Geneva – the volkswagen subsidiary audi now wants to gain ground on arch rivals BMW and mercedes with coupes as well. "With the new A5, we are once again occupying the exclusive coupe segment after eleven years", said the new audi boss rupert stadler on tuesday with the presentation of the vehicle on the geneva autosalon. Audi is currently the fastest-growing premium brand. "2007 we do not slacken our pace."
Geneva 2007: also at its 77. Motor show attracts the greatest attention in terms of circulation
In the first two months, audi increased the number of deliveries by nine percent to more than 144.000 vehicles. The ingolstadt carmaker thus continued its growth unabated. Last year, sales rose by a good 9 percent to 905 units for the first time.188 cars increased.
In view of the climate debate, audi also wants to offer more low-emission cars. The VW subsidiary wants to invest further in the development of alternative drives and fuels, said stadler. At the trade show, the company presented, among other things, an audi A3 TDI that consumes less than five liters of diesel fuel.
VW supervisory board commits to seat
Despite a significant drop in domestic demand, the Ingolstadt-based automaker was able to increase its sales to a new record level in February. Thanks to continued strong growth in China and the USA, the number of vehicles delivered last month increased by 9 percent year-on-year to 69.000 to. However, in germany, the main sales market, new car deliveries reportedly slumped by 9.8 percent to 16 percent as a result of the increase in value-added tax.400 percent, audi reported yesterday (Monday).
In the first two months, audi delivered almost 12 percent fewer models in Germany than in the same period of the previous year. China remained the most important export market in February, with sales soaring by 29 percent to 7200 units. Thanks to its new Q7 luxury SUV, the Ingolstadt-based company recorded even stronger growth in the USA, where total sales rose by 38 percent to 6,600. in the western european export market led by the uk and italy, audi sales improved by 11 percent to 66.200.
Group parent company volkswagen plans to invest five billion euros in the seat brand over the next ten years. The decision was made by the supervisory board, the group announced.
VW wants to grow again in china
VW wants to regain a fifth of the market in china
Volkswagen expects first-quarter sales growth in western europe to exceed the level of the market as a whole. This was stated by the Chief Representative for Group Sales, stefan jacoby.
volkswagen attributed the 7.6 percent increase in Group sales in the first two months of 2007 primarily to growth in asia. in china, however, volkswagen’s growth is slightly below the market average. "We are still losing slightly, but not as much as in the previous months", said jacoby.
Malaysian premier woos wolfsburg partner
Aim is to maintain market leadership in china. In the next two to three years, the market share is expected to return to around 20 percent. last year, volkswagen served 17 percent of the market in china.
growth through a joint venture is an option for volkswagen in another country: the malaysian automaker proton is continuing negotiations with volkswagen on a possible strategic alliance, malaysian prime minister abdullah ahmad badawi said in kuala lumpur on tuesday. Several media had previously reported that the talks had hit obstacles.
The head of PSA peugeot citroen, christian streiff, had said on Monday that he had broken off talks with proton. The Malaysian government, which holds 59 percent of proton, is currently looking for a strategic partner for the ailing carmaker. VW and PSA previously seen as most promising partners.
Spar-polo achieves 3.9 liters
economy polo gets 3.9 liters
With regard to the investment plan at seat, a spokesman said that volkswagen initially planned to invest around 480 million euros a year. The online edition of "auto motor und sport" magazine had reported 450 million in annual investment costs. The decision was taken by the VW supervisory Board at its meeting last Friday. this should put an end to speculation about a possible separation from seat.
Volkswagen committed itself to climate protection and fuel-efficient models at the motor show. VW is setting the pace in terms of climate protection and fuel economy, said group CEO martin winterkorn on tuesday at the presentation of the new polo blue motion. According to VW, the small car consumes only 3.9 liters per 100 kilometers and, with CO2 emissions of 102 grams per kilometer, is well below the EU limit of 130 grams by 2012.
