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