by Sohee Kim
South Korea is on track to spend more on vehicle imports from Europe this year than it earns from exports the other way, for the first time in 24 years, as German brands breach the once impregnable fortress of Hyundai Motor and its local rivals.
Volkswagen has confirmed plans to build an estate version of the Golf R. The 155mph load lugger will be powered by a 2.0-litre turbocharged petrol engine and be capable of rocketing from 0-62mph in 5.1 seconds. Prices are expected to start at £33,000 when the Golf R Estate reaches UK showrooms in July 2015.
Volkswagen’s growth in China is expected to slow to about 10 percent this year from 16 percent in 2013 due to a conservative strategy that has limited its production capacity, VW China chief Jochem Heizmann said.
Volkswagen’s Spanish division, Seat, will stop selling cars in Russia by early next year because of an economic downturn and a weakening ruble.
Ford has unveiled the all-new Shelby GT350 Mustang and it sure is an impressive muscle car that can go fast on the straight and also around the track.
