To comply with the “upsurge in growth” in the last few years, VW Credit Inc. (Volkswagen’s financing arm) is expanding its offices in the Chicago suburbs. VW of America said that there will soon be a new building in Libertyville, Ill., for its subsidiary. It currently has a workforce of around 500 but with this expansion, 150 jobs will be added through 2018.
Financing is offered by VW Credit to Volkswagen and Audi dealers. CEO Andrew Stuart said that the expansion is required to cope with the VW Group’s rapid growth in the U.S. In a statement, Stuart said that VW Credit Inc.’s expansion, when combined with the 40% rise in U.S. sales among its brands for the first quarter of 2012 is aligned with Volkswagen Group of America’s growth strategy.
VW Group is expecting that by 2018, it could sell 1 million annually in the U.S. under VW, Audi and Bentley (its three core brands). In 2011, group sales had a 23% increase to 443,840 vehicles. Audi posted a record U.S. sales year in 2011 while the VW brand’s sales rose by at least 35% for the past seven months.
The all-new 2012 Volkswagen Passat creates a new, extremely high standard for mid-sized luxury sedans. It is a mid-sized sedan with full-size room and comfort, offering outstanding, top-class, stretch-out rear legroom and matching trunk space.
Volkswagen Passat TDI, the segment’s only clean diesel option, offers an estimated 43 mpg on the highway, with manual transmission, with an almost 800-mile range, or the distance from New York to Chicago or San Francisco to Seattle. With one tank.
Produced at a Chattanooga, TN, plant that is strongly committed to environmental responsibility, this model is admirable with its key feature of having been painted without using any filler, reducing CO2 emissions by approximately 20%.
Even more impressive, the 2012 Passat starts at an MSRP of just $19,995 for the five-cylinder with standard dual-zone climate control, Bluetooth, steering-wheel audio controls, and all scheduled maintenance covered under Volkswagen's free three-year/36,000-mile Carefree Maintenance programme.
Passat's even dimensions create a singular, ageless, and foremost style, expressing the new Volkswagen Design DNA established by Walter de Silva, Volkswagen Group’s Italian design chief and the Volkswagen Brand’s German design leader Klaus Bischoff.
A signature sleek style dominated by horizontal body elements reinforces the Passat's pace as the urbane midsize choice. Ultimately, this car appears much costlier than it really is.
A strong brand’s key identifying feature is its front-end design. The Passat expresses its new horizontal brand face, with a single unit comprising the three-blade grille and headlights.