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In the news: Martin Winterkorn Authentic Seattle Seahawks Jersey , Volkswagen?s new chief executive officer has released a statement saying that Europe?s largest carmaker and manufacturer of quality Volkswagen Cabrio parts intends to fill ?lucrative market niches? with all new models as he tries to reduce excess capacity and boost profit.

In a letter sent to Volkswagen?s employees, Winterkorn stated that ?The Volkswagen brand is far from tapping its full potential.? The new CEO of Volkswagen will make an official public statement on the plans for the brand after taking over as CEO of the Wolfsburg, Germany-based Group last January 1, 2007.

Volkswagen?s CEO said that he plans to beat a target of increasing the group?s pretax profit by fivefold to 5.1 billion Euros or $6.6 billion USD in 2008 from 1.1 billion Euros in 2004. The car maker said that the Volkswagen-brand plants operate at a mere 80% capacity Authentic San Francisco 49ers Jersey , compared with 97% at Bayerische Motoren Werke AG and 93% at Toyota Motor Corp.

According to Stephen Pope head of equity research at Cantor Fitzgerald in London, ?I am pleased that Winterkorn is looking at gaps in the VW lineup as the auto market is about niche designs as opposed to small-medium-large. The difficulty lies in the fact that the niche areas are already crowded.''

Supervisory Board Chairman Ferdinand Piech has named his long-time prot?g? Winterkorn as Volkswagen?s new CEO last November as replacement for former VW CEO Bernd Pischetsrieder. After taking over Volkswagen, CEO Winterkorn has immediately decide to reorganize the company and run the Volkswagen brand himself pushing out Wolfgang Bernhard whose last day at Volkswagen is until tomorrow.

Volkswagen?s shares is continuously rising and at present it gained 1.36 euros or 1.6% increase making the VW?s shares to cost 86.66 euros. The stock gained at least 76% over the last 12 months. Bernhard has planned to introduce new models to fill in market niches and that includes the introduction of a new version of the Sciroco sports hatchback, a compact sport-utility vehicle and a minivan that Volkswagen is building with DaimlerChrysler AG.

But unfortunately Winterkorn has plans of its own and his first agenda is to reconsider the proposed hybrid powertrain policy of former Bernhard. Similarly the original plan of introducing hybrid versions of lower-end models such as Golf and Jetta again part of the former CEO?s project was again revoked by new CEO Winterkorn saying that the whole project is too expensive to be successful.

In fairness to former Volkswagen CEO Bernhard Pischetsrieder Authentic Pittsburgh Steelers Jersey , he has helped a lot in making Volkswagen into the giant it is today. It should be noted that just last year, 2006, Volkswagen models were the best sellers and take note in most market segments covered by Germany?s Federal Bureau of Motor Vehic. Cheap Jerseys Cheap NFL Jerseys Cheap NBA Jerseys Free Shipping Cheap NCAA Jerseys Online Cheap Nike NBA Jerseys China Wholesale Jerseys From China Cheap Adidas NHL Jerseys From China Cheap Nike NFL Jerseys China Wholesale Cheap Womens College Jerseys Wholesale MLB Jerseys From China