After three years as one of the fastest-growing car brands in the US, Volkswagen has hit a sales rut, and it can't get out. In response, Volkswagen Group of America downgraded VW's 2013 US vehicle sales target to 440,000, from the original target of about 486,000, reports Automotive News. The stair-step incentive program under which dealerships earn bonuses also was restructured early this month, yet VW USA remains committed to its goal of producing 800,000 cars annually by 2018.
Maserati has undergone repeated change-ups in its senior management over the past couple of years, both in Modena, where the automaker is based, and in New Jersey, seat of its North American headquarters. In it's latest announcement, the company's North American chief executive has been named as commercial director for the parent company as well.
Mark McNabb loves a challenge. After working for General Motors for 13 months leading Cadillac, Hummer, and Saab, McNabb announced his resignation last week as of June 1. His destination, it turns out, is Maserati, where he'll replace former North American CEO Marti Eulberg, Who resigned last month after less than a year on the job.