| Europe's largest automaker Volkswagen AG is | | | | first on the capacity utilization in Mexico. |
| hoping to obtain break-even for its North | | | | |
| American market by 2009 or earliest that is | | | | Mr. Osterloh also explained that it is |
| according to Volkswagen's Chief Labor | | | | important for the company to produce car |
| Representative Bernd Osterloh in an interview | | | | models for the US market if it wants to |
| with Dow Jones Newswires last Friday. | | | | produce sales volume. He said models that |
| | | | should be made must be similar to the size of |
| Osterloh was quoted saying, "I hope this is | | | | the Passat or the Jetta. And if in case the |
| achieved." He also admitted that it's going | | | | plan really do pushed through then models |
| to be hard target to achieve. He further | | | | that are especially designed for the US |
| added that in order to reach such goal there | | | | market could be officially launched before |
| should be an increase in productivity and at | | | | 2010. |
| the same time there should be a reduction in | | | | |
| the purchasing costs. He also suggest for the | | | | Volkswagen Second-Quarter Profit Increased |
| purchasing of parts locally. | | | | |
| | | | In other news, Volkswagen has recently |
| Mr. Osterloh has said that the North America | | | | reported that its second quarter profit |
| would become the central market for the | | | | increased by 16 percent attributed to new |
| company in the coming years. And in | | | | models of both the Skoda and Audi units. The |
| accordance to such plan, Europe's largest | | | | German automaker has also obtained a rise in |
| automaker and producer of Volkswagen bus | | | | net income that closes to 1 billion euros or |
| parts , Volkswagen has already sent its best | | | | $1.38 billion from previous 859 million euros |
| man for the North American market, Stefan | | | | in the year 2006 that is according to the |
| Jacoby, who would assume the position of | | | | median estimate of 11 analysts that takes |
| Chief Executive of Volkswagen of America | | | | part of the survey conducted by Bloomberg |
| starting this coming September 1, 2007. | | | | News. |
| | | | |
| Mr. Osterloh said that he is not yet aware | | | | Aside from the 11 analysts there were also |
| whether production would resume in the United | | | | banks that participated in the survey namely |
| States with the construction of the new | | | | Bankhauz Metzler, M.M. Warburg, Societe |
| factory. But one thing is for sure that | | | | Generale, JPMorgan, Morgan Stanley, |
| before the Wolfsburg-based automaker gives | | | | Unicredit, UBS, DZ Bank, Bankhaus Lampe, ABN |
| out the go signal, there would be a study | | | | Amro and Exane BNP Paribas. |