Word: volkswagen
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China has long had a reputation for disregarding copyrights on music and movies, which are openly peddled on bootleg discs in Chinese cities. But foreign industrial companies doing business in China also have to be diligent about protecting their branded products, as Volkswagen was reminded when some of its parts turned up in the Chery, a popular Chinese-made car. The Chery is part-owned by the Shanghai Automotive Industry Corp., which has a partnership with VW to assemble and market popular cars like the Polo and the Jetta. (SAIC says it bought the VW parts on the open market...
...from what I've seen there is a hell of a lot of room for that." Giancarlo Boschetti, Fiat Auto's new CEO, on turning around the struggling company "We had a little fight over some questions, for sure, but it was a nice fight." Bernd Leissner, Asia-Pacific Volkswagen president, on finding VW parts in cars made by a rival
...lifted by a 24 percent gain in sales of pickups, SUVs and minivans and suddenly the king of Detroit again, estimated that the industry's total U.S. sales would be up about 2.5 percent for the month. (Toyota, Honda and Volkswagen also posted inched-up U.S. sales numbers Wednesday.) That puts the industry on an annual U.S. sales pace of some 18 million vehicles, far stronger than originally estimated and enough - if they can keep it up - for carmakers to log one of the best U.S. sales years in history...
Chrysler and Volkswagen are also racing to produce convertible derivatives to bolster slowing sales of the PT Cruiser and New Beetle. "We're at the point where we need a spark in the lineup," says VW spokesman Tony Fouladpour. "It's a way to keep [up] interest in the car." It's also a way to jack up the price. The New Beetle convertible could hit $30,000, vs. about $20,000 for the standard model...
Lisa Diebold, 22, has two goals for her senior year at Syracuse University: "Learn how to drive a stick shift, and drink a guy under the table." The pert advertising major has nearly mastered her first objective. She now darts about the hilly campus in her white Volkswagen Golf. The second is giving her a bit more trouble. One Friday night, after drinking close to two pitchers of beer, she had a screaming fight with her boyfriend and put her fist through the rear window of her car. And then there are a handful of evenings she can recall only...