Volkswagen Russia not doing as well as expected — Volkswagen news

19 Апр 2015 | Author: | Комментарии к записи Volkswagen Russia not doing as well as expected — Volkswagen news отключены
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Volkswagen: Russia not doing as as expected

Volkswagen: Pushing for in China

As the Beijing Auto kicks off on Monday, Martin Chairman and CEO at Volkswagen, says hybrids will dominate its in China for alternative energy

German car maker Volkswagen’s is falling short of expectations in its CEO told CNBC at the Auto show on Sunday, amid tensions between Russia and

Reports of a deadly gun attack in Ukraine over the weekend revived worries over between the two countries, and the implications for operating in the region.

If the European imposes further sanctions on this could make difficult for companies like which has invested heavily in the

But CEO Martin Winterkorn told he did not see any immediate threat to his company’s in Russia.

In Russia we are building an factory, we are building trucks we don’t see any problems for now. But we are a cautious eye to see how things develop, told CNBC.

Volkswagen 300,000 units in Russia year, according to Volkswagen website. Since the opening of a in Kaluga, a city Southwest of the vast majority of vehicles there are produced domestically.

The had targeted the sale of half a units in Russia this and has plans to invest €1.8 ($2.49 million) by 2018, to car industry magazine Automobilwoche.

Last month Reuters that Volkswagen’s finance Hans-Dieter Poetsch said the was grappling with the effects of the crisis, which was placing a burden on its Russia business. the related volatility in Russia’s currency, which has fallen 8.5 this year against the was also proving a headache.

acknowledged Volkswagen was seeing slowing in traction in Russia.

At the we are not totally on track, our sales decreased a little bit but not to the extent many feared. Ukraine is a case, but Russia is still well though not with the rates that we originally he added.

Thomas Lohnes | Getty News

Chairman of the board of Martin Winterkorn presents the new VW Sportsvan during the Group at the international motor show IAA Automobil-Ausstellung) on September 9, 2013 in am Main, Germany.

Eye on China

But the of the Audi, Bentley, and Porsche’s single market is China, it sold 3.27 million in 2013. Winterkorn said vehicles were the manufacturer’s key in the world’s number two economy.

is something we are taking very in China, said Winterkorn.

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We are plug in hybrids and battery vehicles for China to ensure we can cut emissions in the cities. We offer it at Audi and Volkswagen and I believe is a major contribution for the future of he added.

Another key topic at the Beijing-based China 2014 – which on April 21 and is running to April 29 – is big and how players in the automotive industry balance their desire to data while respecting privacy.

This means the IT and automobile industries will get to each other, said

We want to have control of the that is generated in our cars, why we need to find ways with the big internet and IT companies to the data of our consumers, especially personal data, he said.

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Recalls reflect sensitivity

also commented on the issue of recalls, against a backdrop of 15 recalls in the global automotive this year.

Earlier month, Volkswagen said it stop selling about of its Jettas, Beetles, Beetle and Passats with 1.8 liter and automatic transmissions in North due to the risk of transmission oil leaks.

asked if the reason the industry was so many recalls was linked to rushing out their products to get first, Winterkorn said he saw as a factor.

One issue is certainly volume growth too. But I all in all, our customers have much more sensitive. used to be handled as a complaint is now a recall, because we want to our customer, that’s why the automotive is much more sensitive 10 to 20 years ago, he added.

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