Word: volkswagen
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...exemption that is already drawing fire is the so-called "German loophole," which allows automakers selling fewer than 400,000 vehicles in the U.S. to meet a weaker EPA standard. All the German automakers - Mercedes, BMW and Volkswagen - will qualify for the exemption as well as Mitsubishi, Subaru, Kia and more exotic brands such as Ferrari, Aston Martin, Jaguar and Land Rover...
Chrysler's performance last month was weak compared to that of the competition, as Toyota, Honda, Volkswagen and Ford Motor Co. all posted healthy sales increases, thanks to the Cash for Clunkers program, which boosted industry-wide sales to the highest level in more than a year. (See the most exciting cars...
Priority Lane It won't be an easy race for China to win. The Chinese auto industry is fractured and weak. The domestic market is dominated by foreign manufacturers such as GM (which is doing much better in Beijing than it is in Detroit) and Volkswagen. But the government in Beijing has made it very clear that it considers electric and plug-in vehicles a priority for Chinese companies, and it's willing to spend. The Chinese State Council announced in January that it would spend $1.6 billion over the next three years to develop alternative fuels, and there...
Chrysler's bankrupt, and Pontiac's going bye-bye. GM's on eBay, claims its Chevy Volt will get 230 m.p.g. and boasts that a $4,000 compact is in the works. Volkswagen is merging with Porsche. TV car guys with names like "Dealin' Doug" are screaming about incentives this and rebates that. And the government's porky cash-for-clunkers effort is ridin' herd on gas hogs...
...issues on the main stage, with German Chancellor Angela Merkel promising as much as $7 billion in badly needed state aid to Opel if Magna emerges victorious, another drama is developing behind the scenes. Some of Magna's biggest customers on both sides of the Atlantic, including Chrysler and Volkswagen, may decide to move future contracts with Magna to suppliers who are not in the business of selling cars. (Read "Merkel Saves Opel from GM's Fate...