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Auto execs surveyed say VW, BMW most likely to grow

A new survey of top global automotive executives indicates both Volkswagen and BMW are the most likely to grow their market share over the next five years.
Tax advisory firm KPMG LLP has released its 14th annual Global Automotive Executive Survey, which includes responses from over 200 executives. A total of 81 percent of respondents said they expect to see Volkswagen make gains, compared to 70 percent last year. BMW, meanwhile, saw 70 percent of those surveyed say they believe the company will increase its market share. That's a jump of 7 percentage points over last year. This is the first time in the history of the survey that BMW has claimed the second-place spot.
Meanwhile, Hyundai has seen its perceived market share potential slacken for the third year in a row. Around 61 percent of those surveyed predicted gains for Hyundai, down from 63 in 2012. Toyota also has a surprising year, but for just the opposite reason. While the manufacturer had slipped in ranking since 2011, it enjoyed the largest increase of any company in the 2013 survey, jumping to 68 percent from 44 percent last year.

Volkswagen Golf voted 2013 European Car of the Year

The seventh-generation Volkswagen Golf just went on sale in Europe, but it is already off to a promising start. Announced as the Geneva Motor Show kicked off, the newest Golf was named European Car of the Year for 2013 in dominating style over cars like the Subaru BRZ/Toyota GT86 twins, Volvo V40, Ford B-Max and Mercedes-Benz A-Class.
According to Automotive News Europe, the MkVII Golf won handily over its rivals with a total of 414 votes. The Subaru BRZ and Toyota GT86 received 202 votes finishing in a distant second, while the Volvo V40 (189 votes), Ford B-Max (148 votes) and Mercedes-Benz A-Class (138 votes) round out the top five. The new Golf marks the third Volkswagen product to receive the prestigious award with previous cars including the MkIII Golf and the most recent iteration of the Polo.

VW must explain diesel fix by Nov. 20 in California

The state of California has long been ahead of the game when it comes to enacting laws limiting greenhouse gas emissions from light-duty vehicles in the US. Now, it looks like the Golden State is again leading the pack as it tries to get to the bottom of the Volkswagen diesel-emissions scandal that has shaken up much of the automotive industry. In fact, while VW has come out and said vehicle recalls wouldn't likely start happening until at least January, the state is giving VW until Nov. 20 to outline how it will repair its diesel-powered vehicles to comply with emissions mandates, Reuters says, citing a spokesman with the California Air Resources Board. That deadline coincides with the 45-day mark after VW received its Sept. 18 compliance letter about the diesel issue. In fact, California regulators may well start testing non-VW diesel vehicles to see if any other automaker installed software that would cause diesel emissions to be underestimated. Other German automakers such as BMW have boosted their diesel-vehicle production in recent years in an effort to meet tightening greenhouse-gas emissions and fuel-economy standards. VW has estimated that as many as 11 million light-duty diesel vehicles may include cheating software. Given that California is the largest US auto market, many of those vehicles are tooling around the state. In all, Volkswagen has earmarked $7.3 billion to address the scandal's issues, while former CEO Martin Winterkorn has stepped down and has been replaced by Matthias Muller. Related Video: