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Volkswagen industry background
Introduction of Volkswagen
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The Volkswagen Group, known as the People’s Car, has been a very successful company since the beginning of its foundation back in 1937. (Volkswagen is founded, 2014) The Volkswagen Group is well known for its achievement of being one of the world leaders in the auto making industry. Volkswagen is also identified as the corporate Volkswagen Group, but there is also the co-brand that is consisted of twelve other car makers such as Audi and Porsche. The marketing mix of this company has focused on producing various types of vehicles that can respond to all its customers’ needs. The Volkswagen product offers from small vehicles such as the VW Golf, to medium vehicles such as the VW Jetta and to bigger vehicles such as the WV Tiguan. The price of purchasing a Volkswagen vehicle depends on many factors such as the product type, the engine size, the fuel type, customization and also the location. Currently, Volkswagen has 106 manufactures all around the world and also sells its products in 153 countries. (Volkswagen, 2013) The Volkswagen’s main promotional strategy implements the financing options to the consumers when they want to purchase a Volkswagen vehicle.
The Volkswagen vehicles are categorized as luxury exported vehicles that are affordable for the buyers. The vehicles were developed to accommodate the needs of the customer such as the comfort level of the seats and by maximizing the space in the vehicles. The company has focused on presenting high quality vehicle to provide safety and power on the road. However, there are still many challenges and opportunities that Volkswagen could change in order to reposition itself in the market. That reason is strongly believed since Volkswagen has many competitors in this market. There ...
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...aw-Hill. (2013). Integrated Marketing Communications.
UK Essay. (2014). Retrieved from brand strategy adopted by an automobile company Volkswagen: http://www.ukessays.com/essays/marketing/brand-strategy-adopted-by-an-automobile-company-volkswagen-marketing-essay.php
Volkswagen. (2013, December 31). Retrieved from The Group: http://www.volkswagenag.com/content/vwcorp/content/en/the_group.html
Volkswagen. (2013, February 12). Retrieved from Sales and Marketing: http://annualreport2012.volkswagenag.com/managementreport/value-enhancingfactors/salesandmarketing.html Volkswagen. (2013). Retrieved from Stakeholder management: http://nachhaltigkeitsbericht2012.volkswagenag.com/en/strategy/stakeholder-dialogue/stakeholder-management.html
Volkswagen is founded. (2014). Retrieved from The History Channel: http://www.history.com/this-day-in-history/volkswagen-is-founded
In the 21st century, there are too many vehicles on the highway and most people drive a vehicle all around the world. According to Tencer, ‘’The global number of cars exceeded 1.015 billion in 2010, jumping from 980 million the year before’’ (2013). If a person is thinking about driving a vehicle, there are two options that can bring different experiences. SUVs are 4x4, strong, big, and more dangerous than sedans. While, sedans are fast, small, and the more popular choice. Driving a SUV and sedan are different in terms of safety, power and comfortable.
The world of technology is ever changing and advancing. With the automotive industry in play technology is constantly surpassing what is available today with what can be done for tomorrow. Technology and the automotive industry go hand in hand with constant improvement to components of cars. Due to technology advancement there is competition within the car industry, especially between American car companies and European car companies. European car companies provide their buyers with innovative variety and revolutionary luxuries. European car technology is superior to American car technology due to their safety, entertainment, and luxury features.
No technology has had a greater impact on the American life than the automobile. Where we live, how we work, and how we travel, what our landscape looks like, our environment have all been shaped by the automobile. There isn’t a better place that demonstrates the social, geographic, and political changes brought by the industry than Detroit, the motor city. Detroit was situated to be a center of the American automobile industry. All of the material that was needed to build was easily accessible to the city by the great lakes waterways and by rail. The automobile industry helped people with their everyday lives and changed the way people saw the world.
In 2014, researchers from West Virginia found out that recent models of Volkswagen vehicles were emitting up to 40 times the allowed levels of nitrogen oxides (2). These vehicles had a special software that would determine when the vehicle was in laboratory testing conditions, and the software would then alter the vehicle 's functionality to emit the legal amount of nitrogen oxides allowed by the EPA. The software was found in around half a million vehicles in the United States. In addition to the bad publicity, the Volkswagen scandal will cost the company at least $15.3 billion dollars in compensation to the owners of the affected vehicles (3). In 2016, Volkswagen engineer James Liang pleaded guilty for being a crucial part in developing the illegal software (3). The software was created because Volkswagen was unable to meet the rigorous EPA emission standards. Therefore, a small team of engineers including James Liang decided to cheat the emission exams to allow Volkswagen vehicles to be sold in the U.S.
It is no doubt that automobiles have become a way of life in the current society besides the transport sector contributing immensely to the economic growth of every cou...
No one is ever going to call The Car an original film, as it clearly rips off both Christine and Jawsi, but heck if I care. The Car pulls no punches when it comes to delivering us a killer car on the loose. The movie doesn't bother to go out of its way to provide any sort of reason why this car is terrorizing the small town, but frankly, it's what we don't know that works the best. This is really just a crazy evil coming out of nowhere to mess up your day. The Blu-ray release from Scream Factory does a wonderful job on delivering some solid video and audio, with the blaring car horn driving through your speakers in glorious 5.1 XXXX, but the features a bit on the light side.
