SOURCE: Industrial Info Resources

December 14, 2009 05:15 ET

Volkswagen Moves to Compete With Toyota, 'Big Three' Worldwide, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - December 14, 2009) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Volkswagen AG (OTC:VLKAY) (Wolfsburg, Germany) has taken advantage of the recession affecting most of the world and is positioning itself to be a major player in the automotive sector worldwide. During the economic downturn, and in spite of it, Volkswagen moved forward with plans to construct its first United States plant. Now, Volkswagen has begun adding resources in the form of a 49.9% stake in Porsche AG (Stuttgart, Germany) and a 20% stake in Suzuki Motor Corporation (Shizuoka, Japan). These moves are geared to put Volkswagen in position to compete directly with any of Detroit's "Big Three" -- Ford Motor Company (NYSE:F) (Dearborn, Michigan), General Motors Corporation (Detroit, Michigan) and The Chrysler Group LLC (Auburn Hills, Michigan) -- and with the No. 1 automaker in the world, Toyota Motor Corporation (NYSE:TM) (Aichi, Japan).

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