Volkswagen CEO Winterkorn sticks around
The 63-year-old executive has already brought a number of changes to the company, including adding Scania AB, a Swedish truck manufacturer, to the corporate stable. According to The Detroit News, Winterkorn is also planning to build two more manufacturing facilities in China in a bid to double production in that country.
Likewise, Winterkorn was instrumental in making the decision to open a new facility here in the U.S. That Chattanooga, Tennessee facility represents a billion-dollar investment for Volkswagen and is slated to produce a range of new models tailored to fit American tastes.
Combined, these three plants are poised to help Volkswagen reach its goal of beating Toyota in both sales and profitability by 2018.
[Source: The Detroit News]
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