No recovery in light commercial vehicles yet, says Volkswagen
By Andrew C., 26 Aug, 2010. 0 Comments
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The light commercial vehicles (LCV) unit of Volkswagen AG considers 2010 to be another challenging year. In a statement, its CEO Stephan Schaller warns that the car industry still has not escaped the market downturn. Schaller thinks that the bottom has been reached but not yet traversed. Expected to help sales this year are the extensive facelift to the T5 transporter and the launch of the Amarok, which is meant to compete directly against the Nissan Navara and the Toyota Hilux. The Amarok will be launched in Europe in the autumn. Schaller's unit is expected to form a core pillar of a future commercial vehicle alliance, together with VW's Swedish heavy truck brand Scania and MAN, in which VW owns 30%. There have been numerous management changes but despite that, MAN is left it without any clear front-runner for the job of running all three businesses. Schaller's chances have dropped ever since a key steering committee member of VW's supervisory board openly questioned his qualifications. It is widely believed that Scania CEO Leif Ostling will fulfill his current contract before retiring.
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