Volkswagen Plans Two New SUVs to Expand Appeal Beyond Tiguan
Volkswagen AG (VOW) plans to expand its lineup of sport-utility vehicles with two new models in the coming years as part of a goal of overtaking General Motors Co. (GM) and Toyota Motor Corp. (7203) in deliveries.
One of the new models will be bigger than the Tiguan SUV to appeal to U.S. drivers and provide a seven-seat alternative to a minivan, Peter Thul, a spokesman for the Wolfsburg, Germany- based company, said today by phone.
The other SUV will be a compact model smaller than the Tiguan, according to Thul, who was confirming comments made by development chief Ulrich Hackenberg in an interview with Automobilwoche.
Volkswagen is expanding its lineup to offset weak demand in Europe as it pursues its goal of becoming the world’s largest automaker by 2018. Growth in China and the U.S. helped the company increase deliveries 9.7 percent to 6.71 million vehicles in the first nine months of 2012, even as demand in Europe is set to drop for the fifth straight year.
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