By Engelbert Wimmer
The main issue within the car has led to a race among Volkswagen, as challenger, and Toyota, as tattered worldwide marketplace chief. if it is theGerman or theJapanese company that takes pole place, the winner will swap the stability of energy within the car and paved the way to the vehicles of the long run.
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Extra resources for Motoring the Future: VW and Toyota Vying for Pole Position
The aim is to rebrand the entire identity of automobiles as being clean, efficient and environmentally friendly. These are the words that car companies want consumers to associate their products with, which has led several manufacturers to avoid any colors that could be likened to soot, sulfur or other pollutants. Even luxury manufacturers are coming to terms with the idea that it is becoming increasingly difficult to sell cars with above-average fuel consumption and an image as a significant polluter.
The International Petroleum Investment Company Ipic, as the Abu Dhabi investment fund is known, bought 70 percent of Ferrostaal from MAN for about US$650 million in 2009. Since then, however, Ferrostaal has become the target of a corruption investigation in Germany over contracts in several countries stretching back decades. The ongoing bribery investigation relates to the time when Ferrostaal was still part of MAN. MAN is now locked in a dispute with Abu Dhabi’s International Petroleum Investment over the costs of the bribery scandal, and Ipic is trying to block a provision of the Ferrostaal deal requiring it to buy MAN’s remaining 30-percent stake.
In China, Volkswagen has stakes in two joint ventures with government-owned companies: Shanghai Volkswagen Automotive in the country’s southern region since 1984, and FAW Volkswagen in the north of the country since 1990. In 2010, Volkswagen employed a total of about 41,000 people in China and operated four production plants for vehicle assembly and four more for components. Over 1600 employees working in technical development make the People’s Republic the Group’s second most significant research and development center after Europe.