VW plans 2 new SUVs to expand appeal beyond Tiguan
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VW's two SUVs sold in the United States have a more than $20,000 gap in pricing with the smaller Tiguan pictured starting at $22,840 and the Touareg beginning at $43,375. |
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BERLIN -- Volkswagen AG plans to expand its lineup of SUVs with two new models in the coming years as part of a goal of overtaking General Motors Co. and Toyota Motor Corp. in deliveries.
One of the new models will be bigger than the Tiguan SUV to appeal to U.S. drivers and provide a seven-seat alternative to a minivan, said Peter Thul, a spokesman for the company.
The other SUV will be a compact model smaller than the Tiguan, according to Thul, who was confirming comments made by development chief Ulrich Hackenberg in an interview with Automobilwoche, a sister publication of Automotive News.
Smaller crossovers are among the fastest-growing light vehicle segments in North America as U.S. consumers seek enhanced fuel economy and greater functionality.
Volkswagen is expanding its lineup to offset weak demand in Europe as it pursues its goal of becoming the world's largest automaker by 2018.
Growth in China and the United States helped the company increase deliveries 9.7 percent to 6.71 million vehicles in the first nine months of 2012, even as demand in Europe is set to drop for the fifth straight year.
In the United States, in addition to the Tiguan, VW markets the Touareg SUV and Routan, a minivan sourced by Chrysler Group LLC.
Bloomberg and David Phillips contributed to this report
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