• Business Mag Search: Companies > Companies

      Receive the "Company" Newsletter by email

  • Volkswagen is discontinuing the iconic Beetle after 80 years on the market

    8 days ago - By Chron

    Matthew DeBord/BI
    Volkswagen announced it will stop worldwide production of the iconic Beetle by summer 2019. The move comes as the auto market continues its march toward SUVs and crossover vehicles.
    The company sold roughly 15,000 Beetles in the US in 2017, a dramatic fall from the more than 420,000 units sold at the peak of its popularity in the late 1960s.
    Volkswagen sold its most Beetles in the US in 1968, when it appeared as a race car named "Herbie" in the Disney movie, "The Love Bug."
    Volkswagen will stop making its iconic Beetle after nearly seven decades on the market, the German...
    Read more ...

     

  • VW to stop making iconic Beetle next summer

    8 days ago - By Chron

    DETROIT - After selling it on and off in the U.S. for nearly seven decades, Volkswagen has decided to squash its iconic Beetle.
    The company's American unit announced Thursday that it would end global production of the third-generation bulbous bug in July of next year after offering two special editions for sale.
    The compact Beetle was introduced in Germany in 1938 during the Nazi era and came to the U.S. 11 years later, where it became a symbol of utilitarian transportation often used by hippies. The iconic car sold for about 30 years before U.S. sales stopped in 1979. The last of the...
    Read more ...