Subscribe free to our newsletters via your
. Space Industry and Business News .




CAR TECH
Volkswagen targets China in group shakeup
by Staff Writers
Berlin (AFP) June 2, 2012


Volkswagen, Europe's leading automotive group, announced Saturday a shake-up to increase its focus on the Chinese market and strengthen its heavy truck and bus sector.

"This fundamental reorganisation is the right response to the increasing challenges," Volkswagen CEO Martin Winterkorn said in a statement.

"At the same time we are laying the foundations for keeping the group and its brands on their successful course even in a difficult market environment."

Under the realignment a new group management department for China will be set up under Jochem Heizmann, formerly in charge of commercial vehicles, "thus underpinning the significance of the largest sales market in the world," the statement said.

"The Volkswagen Group delivered some 2.3 million vehicles in the China region in the 2011 fiscal year and reported a pro rata operating profit there of 2.6 billion euros ($3.4 billion)," it noted.

On the commercial vehicles side, which VW called "the second pillar" of its success, Leif Oestling, head of Scania, will head a new department to enhance cooperation between MAN, Scania and Volkswagen Commercial Vehicles to "harness the substantial worldwide growth potential in this segment."

Volkswagen also announced a major reshuffle of top managers within the group from September 1 affecting brands including MAN, Scania, Audi, Bentley and Bugatti.

It said all the appointments had been made within the company, "including three female top managers who will assume responsibility at brand board of management level."

Winterkorn said: "Our clear goal is to continue our successful course of recent years with great momentum and stability. I am convinced that now more than ever, the Volkswagen Group has the right people in the right positions to make our Strategy 2018 a success."

While all VW brands have a high degree of operational autonomy and responsibility, "we are now further intensifying knowledge transfer and management links within the Group," he added.

In April Volkswagen, whose makes also include Skoda and SEAT, said that profits raced ahead in the first three months of this year, driven by strong demand worldwide for all of its brands.

Net profit soared 86 percent to 3.186 billion euros, while operating profit, increased 10.2 percent to 3.209 billion euros as the auto giant sold 11.3 percent more vehicles -- 2.26 million worldwide -- in the three-month period, it said.

.


Related Links
Car Technology at SpaceMart.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








CAR TECH
Japan's vehicle output soars 174% in April
Tokyo (AFP) May 31, 2012
Japan's auto sector on Thursday reported huge increases in production for April from a year earlier, reflecting a steep recovery after last year's quake-tsunami disaster crippled output and demand. Production of cars, trucks and buses reached 799,474 vehicles, up 173.8 percent from April 2011 and the seventh consecutive monthly increase, according to the Japan Automobile Manufacturers Associ ... read more


CAR TECH
Netflix tops Apple in booming US online movies

The finest gold dust in the world

Microreactors to produce explosive materials

Short movies stored in an atomic vapor

CAR TECH
New Mobile Antenna from ASC Signal Designed For Rapid Deployment by Defense and Commercial Users

Researchers Improve Fast-Moving Mobile Networks

Second AEHF Military Communications Satellite Launched

Fourth Boeing-built WGS Satellite Accepted by USAF

CAR TECH
SpaceX Dragon capsule splash lands in Pacific

US cargo ship on return voyage from space station

US cargo vessel prepares to leave space station

Once Upon a Time

CAR TECH
Lockheed Martin Completes Navigation Payload Milestone For GPS III Prototype

TomTom eyes expanding S. American market

Spirent Launches New Entry-Level Multi-GNSS Simulator

Beidou navigation system installed on more Chinese fishing boats

CAR TECH
Louis Gallois hands EADS reins to Tom Enders

Boeing Delivers First EA-18G Growler Featuring Bharat Electronics Limited Cockpit Subassembly

Flapping protective wings increase lift

Russia, India to produce transports

CAR TECH
The first chemical circuit developed

Copper-nickel nanowires could be perfect fit for printable electronics

Japan's Renesas ups chip outsourcing to Taiwan giant

New silicon memory chip developed

CAR TECH
CryoSat goes to sea

S Korea to develop geostationary satellite for environmental monitoring

LiDAR Technology Reveals Faults Near Lake Tahoe

Satellite maps ocean floor

CAR TECH
EU threatens Italy with court action over Rome trash

Fears as Latin America's largest trash dump closes

Ship's captain jailed over New Zealand oil spill

Germany, India in talks over treating Bhopal waste




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement