
Volkswagen forecast its sales in China will increase 10 percent or more in 2014, signaling that the company will outsell General Motors Co. in the world’s biggest auto market for a second-straight year.

Volkswagen forecast its sales in China will increase 10 percent or more in 2014, signaling that the company will outsell General Motors Co. in the world’s biggest auto market for a second-straight year.

Volkswagen CEO Martin Winterkorn will unveil a new strategy for the automaker called Future Tracks by year end, a German magazine report said.
Volkswagen said Audi’s former development chief, Wolfgang Duerheimer, will head its Bentley and Bugatti brands.
It will be Duerheimer’s second stint at Britain-based Bentley and France-based Bugatti. In February 2011, he took the helm at both brands for 19 months, succeeding retiring chief Franz-Josef Paefgen.

Citing the risk of a leak in the transmission oil cooler, Volkswagen has ordered U.S. dealers to stop selling newer cars equipped with an automatic transmission and VW’s most common engine, the 1.8-liter EA888.