VW's greatest fear isn't Toyota, it's Hyundai

Discussion in 'General Motoring' started by C. E. White, Jul 14, 2010.

  1. C. E. White

    C. E. White Guest

    Paul McVeigh, Automotive News Europe


    Volkswagen is just as concerned about what's in its rear-view mirror as what
    is ahead in its quest to become the world's biggest automaker. The German
    giant, which aims to topple Toyota from its No. 1 spot, sees Korea's
    Hyundai-Kia group as a bigger rival than the struggling Japanese company."I
    have the most respect for Hyundai," VW CEO Martin Winterkorn told the German
    news magazine Focus, naming Hyundai's improved quality and the weakness of
    the Korean currency as reasons why Hyundai is on his mind. "Hyundai has now
    learned how to build good cars," added Winterkorn.His comments didn't
    surprise industry watchers."He's right," said Stefan Bratzel, who heads an
    automotive research center at the Bergisch Gladbach University of Applied
    Sciences in Germany. "Hyundai has enjoyed enormous growth in sales and
    profitability in recent years. Toyota should not be forgotten but Hyundai is
    a very serious rival."Bratzel said Hyundai is strong in Asia, especially in
    India where it is the No. 2 automaker after Suzuki with a 16 percent market
    share, and in China, where the Korean company is enjoying fast growth.IHS
    Automotive auto analyst Ian Fletcher said Hyundai and Kia can now match
    Japanese automakers for quality. "They are not just building cheap cars.
    They are building cheap, good cars," he said.Hyundai has boosted sales in
    North America with innovative sales methods, Fletcher said, and its new
    Sonata sedan is doing well in the United States against Toyota's Camry and
    Honda's Accord.In Europe, the Korean automaker benefited enormously from
    government scrappage incentives, which many consumers used to buy cheap,
    small cars such as the Hyundai i10."The only thing that lets them down is
    their brand image. Hyundai is not yet established as a respectable brand,"
    Fletcher said.Respectability could become less of a problem for Hyundai
    following Winterkorn's comments.
    C. E. White, Jul 14, 2010
  2. C. E. White

    IYM Guest

    Wouldn't doubt it...I owned 1 VW my whole life and it was the biggest
    piece of crap I ever had the mispleasure of owning. (fully loaded 1997
    VW Jetta) Just off the top of my head, things I remember....the 1st 2
    years off the lot: 3 times drivers power window (2x motor, 1 time
    switch) 2 radios replaced, pass heated seat repaired....entire exhaust
    from cat back replaced at 32K miles because it rotted out (a my expense
    since it was not covered..only 24K warranty). When they pulled the
    exhaust off, there was a big VW logo on the muffler with a "made in
    Mexico" right under it. The whole car was made in Mexico. There were a
    number of other minor things too...The last straw was a major
    though...the brake master cyl. started leaking at 42300 miles. I
    brought it in and would not cover it. Traded it in for a 99 F-150
    Lariat, which I still have to this day...120K miles and it was in 2
    times to the dealer. Once for the lighted outside mirrors and once for
    the cruise control recall, both at no cost to me. Just regular

    I know some will say, well a REAL VW made in Germany would never do
    that. Well, it's their reputation, their logo they're sticking on it,
    and it's supposed to be to the same quality. A poor rep is hard to
    overcome...I'm a good example - I'll never buy another...
    IYM, Jul 14, 2010
  3. C. E. White

    Mike Hunter Guest

    Toyota is more worried about Hyundai in other markets around the world where
    it must compete. Don't forget vehicle pricing is market bases and the
    lower costs in Korea gives the Korean manufactures a big advantage. As to
    VW, the cost of building in the socialists countries is much high than in
    the US or Japan. They way the current administration is building
    unsustainable debt will make build costs for all industries in the US to
    skyrocket over the next ten years.
    Mike Hunter, Jul 14, 2010
  4. C. E. White

    jp103 Guest

    As we move more and more to a service economy more manufacturing will be
    "offshore" and not in the U.S. It's unfortunate that the "current"
    administration is responsible for all this debt, but that is a topic
    best left to another group.
    jp103, Jul 15, 2010
  5. C. E. White

    Tegger Guest

    Then why did you post it here?
    Tegger, Jul 15, 2010
  6. C. E. White

    jp103 Guest

    Because I wanted to.
    jp103, Jul 15, 2010
  7. C. E. White

    JD Guest

    Debt responsibility is such a tricky thing. A slippery slope. One
    administration inherits a multiplicity of problems from a past
    administration and all of a sudden the current administration is
    responsible of everything? And problems it took the past administration
    eight years to create should be fixed by the current administration in a
    year or two? Oh, but you're correct, this is a topic that is best not
    posted to three alt.auto groups. Hmmmm. Interesting concept. :cool:
    JD, Jul 15, 2010
  8. C. E. White

    Stewart Guest

    Offering a service, maybe?
    Stewart, Jul 15, 2010
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