Showing posts with label Volkswagen. Show all posts
Showing posts with label Volkswagen. Show all posts

Friday, September 17, 2010

Tension in Volkswagen Subsides, Wulff Prepares For a New Battle

In Germany: For the past couple of months, the German public has witnessed the power struggle between two of the biggest shareholders of Europe's largest automaker, Volkswagen--- Porsche and the State of Lower Saxony.

The European Union court has repealed the very controversial Volkswagen law which was designed to protect Volkswagen from any possible form of takeover. The State of Lower Saxony has made use of the Volkswagen law to limit Porsche's control over the supervisory board of the company despite the fact that it holds the largest amount of stakes at Volkswagen. The Volkswagen law limits the voting rights of shareholders to 20% regardless of the number of stakes they own in Volkswagen.

After all efforts to stop Porsche from gaining control over Volkswagen--maker of the popular Volkswagen radiator fan and owner of Audi, Bentley, SEAT and Skoda---the Premier of Lower Saxony Christian Wulff has finally put down the red flag and said that he will no longer interfere with Porsche's desire to takeover both the chairmanship and the third seat on the company's supervisory board for the next couple of weeks. Such political move by the Lower Saxony marks the signal for Porsche to take full control of Europe's largest automaker.

It should be noted that Porsche has been slowly increasing its holdings in Volkswagen from the time it has become a shareholder of the automaker in September 2005. And at present Porsche already owns 27.4% stakes and will be increasing after gaining the votes of other shareholders for it to purchase additional shares bringing its total holdings to 29.9%. However, Porsche said that it will only pursue such if the Volkswagen law is repealed since according to Wendelin Wiedeking, they want to be given enough right to take part over the day-to-day operations of the automaker plus a seat at the chairmanship.

In order to repeal the Volkswagen law, the European Union has illustrated the law as unnecessary and obsolete further saying that it hinders the flow of free capital. If in case a ruling would finally come out soon it would finally give the right to Ferdinand Piech to hold multiple positions--as a controlling shareholder of Porsche and as upcoming Volkswagen's chairman of the board and at the same time holding the third supervisory board seat at VW for Porsche.

There are rumors circulating in the European investment circles which say that Wulff is not yet through with Porsche. According to a report from Inside Line sources, the "Big Bad" Wulff is currently having private meetings with the other investors in an attempt to oust Piech once his term on Volkswagen's supervisory board comes up for renewal in April.

The victory of Porsche over its stern rival the Lower Saxony came at the time when Volkswagen announced its 2006 profit earnings had doubled as compared to what it has gained for 2005. The automaker has also announced that its vehicle sales across the group has increased by a sturdy 9.4% or 5.7 million contributed mainly by Audi, Bentley and Skoda.

Tuesday, May 25, 2010

How To Find Parts And Accessories For Your Volkswagen Jetta

The Volkswagen Jetta has been the corporation's fastest selling model on the American Market, as it captivates the American consumer more than it does the European ones. Its continued growth and appeal is tied almost directly to the all-important American automobile market.

Throughout Volkswagen's 50 years in the US it has consistently caught the attention of every type of American consumer; the young, the old, the man, the woman, the rich and the not so rich. Even though VW had a few slips in performance and availability, it has still captured and held the attention of the American driver; much to the chagrin of its rivals.

The Jetta's completely recreated frame and body now features a longer wheelbase, wider stance, chrome-framed grille in front, and is, undeniably, the new face of VW. Chrome is a recurring feature of the Jetta. Chrome is also employed in the making of the eyebrows above the engine's air inlets, and on similar models for their side-window surrounds.

There are many stores that can be found online that specialize in Volkswagen parts, including the Jetta's grille. Since they specialize in the parts, they never compromise the caliber of the Jetta grille and promises that any Jetta part you purchase will be of the highest quality, meeting the Volkswagen standards for quality every time. You need not worry that this quality comes with a hefty price tag. These web stores offer these Jetta parts for the lowest prices and are just a click on the mouse away.

The Volkswagen Jetta's most appealing attribute is the prominent thrust and slope of the car's snout. The headlights, inlets, and grilles are all blended into the Jetta's raked rear flow. At the Jetta's rear, is a multi-link independent suspension, which greatly enhances the ride and the driver's control on the road. Jetta's steering is power assisted. This assistance is electro-mechanical, not hydraulic as some would think.

If you're in the market for Jetta's headlights and suspension, online automotive stores feature high caliber parts at low prices. They can assure you that purchasing from them will guarantee 100% customer satisfaction. By using these stores to supply you with your Volkswagen needs, you can experience excellent service staff and easy shopping for your replacement Jetta parts. Since they specialize in these parts, they offer a Jetta suspension that is the best on the market, unlike the suspension systems that some auto parts dealers would try to pawn off on you.

The Volkswagen Jetta is well known for being the most economically priced of the European sedans in America. This status has remained unchanged even after the release of the 2005 model. By using an online store that specializes in Volkswagen parts, you can be assured that the Jetta parts you want are in stock, will be shipped quickly if ordered from the online store, and are perfectly priced for your pocketbook.