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Volkswagen reportedly set to add two small SUVs to its lineup

Volkswagen plans to add two SUVs positioned below the Tiguan compact model because of booming demand for such vehicles, a newspaper report said. The launch of a subcompact SUV and a smaller model based on the new Up minicar is "certain," German business publication Handelsblatt reported on Monday, citing company sources. A VW spokesman would not confirm the models to the paper, saying only: "SUVs are very interesting.

USED VALUES HOLD STEADY

THERE was no change in the value of the average used car between October and November 2010, according to new figures from BCA. November values were down £111 year-on-year and remained at £5,792 There was a slight increase in the volume of used vehicles reaching the market in November, but not enough to provoke any change. A seasonal lack of interest on the market is to blame for the lack of fluctuation as well as travel difficulties created by the cold weather, according to BCA, and the drop off in demand is likely to remain into December.

Mercedes promotes marketing executive to steer U.S. sales

Mercedes-Benz USA will promote marketing chief Stephen Cannon to CEO, effective Jan. 1. Cannon, 50, has been vice president of marketing for Mercedes-Benz USA since June 2007.