VW Dealer Heirโs Windfall Fuels โฌ3.5 Billion Investment Firm
One of the billionaire heirs to Belgiumโs DโIeteren auto empire is eyeing new investments, flush with cash after selling a stake in the Volkswagen distributor to his cousin.
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One of the billionaire heirs to Belgiumโs DโIeteren auto empire is eyeing new investments, flush with cash after selling a stake in the Volkswagen distributor to his cousin.
A Volkswagen Mexico strike could start on 22 October after workers at the Puebla plant, which sends half its cars to the US, rejected a pay deal. The post Volkswagen Mexico Strike Nears After Vote appeared first on The Rio Times.
Volkswagen AG is investing heavily in the US market, which Chief Executive Officer Oliver Blume says is "one big growth opportunity" for the company. The company plans to enter the US market for light trucks and offroad sport utility vehicles, with projects including a software venture with Rivian Automotive Inc. and the revival of heritage brand Scout. Volkswagen aims to field a midsize pickup and an offroad SUV to compete with established US franchises such as General Motors Co.'s Chevrolet Colorado and Ford Motor Co.'s Bronco. Bloomberg's Gabrielle Coppola breaks it all down on Bloomberg Intelligence (Source: Bloomberg)