans don't know Audi, but they know Porsche as a premium brand and that will rub off on VW. They could possibly use the Porsche brand name to create a group...
...with my young, hipster coworker), because I’m the youngest person in the company. When a seat opens up during rush hour on the Seoul Metro, the older men in suits stand by, and I only have to fight with the other young women in the car for it. When I go out with my Korean friends, the older ones take the lead and organize things while the rest of us sit back and relax...
Despite Thursday's ostensibly being a day of mourning, the mood on the streets was almost jubilant. A 2-year-old flashed the peace sign from a car on the jammed Haqqani Expressway. Groups of women waved green banners above their heads near Vanak Square. Protesters near Motahari Street, once they realized that nearby riot forces had been recalled to the massive Imam Khomeini Mosalla (mosque) prayer complex, burned tires and chanted all sorts of seditious phrases, including "Die Mojtaba" (a reference to the second son of Supreme Leader Ali Khamenei, thought by many to be groomed as his successor...