Volkswagen Group is preparing to bring new and updated models from its namesake brand to the United States on a shorter time frame to meet American demands for revamped products more quickly.
The VW marque will introduce new products every five years, with major refreshes after three years, Michael Horn, head of VW’s U.S. operations, said in an interview.
Volkswagen Group secured enough backing to move forward with a €6.7 billion ($9.2 billion) bid for Scania, removing the last major obstacle to a nearly decade-long effort to forge an integrated heavy-trucks unit.
Maserati, Volkswagen Group and other foreign automakers are having their best sales streak in years in Japan, as the economy improves and consumers like Taichi Matsukura try to stand out amid a sea of Toyotas.
Swedish holding company Investor AB will tender its stake in Scania to Volkswagen Group, as the German automaker seeks to take full control of the truckmaker.
Volkswagen Group is edging closer toward taking full control of its Swedish truck division Scania, after its buyout offer won broad support from shareholders and fell just short of an acceptance threshold.