Since the beginning of 2000, FAW-Volkswagen has grown rapidly in the face of international competition. Before 2004, the company used the traditional value-chain model, which is based on sales’ production (Mazen, 2010). This is a risky model for a company to follow in a volatile market. Use of the forecasting model provides, no analytical evidence to support different options. Both marketing people and financial management people are under great pressure to balance costs and profits. As a Chinese automaker, FAW-Volkswagen didn’t want to have a passive and disadvantaged position in the industry, so the R& D department began to analyze the build-to-order model of foreign auto manufacturers, and adopted a new value-chain model on this
Audi is majorly owned subsidiary of the Volkswagen (VW) Group and is headquartered in Germany and operation in more than 100 countries. With the commitment the implement progressive technology and its technological ingenuity, by late 1990’s Audi became globally respected brand among luxury automakers. After its entry in luxury sector in early 1990’s, Audi leveraged its ingenuity and gained the competitive edge over the industry parameters of innovative design, safety and performance. Today, Audi remains focused on satisfying on customer needs by building a brand that exemplifies individuality, exclusivity and excellence.
Another strategy used by BMW to differentiate itself from other automakers in the market is the proactive usage of technology and innovativeness in the development of products. From the early 1990’s, BMW has been on the forefront of incorporating technology in its designs in line with the technological advances of the modern world. This has led to the creation of inventive products. The uniqueness of these auto products put BMW in a position of advantage. The development of the hydrogen car as early as 2000 was an indicator of the company’s innovative strategy. In addition, the company also presents itself as environment friendly creating a whole range of vehicles in this category. This is a differentiation strategy meant to boost the company’s image and reputation amongst customers. In addition, this gives the environment conscious customers a variety of products to choose from giving BMW an upper hand in the industry.
As a result of the increased demand of cars, the competition among car companies is becoming intense. Although the market of car is the biggest growing market in the world, there are still some companies who make cars failing year after year. However, there are some outstanding car companies such as The BMW Group performing distinctly.
One of the very first things a buyer should consider when looking for a car is what kind of car he/she wants. Many different factors can affect the car buying process. For one, the buyer must consider how big of a vehicle he/she wants and safety features like airbags, seatbelts, and working brakes. Itemizing a list of accessories can also help narrow down what kind of car to buy. While some people might prefer a Sedan with a large back seat and seat warmers, others may prefer an extreme luxury car with full stereo systems and miniature televisions. Every person has different tastes in accessories; luckily, there is a vehicle that can fit almost every personality. Most new models have the latest technology installed, although some of the “newer” used cars have the option of adding in those accessories. Once the...
Economic factors that affect Porsche Motors include interest rates, taxation changes, economic growth, inflation, and exchange rates. Porsche's market and financial successes are attributed in part to product quality, innovation, strategic partn...
The global company Mercedes-Benz is considered one of the most successful and well-known automotive companies worldwide. Since 1886, the company’s founders Gottlieb Daimler and Carl Benz made history with the invention of the automobile, including the Daimler Group, which is one the biggest producers of premium cars and the world’s biggest manufacturer of commercial vehicles globally (Daimler, 2013). Their main focus is innovation, safety, technology, style, brand image, expansion, and superior automobiles by offering the best of the best to consumers worldwide. The brand’s philosophy is to continuously create radically new products to advance the cause of human mobility. It is also the number one luxury brand in the United States and Germany while continuously expanding in China and Russia as well (Interbrand, 2013). Mercedes-Benz has a great selection on divisions such as cars, trucks, vans, buses, and financial services offered to any consumer or business. Their global reach has increased tremendously by including production facilities in 17 countries on five continents and having 93 locations worldwide. As a pioneer of automotive engineering, their strategy is to continue the same pioneer role with the ongoing development of mobility, especially in the areas of safety and sustainability (Daimler, 2013). It is very essential for the company to focus on consumers’ needs and their highly well known brand in a competitive global economy. That is why the company Mercedes-Benz releases a brand new model every year to stay on top of its competitors by improving previous models. Some strategies practiced are global marketing, global product development, global product pricing, global advertising, global distribution, an...
Market Segmentation, Positioning and targeting for BMW 1.1 Introduction This report aims to examine the market segmentation, positioning and targeting of BMW (automobile company). BMW will be examined giving information about the company and where it is now and any recommendations that we feel are appropriate. 1.2 BMW Company Profile BMW was formed in 1917, from the merger of two small aero engine makers. Their famous blue and white symbol stems from the colours of the Bavarian Luftwaffe and is said to resemble the view of the one of their plane through a propeller. BMW is renowned for its sporty, sophisticated & luxury image which has been built up since the 1970's with many motor sport victories ranging from Touring Car to Formula 1.
With today’s society being the new age of social media, Mercedes Benz has now reached a new high demographically. Websites such as Facebook, YouTube, twitter, and Instagram has jumped on the advertisement bandwagon. Mercedes Benz is now connecting with amazon also to create a whole new experience for the future. Their strategy is to aim for younger buyers through social and digital media influences. Its prestige and revolutionary approach is an example of how their marketing strategy has been very successful. The technology, safety, performance, and interior set its brand far away from other vehicles. Dating back to 1886 Mercedes Benz has a history of making history. Its motor trend has expanded from several different classes and the consumers love them all. These vehicles were designed to be very distinguished with high quality all across the