With a price starting at 16.200 euros, the polo blue motion is also significantly cheaper than celebrated Japanese competitor models, said winterkorn, taking a side swipe at toyota’s prius hybrid model. In the mid-size segment, VW offers the passat blue motion as an "extremely economical model" to. According to VW, the car presented in Geneva consumes only 5.1 liters per 100 kilometers with an output of 105 hp. "as europe’s number one, we feel obliged to be number one in climate protection as well."
VW has a total of 78 models in its range that have a 5 in front of the decimal point in terms of fuel consumption, the group CEO stressed. VW also presented the golf variant as a new product in geneva. the group management had flown in wolfsburg Bundesliga star marcelinho and trainer klaus augenthaler especially for this presentation.
Porsche has a luxury problem
Porsche: capacity is the only problem
Business is booming at sports car manufacturer porsche despite the global climate debate. The order intake for the revised cayenne, for example, is "unbelievable" and ahead of plan, said porsche ceo wendelin wiedeking in geneva. "Our only problem is capacity." porsche intends to keep its stake in VW below 30 percent, wiedeking confirmed. "There are currently no plans to go beyond that", he said.
Porsche carrera GT: production in leipzig
In the next few days, the planned increase in VW’s stake to 29.9 percent will be a topic for discussion in the company’s executive bodies. With two strong shareholders, Porsche and Lower Saxony, VW is in a good position. A capital increase is not necessary for the increase and is not currently planned in concrete terms.
For the VW supervisory Board, one of the most important issues is to bring the US business up to speed, said wiedeking. "This is one of the main tasks we have to solve." at the zuffenhausen-based sports car manufacturer, the principle applies that you only sell cars with which you also earn good money. In the course of this year, first results will be seen at VW in the U.S. But the big breakthrough is not yet to be expected.
Zuffenhausen company open to further cooperations
Porsche is currently deepening its cooperation with VW. Wiedeking also expressed his openness in principle to cooperation with other automakers. "We have no fear of contact." technological development partnerships are theoretically conceivable. However, there are currently no talks.
Although the old cayenne generation has been phased out over the past few months, porsche expects to achieve a significant increase in sales in the 2006/07 fiscal year (31. July) sales of the model at the previous year’s level. Against this backdrop, he expects the Group’s operating profit to exceed the previous year’s figure in the second half of the fiscal year as well.
Porsche is currently doing well. In the first half of the fiscal year, profits rose from just under 170 million euros to a good one billion euros. The main reason for this was special income from the VW shareholding. However, wiedeking said that earnings in the core business were also higher than in the previous year. Sales had fallen by almost six percent to 39,750 vehicles due to the discontinuation of the old cayenne. The revised model is now at the dealerships.
BMW focuses on Q2
Reithofer wants to come up trumps in the second quarter
BMW does not want to really step on the gas on the way to new sales records until later in the year. "We will have very moderate growth in the first quarter", said BMW boss norbert reithofer in geneva. Due to a number of model changes, "the right impetus" is needed not expected until the second quarter. For the year as a whole, the white-blue carmaker continues to aim for sales growth in all group brands. This is the way to secure employment. BMW is not currently planning to create new jobs.
Sales stalled because the successor was just around the corner: BMW X5
According to reithofer, BMW also intends to make further gains in the difficult U.S. market in 2007. Last year, the number of deliveries here was up by a good two percent to 313.600 vehicles increased. Reithofer admitted that the group had to offer above-average discounts on some discontinued models. This year, however, the strong growth is expected to be achieved with a lower discount level thanks to new models such as the 3-series coupe.
In the long term, he stands for profitable growth, said reithofer, who took over as BMW CEO last year. Productivity is to be increased further. He did not want to disclose the exact profit for the past year. "But we stand by our forecast." according to the report, pre-tax profit was to be increased from 3.3 to 4 billion euros.
No share buyback at BMW
In the foreseeable future, the Group wants to come down from the high discounts in the USA again. Reithofer justified his entry into the discount battle, which has been raging in the U.S. for some time, with changes in some models, including the X5 SUV, the 3-series coupe and the small car mini.
BMW had increased sales in the important US market by almost twelve percent in February, but achieved this primarily with the help of high price discounts.
Reithofer made it clear that the Group had no plans to buy back shares. There is currently no decision on this by the Board of Management.