Word: volkswagen
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...Even when it works, a scrapping scheme won't guarantee that the money will go to domestic carmakers. In Germany, sales of the Volkswagen Polo and Opel Corsa have been boosted by the government's initiative, but a surge in orders for Italy's Fiat and Renault of France means "two-thirds of the additional sales are imported cars," says Ferdinand Dudenhöffer, an auto-industry expert at the University of Duisburg-Essen. "And most of the German cars which are booming are at least partly produced elsewhere...
...gunman didn't stop there. Kretschmer, who graduated from the school a year ago, fled on foot and headed toward central Winnenden. Along the way he shot a pedestrian - an employee of a near-by psychiatric clinic - before hijacking a green Volkswagen Sharan along with its terrified owner. Threatened at gunpoint, the driver, 41, turned his vehicle towards Stuttgart. But heavy traffic made the murderer worried and so they turned back again. After a wild trip down country roads, the car crashed into a roadside ditch on the Autobahn entry ramp near the town of Wendlingen am Neckar, some...
...Carmakers, including foreign nameplates such as Toyota, Nissan, Volkswagen and BMW, argue that the goals embedded in the California regulations are basically unattainable under current conditions, which include a severe shortage of cash for innovation and research. "This is the worst auto market since World War II," says Julie Becker of the Alliance For Automobile Manufacturers, representing both foreign and domestic nameplates. Adds Eric Fedewa, vice president at CSM Worldwide, a forecasting firm based in Northville, Mi.: "Our analysis suggests that allowing California and other states to regulate CO2 emissions, and thus fuel economy, will further damage companies that...
Remember the Volkswagen Scirocco? Didn't think so. Ever go out of your way to shop for Xylitol? Not lately, right? And it's a pretty safe bet you don't know too many people named Eleutheria...
Such optimism can be found elsewhere. The Kaluga region, to which Lyudinovo belongs, continues to draw in foreign investors, including automakers. Volkswagen has invested about $350 million in an assembly plant and is producing about 320 cars per day. Peugeot is not far behind. Dietmar Korzekwa, VW's group representative for Russia, says the automaker is continuing with its current growth plans. In part, VW is betting that if the Kremlin raises import taxes on autos, as it has suggested it might, it will become more advantageous to manufacture in Russia...