Monday, January 05, 2009

Europeans Raise Pressure on Detroit -

Europeans Raise Pressure on Detroit - "Struggling Big Three auto makers, accustomed to intense competition from their Japanese rivals, face a new challenge from European auto makers.

Sensing opportunity in Detroit's weakness, Volkswagen AG and BMW AG of Germany are gearing up to expand market share in the U.S. in the next few years.

VW is investing in its first U.S. factory in two decades and expects to triple U.S. sales to one million vehicles by 2018. BMW is introducing a new small car and expanding its distribution network."


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