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* Germany - VW rollout of 60 new models for Europe
* Germany - VW rollout of 60 models seeks to offset Europe turmoil
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(Photo by Sebastien Feval / AFP / Getty Images: People discover the new Bentley Flying Spur at the Geneva International Motor Show in March)Wolfsburg,Germany -Bloomberg News/The Detroit News, by Christoph Rauwald -April 28, 2013: -- Volkswagen AG, Europe's biggest automaker, aims to offset plunging European demand this year by rolling out 60 new and updated models, including luxury cruisers like the Bentley Flying Spur... VW is targeting higher auto sales and revenue this year as the revamped Golf, an updated Skoda Octavia and a new Audi A3 sedan help make up for a slowdown in Europe, where demand is heading to a 20-year low. Maintaining growth momentum is key for the company, which aims to overtake General Motors Co. and Toyota Motor Corp. by 2018 to become the world's largest automaker... The manufacturer's growth all but stalled last month as sales edged up 0.2 percent to 864,400 cars, restraining the first-quarter advance to 5.1 percent as sales in its home German market tumbled 17 percent... Volkswagen is pinning its hopes for keeping up sales volumes on new models, such as the seventh generation of its best-selling Golf compact, introduced at the end of last year. The Audi premium brand, VW's largest earnings contributor, has been rolling out the revamped A3 hatchback and will add a sedan version of the model later this year to lure American and Chinese buyers seeking a small car with a separate trunk... Luxury brands account for more than half of VW's earnings and the presence in this market segment will expand...
Labels: automakers news Europe
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