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Volkswagen Reports Historic Sales Year
Volkswagen of America reported 77,524 Volkswagen Passat sedans sold year-to-date, making 2012 the best year of Passat sales ever in the United States, according to a company news release. This number surpasses the previous total year sales record, established in 2001.
Passat by the numbers
2001: In 2001, the Volkswagen Passat, a niche player in the mid-size sedan segment, has its best year ever selling 77,523 vehicles for the year.
2011: In January 2011, the all-new Passat makes its debut at the North American International Auto Show in Detroit. This was followed up with the award-winning commercial “The Force” which premiered during the Super Bowl in February of 2011. The first Passat was delivered in September of 2011. The all-new Passat is the only midsize sedan that offers German engineering at an accessible price. The Passat also began its long list of accolades when it was named a 2011 IIHS Top Safety Pick by the Insurance Institute for Highway Safety (IIHS), the highest possible rating from the non-profit safety research organization. The year ends with the announcement that the Passat received the coveted Motor Trend 2012 Car of the Year award.
2012: The Passat continues a year of accolades and bests as it starts off the year receiving many honors including Kelley Blue Book’s Family Car of the Year, and Cars.com’s “Best of 2012.” Most recently, the Passat was awarded top-rated premium mid-size car in the Autobytel and AutoPacific 2012 Vehicle Satisfaction Awards, and was recognized as the Most Ideal Premium Mid-Size Car for 2012 as part of AutoPacific’s New Vehicle Satisfaction Survey.
1626.1: In May 2012, a new record of 1626.1 miles is achieved on one tank of ultra-low sulfur diesel fuel under real world driving conditions. Over the course of three days and driving through nine states, John and Helen Taylor averaged 84.1 miles per gallon, spending only 4.65 cents per mile. The Passat’s 2.0-liter TDI Clean Diesel inline four-cylinder engine produces 140 horsepower and 236 pound-feet of torque and with a manual transmission delivers an EPA estimated fuel economy rating of 43 mpg on the highway. The TDI engine is equipped with a Selective Catalytic Reduction System (SCR) that fulfills emissions requirements in all 50 states.
100,000: In May 2012, Volkswagen Chattanooga achieves a significant production milestone with the completion of the 100,000th Passat just nine months after start of sales in September 2011. As the only manufacturing facility in the world to be certified as LEED Platinum by the U.S. Green Building Council, the plant is considered the most environmentally friendly automotive plant worldwide. In 2012, Volkswagen Chattanooga also announced it was hiring an additional 1,000 employees in order to keep up with the growing demand of the Passat.
77,524: On September 19, 2012, the 77,524th Passat is sold at Quirk Volkswagen, a dealership, in Braintree, Mass. In just nine months, 2012 officially becomes the best-selling year for the Volkswagen Passat surpassing the previous total year sales record, established in 2001.
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Last Update on November 28, 2014 08:26 GMT
WTO-GLOBAL TRADE DEAL
GENEVA (AP) -- The World Trade Organization has pulled off a major deal that could boost global commerce by $1 trillion annually after years of negotiation.
Diplomats says the deal approved Thursday is the first multilateral trade agreement in the organization's 20-year history. It will go into effect after all 160 member countries ratify, expected sometime next year.
A U.S.-India deal this month over food stockpiling by India cleared the way for the agreement that U.S. Trade Representative Michael Froman said "preserved the letter and spirit of the package of decisions" reached at a WTO summit last December in Bali.
European Union Trade Commissioner Cecilia Malmstroem said the deal will "lift millions out of poverty."
VIENNA (AP) -- OPEC oil ministers have decided to keep their present output target at 30 million barrels a day, despite an oversupply of crude and plunging prices.
The decision Thursday was expected. OPEC oil power Saudi Arabia had indicated before the meeting that it favors the status-quo.
The Saudis are the top producers within the 12-nation organization and effectively decide the cartel's policy.
Some less well-off members had favored a cut, to reduce supplies and push prices back up. But because of booming shale production in the U.S, that would not have made a sizable dent in supply.
TOKYO (AP) -- Japan's inflation rate fell to a six-month low, highlighting the difficulty Prime Minister Shinzo Abe faces in his campaign to overcome deflation in the world's third-largest economy.
The core consumer price index, excluding fresh foods, rose 2.9 percent in October from a year earlier, according to data released Friday. Excluding the impact of a 3 percentage point sales tax hike in April, it rose 0.9 percent.
The tax hike broadsided the recovery as consumers and companies reined in spending after splashing out early in the year. Retail spending and household incomes also fell in October from a year earlier.
Other data for October were mixed. Industrial output edged up from the month before but fell 1 percent from a year earlier. The unemployment rate eased slightly.
NEW YORK (AP) -- It's what's quickly becoming a new holiday tradition, gift shopping on Thanksgiving.
Just a few years ago when some stores started opening late on the holiday, the move was met with resistance from workers and shoppers who believed the day should be sacred.
Last year, more than dozen major retailers opened at some point on Thanksgiving evening. And this year, at least half of them opened earlier in the evening.
The Thanksgiving openings are one way retailers are trying to compete for Americans' holiday dollars. Retailers used to focus sales promotions on Black Friday. But increasingly, they've been pushing promotions earlier to grab deal-hungry shoppers' attention.
The National Retail Federation expects 25.6 million shoppers to take advantage of the Thanksgiving openings and it's starting to take a bite out of Black Friday business. Indeed, sales dropped 13.2 percent to $9.74 billion on Black Friday last year.
BUENOS AIRES, Argentina (AP) -- Argentina's tax agency charged HSBC bank Thursday with helping more than 4,000 Argentines evade taxes by placing their money in secret Swiss accounts.
The head of the country's AFIP tax agency, Ricardo Echegaray, said Argentine citizens evaded about $3 billion in taxes that were handled by intermediaries through a network of offshore accounts.
Echegaray alleged that some of those accounts in Geneva are owned by HSBC Argentina's president and other bank executives. He did not say if the bank's operations had been suspended in Argentina.
AFIP said it got its information from France, where HSBC was placed under formal investigation last week for possibly aiding tax evasion. The banking company has also been charged in Belgium with organized fiscal fraud.
HSBC said it respects Argentine laws and has committed no wrongdoing.
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