Word: microbuses
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...Cadillac and Infiniti. And a loaded Phaeton, a sedan that cost more than $900 million to develop, will have a sticker price north of $85,000 when it hits U.S. dealerships in December. VW plans to launch dozens of new models over the next two years, including a new Microbus, smaller SUVs and crossover vehicles, and is considering a sexy convertible, the Concept R, which Pischetsrieder unveiled at the Frankfurt Auto Show in September. VW's new Golf, expected to hit North America in 2005, has received early positive reviews in Europe and should bolster profitability thanks to lower manufacturing...
...profit in hot segments such as SUVs and MPVs - a trend it was slow to pick up on - and hedge against downturns in other segments. Continuing down the road paved by his predecessor, Pischetsrieder plans to launch dozens of new models over the next two years, including a new Microbus, smaller SUVs and crossover vehicles and, maybe, a sexy convertible, the Concept R, which he unveiled at the Frankfurt Auto Show in September. VW's new Golf, rolling into European dealerships now amid positive reviews, should bolster profitability thanks to lower manufacturing costs...
...says Commerzbank analyst Robert Ashton, adding that Pischetsrieder may actually be trying to sell off VW's own minuscule truck operation, which made just 19,000 vehicles last year, compared to DaimlerChrysler's 222,000. Then we'd have to mourn the passing of yet another VW icon: the microbus. Gunning For Oil A raid by armed, masked police on the headquarters of Russia's giant Yukos oil corporation last week escalated the standoff between the Kremlin and Yukos owner Mikhail Khodorkovsky, Russia's richest man. His problems started when a senior associate, Platon Lebedev, was accused of the fraudulent...
...spoof of the '60s spy genre. "All of us grew up around the same time," says Carter. "We loved Wild Wild West, Mission: Impossible, The Man from U.N.C.L.E." The Gunmen are a good bit closer to Maxwell Smart than Napoleon Solo as they drive a beat-up VW microbus and stumble onto government cover-ups and corporate conspiracies...
...American roads these days the fixation is on brawn and horsepower: trucks now outsell cars, and minivans and sport-utility vehicles lug the family around. (By the way, where's the New Age VW Microbus?) VW tried to cover itself by putting its tiny new number on steroids, offering the front-wheel-drive Beetle with a V-6 engine producing 150 h.p.--more than double the horses of the original. That may help some. But General Motors chairman John F. Smith declares, "Little cars don't sell here anymore. They're gone. The small car in America has disappeared. They...