Posts Tagged car sales
Vw Does Not Only Want To Be Europe’s Largest But To Become The World’s Number 1
Posted by alibabarika in Automotive Articles on June 6, 2011
The first quarter results that Volkswagen has obtained is exactly what Porsche Chief Executive Wendelin Wiedeking has expected it would be when he opted to increase his controlling stake in Europe’s largest automaker. The operating profit that Volkswagen—Europe’s largest automaker and manufacturer of top-of-the-line VW Beetle Part– has gained for the first three months of 2007 has increase to 81 percent or $1.48 billion creating a 4.1 percent margin. The profit after tax of $1.0 billion has increased by 127 percent.
The VW brand division was the dominating brand for the first quarter sales drive but the star performers were Audi and Skoda. The soaring sales of new models at the Czech-based Skoda have been able to deliver an 8.5 percent operating margin—surpassing even the premium auto maker BMW. Skoda’s car sales increase by 15.5 percent in the first quarter resulting from its sales of Octavia compact and Roomster station wagon.
BMW Is Trying To Grab Elite Fleet Deal From Audi
Posted by alibabarika in Automotive Articles on January 15, 2011
In Beijing: There is race raging on between German luxury-car maker BMW and Audi and it’s not on the road but more of a contest on who will get the approval of the high-ranking Chinese government officials.
BMW is hoping that it will be chosen over its rival Audi. To accomplish such objective the Munich-based company is currently engaging in talks with regulators to include its vehicles on the government’s shopping list said Christoph Stark, president and chief executive officer of BMW Group China in an interview with China Daily. Stark also added, “The government purchase sector is important for us and we have the confidence to enter it. We’ll try to explore the possibility of more customers, such as government institutions and state-owned companies.”
Passenger Car Price in China – Up Or Down
Posted by alibabarika in Automotive Articles on July 21, 2010
Although Volkswagen has denied the rumour of “general price hikes in April” for its passenger cars in China, speculations for car price increases in China are still rampant.
Mr Rao Da, Secretary-General of National Passenger Car Information Exchange Association, suggested that car price inflection points may appear this year or the next. Due to rising raw materials and labour costs, it is expected that cost per car may increase by 1500 to 3000 yuan (RMB:USD = 7:1) in 2008. Even for upgraded models, the cost would still increase due to the associated moulding, inspecting and machinery tools. But the fierce competition in China’s auto market has deterred most auto companies from unilateral price hikes.