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German automakers eye US market

The Local · 8 Jan 2012, 17:16

Published: 08 Jan 2012 17:16 GMT+01:00

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Not only do they plan to promote diesel cars, but luxury car maker Mercedes Benz just announced a new joint effort to produce engines in the US and Volkswagen is pushing for two years of double digit growth there.

Mercedes announced a collaboration with the Japanese auto giant Nissan on Sunday to build four-cylinder gasoline engines at an assembly plant in Decherd, Tennessee. Production is expected to begin in 2014, with 250,000 engines expected to be rolled out each year when the plant is up to full capacity, a statement said.

It is being hailed as their biggest joint project outside Europe.

Meanwhile Volkswagen has set ambitious goals for American sales this year, saying it wants to sell more than 500,000 vehicles in the States.

Last year the auto giant sold 444,192 cars in the US, an increase of 23 percent. VW profited in 2011 from the production of a Passat that was specially designed for the US market and produced at its plant in Chattanooga, also in Tennessee.

The car was introduced in September and posted sales of 23,000 by year’s end.

Story continues below…

The German automakers’ news comes a day before the opening of the Detroit Auto Show, considered the most important auto trade show for the US market.

The Local/AFP/DPA/mw

The Local (news@thelocal.de)

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Your comments about this article

00:59 January 9, 2012 by Buckshott
For those interested, here is an article from a U.S. newspaper today about the price of fuel in America:

National gas prices up 12 cents in past 3 weeks

Posted: 01/08/2012 01:02:57 PM MSTThe Associated Press

CAMARILLO, Calif.-The average U.S. price of a gallon of gasoline has spiked 12 cents over the past three weeks.

That's according to the Lundberg Survey of fuel prices, released Sunday, which puts the price of a gallon of regular at $3.36.

Midgrade costs an average of $3.51 a gallon, and premium is at $3.62.

Diesel held steady, at $3.90 a gallon.

Of the cities surveyed, Salt Lake City, Utah, has the nation's lowest average price for gas at $2.86. Los Angeles has the highest at $3.69.

In California, the lowest average price was $3.54 in Bakersfield. The average statewide was $3.64, up about 13 cents.
01:12 January 9, 2012 by Pille17
Wow thats still cheap...I think in Germany fuel costs twice as much.
06:37 January 9, 2012 by Maschinenbau
the liter costs 1,59 euro. that makes $2,02. so a gallon in germany costs $9,182.
18:10 January 9, 2012 by neunElf
The difference in prices between DE and US is all down to taxes.

A barrel of oil costs the same on the world market..
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