VW needs boost in US to reach global sales goals

Newswire

By Paul Lienert DETROIT, July 5 (Reuters) - If Volkswagen AG Chairman Ferdinand Piech and his protégé, CEO Martin Winterkorn, hope to consolidate VW's position as the world's largest automaker by 2018, American consumers will need to buy a lot more new Volkswagens, Audis and Porsches. Despite a recent upswing in the United States, largely on the strength of the redesigned Passat and Jetta sedans, VW for the past three decades has "underperformed substantially" in the United States compared ...

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