Home From the Wires VW gets $70 billion to build a "global car"

VW gets $70 billion to build a "global car"

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Monday, February 11, 2013

 

Reuters: Ulrich Hackenberg isn't yet a household name but if Volkswagen's $70 billion bet on his big idea pays off, he may join the likes of Henry Ford, Alfred Sloan.

Since the heyday of Henry Ford and his Model T, the world's automakers have considered the "global car" to be their Holy Grail - the same basic design that can be built, in subtle variations, and sold in different markets.

 

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