Posted by Mark
Among U.S. automakers, no company has as large a market share in China as General Motors. Automotive News reports that GM’s market position in China is very solid, buoyed by a 9.4 percent share of all passenger vehicles sold there over the first 11 months of 2010. That figure reflects a 9 percent increase over Read on! →
The Guardian reports that Volkswagen AG CEO Martin Winterkorn nearly doubled his pay last year, to $23.1 million in salary, bonuses and profit incentives. Experts within the automotive industry use many arguments to justify CEO salary levels in excess of $10 million. In the case of Winterkorn, these same experts point to the fact that Read on! →
The automotive wing of German holding company Porsche Automobil Holding SE is poised for a big sales year in 2012. According to the brand’s top sales and marketing executive Bernhard Maier, Porsche Zwischenholding GmbH expects significant growth in new car sales in 2012. That growth will be only partially dependent upon sales from Volkswagen AG, Read on! →
Contrary to a report published Friday in the German magazine Der Spiegel, Audi claims it is not planning to build its new North American assembly plant in Mexico. According to Automotive News, Audi leadership has denied that parent company Volkswagen AG has already selected Mexico to produce its premium brand of automobiles, including the 2013 Read on! →