VW CEO Martin Winterkorn has made a pledge to close the gap between Toyota and VW. The automaker has set a goal of ten years to catch up to Toyota in terms of productivity and profit. Porsche CEO Wendelin Wiedeking also backs the plan. Wiedeking sees Toyota as the benchmark.
Porsche currently holds a 31% stake in VW, but there are rumors that the percentage could increase to 51%.
The 10-year plan is likely to be similar to the plan Winterkorn instilled when he was CEO of Audi. The target for the financial and sales goals has been set to 2018.
Do you think it is possible?
Full Story: Motor Authority
2008 Volkswagen Tiguan SUV Revealed Before Its Official Unveiling this Fall
The New VW Diesel-Powered Jetta Will Get 60mpg on the Highway…Should VW Release a Diesel Rabbit?
Which Automaker Has Had the Most Recalled 2007 Models? You Might be Surprised
Is Volkswagen Considering Pulling Out of The U.S. Market?