According to an FT report, Volkswagen plans to invest millions of dollars in its US car showroom facilities in 2003.

 

The report says that the company will invest $176-million on expanding sales and distribution in North America, by building or improving 310 of its “market places” – large dealer garages that offer improved services and big car showrooms.

 

According to the FT report, about 122 of the market places are in place, with a further 126 under construction.

 

The move accompanies important US market product introductions, including the Touareg SUV (made in a JV with Porsche) and the Phaeton luxury model.

 

This year, Volkswaqen’s US sales target is to equal its 2001 record figure – 335,000 units.

Just Auto Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now