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Volkswagen Golf R 400 will come to US

If you're like us, and have been drooling over the Volkswagen Golf R 400 concept since it was first unveiled in Beijing last year, we've got some potentially good news for you. Dr. Heinz-Jakob Neusser, member of the board of management responsible for development at Volkswagen, told Autoblog that the Golf R 400 will definitely come to the US... if it gets the production green light, anyway. Neusser says that the US market has had a hugely positive reaction to the seventh-generation Golf family. The new hatch won both Motor Trend Car of the Year and North American Car of the Year, and Volkswagen has expanded the Golf range to include a bunch of new variants, including the electric e-Golf and recently released SportWagen. The Golf R 400 would "fit very well into this strategy," says Neusser. The hotter Golfs have been successful, too. When Volkswagen opened the order books for the 2015 Golf R, the yearly allocation for the US sold out in just 11 hours. Neusser says the R 400 will "show how sporty the Golf family can be." We're certainly in favor of this hottest hatch hitting our market. All we need now, is for Volkswagen to officially give it the go-ahead.

VW's Winterkorn tells 20,000 staffers of big cost-cutting plans

During a gathering of 20,000 Volkswagen Group employees at company headquarters in Wolfsburg, Germany on Wednesday, CEO Martin Winterkorn dropped a bombshell. The boss stated that the automaker isn't operating efficiently enough and admitted the company needs to radically start cutting back to raise its profit margins. To right the ship, Winterkorn has proposed killing off less profitable models and spending less on research and development.
According to Reuters, Winterkorn wants to raise the VW brand's profit margin from about 2.9 percent in 2013 to a target of 6 percent. To make that possible, his plan amounts to increasing cost cutting until Volkswagen reaches about 5 billion euros ($6.7 billion) per year to get things back in order. "Over the short-term, we urgently need more efficiency and higher profit," the CEO said during his speech, according to Reuters.
However, Winterkorn can't make these decisions unilaterally. Volkswagen's works council also has a seat on the supervisory board to represent laborers, and it isn't likely to take the proposed cuts sitting down.

$1.4B hedge fund suit against Porsche dismissed

Investors have canvassed courts in Europe and the US to repeatedly sue Porsche over its failed attempt to take over Volkswagen in 2008 (see here, and here and here), and they have repeatedly failed to win any cases. You can add another big loss to the tally, with Bloomberg reporting that the Stuttgart Regional Court has dismissed a 1.4-billion euro ($1.95B US) lawsuit, the decision explained by the court's assertion that the investors would have lost on their short bets even if Porsche hadn't misled them.
Examining the hedge funds' motives for stock purchases and the bets that VW share prices would fall, judge Carola Wittig said that the funds didn't base their decisions on the key bits of "misinformation," and instead were participating simply in "highly speculative and naked short selling," only to get caught out.
With other cases still pending, the continued streak of victories bodes well for Porsche's courtroom fortunes, since judges will expect new information to consider overturning precedent. If there is any new info, it could come from the potential criminal cases still outstanding against former CEO Wendelin Wiedeking and CFO Holger Härter, who were both indicted on charges of market manipulation.