News Worms
News Worms


VW US chief says sales will recover, announces new SUV

VW US chief says sales will recover, announces new SUV

VW, now the world's largest automaker, announced the Volkswagen Atlas seven-seat SUV in 2014 and expanded the Chattanooga facility with a $900 million addition to build new SUV.

"We're confident in the reliability and workmanship of these SUVs, and we want our customers to be confident in their purchase", Hinrich Woebcken, president and CEO of Volkswagen Group, wrote in a press release.

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VW said most other major rivals offer a 36,000 mile, three-year warranty on similar SUVs. The powertrain warranty is 100,000 miles, but it only lasts five years or 60,000 miles if transferred.

Volkswagen has been in damage control mode ever since it was forced to admit in 2015 that it used secret software to help vehicles cheat emissions tests for six years.

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With the new SUV Volkswagen will have five for sale in the US. US sales of VW vehicles fell 8% in 2016 to 323,000 units sold, after having fallen 5% in 2015. It features six-year/72,000-mile bumper-to-bumper coverage transferable to subsequent owners. Chief Executive Officer Mike Jackson told CNBC News in an interview. "All you have to do is say you are sorry and give them a deal", AutoNation Inc. In hopes of enticing customers who might be leery of the brand after its diesel-emissions scandal, the new warranty is created to exceed that offered by VW competitors. In total, VW executives agreed to spend up to $25 billion in the United States to address legal claims brought by Volkswagen owners, environmental regulators, state governments and auto dealers, and offered to buy back about 500,000 vehicles that are known to be polluting the United States.

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