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Volkswagen creates R division for sporty cars
Wed, 17 Mar 2010Volkswagen is officially creating a company to develop sporty cars; it will be called Volkswagen R GmbH. This may sound familiar--VW already calls some of its specialty cars Rs--and now it's bundling sales and development all into one unit. VW has the Scirocco R and the Golf R for cars, as well as the dynamic R Line of design trims.
Carlos Ghosn's automaker mantra: Go big or you'll go away
Tue, 25 May 2010Size matters in auto company survival, Renault and Nissan CEO Carlos Ghosn told an audience in Detroit on Tuesday. To cope with the escalating costs and scope of a global industry, successful automakers must complete a trifecta--be able to compete in every technology, every market and every segment, Ghosn said during a luncheon speech at the Detroit Economic Club “No 3 million-unit carmaker can make it,” Ghosn said, explaining why his Renault-Nissan alliance forged an alliance with Germany's Daimler AG. Competency in one or two of the three skills is not enough, and only very large companies can afford all three, he said.
Chevrolet expanding into South Korea
Thu, 29 Apr 2010Chevrolet, the most famous and best-selling General Motors brand, will expand into South Korea in 2011, the automaker said on Wednesday. Enthusiasts in South Korea are in for a treat: At the Busan International Motor Show where the announcement was made, Chevy showed a Camaro, which will be one of the products offered. Last year, Chevy accounted for 44 percent of GM's global sales and saw a sales increase of 21 percent over the previous year.