VW may rebrand its US arm as 'Voltswagen'
#32
Their new EV looks horrible and will not sell here at all. ID4 is also idiotic name.
#34
They sell less units than RAV4 with worse margins than their competitors. Its a money losing operation- that’s why they should stick to other markets.
#36
In the US - they haven’t turned a profit in Years and were hoping 2020 they might break-even then Covid hit. The dieselgate settlements have cost them Billions in US as well.
If you have access to Automotive News site - I’m sure you can get exact figures. But losses are in the Billions over the years and they were in the red even without dieselgate.
https://jalopnik.com/volkswagen-is-g...r-n-1843313205
If you have access to Automotive News site - I’m sure you can get exact figures. But losses are in the Billions over the years and they were in the red even without dieselgate.
https://jalopnik.com/volkswagen-is-g...r-n-1843313205
Under VW Group CEO Herbert Diess’ restructuring plan presented in 2016, all the company’s money-losing regions including the U.S. were slated to return to the black this year.
In a conference call with reporters, VW Group CFO Frank Witter said the economic slump stemming from the pandemic had forced it to postpone its goal for the U.S. market.
“We were well on our way to reaching our target of a breakeven for the VW passenger car brand in the USA in 2020,” Witter said. “Due to the coronavirus, it naturally won’t be possible to meet this now, unfortunately. It’s a setback, but it doesn’t change our basic aspiration.”
In a conference call with reporters, VW Group CFO Frank Witter said the economic slump stemming from the pandemic had forced it to postpone its goal for the U.S. market.
“We were well on our way to reaching our target of a breakeven for the VW passenger car brand in the USA in 2020,” Witter said. “Due to the coronavirus, it naturally won’t be possible to meet this now, unfortunately. It’s a setback, but it doesn’t change our basic aspiration.”
#38
VW in the US isnt going anywhere lol
#39
Do they even exist? They sold 325k units in total. That is less than half of Hyundai not including Kia.
The brand is completely irrelevant - they can continue to stay and burn even more $$$.
They have zero products in the pipeline that will move the needle and the EV transition will be extremely painful as they don’t have the ICE cars with high margins (a la F150 for Ford) that can help them avoid significant losses.
The brand is completely irrelevant - they can continue to stay and burn even more $$$.
They have zero products in the pipeline that will move the needle and the EV transition will be extremely painful as they don’t have the ICE cars with high margins (a la F150 for Ford) that can help them avoid significant losses.
#41
If they can’t sell their hideous SUVs which are US specific for most part, they will have no choice but to leave anyway. The US operation has been a drain on the overall company for years and really is the main reason they lost Billions for Dieselgate - ironically nobody bought their diesel crap anyway in the US.
Their projected margin on the ID4 is like 4% - they will lose $$$ on every vehicle they are lucky enough to sell.
The luxury brands that VW group runs in US is the only reason the VW brand even exists in the US otherwise they would have vanished years ago.
#42
I still disagree that they aren’t successful. If VW pulls out of the US I’ll buy you a boat lol
Their SUVs sell very well. There are 3 Altas’ on my street.
Just because they haven’t been profitable for a period of time does not mean they’re going to pull out of one of the largest car markets in the world. This is not a company that has failed to get a foothold in the US...they just need better management and product offerings and they’re getting there.
Their SUVs sell very well. There are 3 Altas’ on my street.
Just because they haven’t been profitable for a period of time does not mean they’re going to pull out of one of the largest car markets in the world. This is not a company that has failed to get a foothold in the US...they just need better management and product offerings and they’re getting there.
#43
Just because they haven’t been profitable for a period of time does not mean they’re going to pull out of one of the largest car markets in the world. This is not a company that has failed to get a foothold in the US...they just need better management and product offerings and they’re getting there.
#44
I still disagree that they aren’t successful. If VW pulls out of the US I’ll buy you a boat lol
Their SUVs sell very well. There are 3 Altas’ on my street.
Just because they haven’t been profitable for a period of time does not mean they’re going to pull out of one of the largest car markets in the world. This is not a company that has failed to get a foothold in the US...they just need better management and product offerings and they’re getting there.
Their SUVs sell very well. There are 3 Altas’ on my street.
Just because they haven’t been profitable for a period of time does not mean they’re going to pull out of one of the largest car markets in the world. This is not a company that has failed to get a foothold in the US...they just need better management and product offerings and they’re getting there.
In the 2000s sales tapered off somewhat due to competition, quality issues and delays in product introductions, and VW's U.S. sales for 2005 totaled 224,195 – a reduction of about 37 percent from four years earlier. New models for the 2006 and 2007 model years, such as the Passat, Rabbit, and GTI resulted in a sales growth of 4.9% for 2006 with sales of 235,140 vehicles. Profitability still remained an issue, though; Volkswagen of America had not turned a profit for its parent company since 2002. In January 2007, Volkswagen of America president Adrian Hallmark publicly stated[citation needed] that he planned to get the subsidiary back to profitability in two to three years. He hoped to introduce new models for North America, and develop new marketing to encompass the whole brand as well as individual cars.[citation needed] Stefan Jacoby soon replaced him, and Volkswagen of America continued to look at new products to add to its lineup.[citation needed]In the meantime, a new advertising agency, Crispin Porter + Bogusky, helped rejuvenate VW's presence in the U.S. as well. Its ads for the fifth-generation GTI have sparked interest in the brand, not seen since the launch of the New Beetle, and ads for the fifth-generation Golf/Rabbit hatchback translated into initial strong sales for that model. Due to new air pollution rules promulgated by the United States Environmental Protection Agency(USEPA), the diesel powered VWs with TDI-PDtechnology could no longer be produced after December 31, 2006. For the 2009 model year, VW introduced a new generation of diesels, based on common rail technology. These would meet air pollution standards in all 50 states. The first of these units was made available for sale in August 2008. VW sold 2050 Jetta Sedan TDIs and 361 Jetta Sportwagen TDIs that first month.[citation needed]Volkswagen was later charged with three felonies and fined $25 billion for defrauding the American government when it was discovered that their vehicles were only passing laboratory emissions testing due to company tampering of their system's internal software.
Just because you saw 3 Atlas SUVs on your block doesn’t mean they sell well lol.
They are a mainstream brand with cheap products that gets outsold by luxury brands. Their sales are a fraction of their direct competition like Toyota, Honda, Ford, GM etc. The US operation is a huge failure by any measure.
The EV renaissance will eliminate MANY brands.
Last edited by RNM GS3; 04-02-21 at 09:02 AM.
#45
Originally Posted by LexsCTJill
Every company can go up or down for a period of time. VW will figure it out. VW also has a huge manufacturing presence in Mexico and the southern US...they will not close that up.
Just because you saw 3 Atlas SUVs on your block doesn’t mean they sell well lol.