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New Sasol GTC cars set for thrills

The iconic Grand Prix Circuit will present a new challenge to the GTC drivers as they tackle the country’s fastest racetrack on June 16.

Suzuki’s new Swift hatch and sedan in SA

Suzuki kicks off its new model assault with an all new Swift hatchback and standalone sedan called the Dzire.

VW cuts costs of next Golf

2008-06-10 08:47
 

Volkswagen is to cut production costs of the next Golf by about 1 000 euros per vehicle as part of a cost-saving programme, reports the Wall Street Journal.

The German carmaker is due to unveil the sixth-generation Golf at the Paris Motor Show in September. VW has struggled to make money with the outgoing model, which has been in production since 2003 but has been profitable for only the past two years.

According to the Wall Street Journal, VW will keep the current model's platform for the new Golf to achieve the cost-cutting.

The cuts are part of a broad effort to reduce costs and improve profit through simplification. The Wall Street Journal said that VW is eager to reach a return on investment of more than 10% in its auto division in the medium term, from 9.5% last year.

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