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The world's largest automaker is looking to reduce managerial staff at its sales headquarters in Torrance, Calif., by offering workers a buyout.
A slowly brightening economy combined with low financing rates and generally stable fuel prices have put consumers in a buying mood. New models, particularly from Ford and GM, are also helping to keep U.S. auto sales on a positive trajectory as 2011 starts.
Carmakers are expected to report a mixed picture for October sales: mostly better than a year ago, but down slightly from September. Still, the pace appears strong enough that the upper end of full-year forecasts is reachable.
VW has set a hefty goal for itself: to displace Toyota as the world's No. 1 car company. The German automaker is actually within reach, thanks mainly to its huge lead in China. To overtake Toyota, however, VW will need to really ramp up sales in the American market.
Kia, however, may soon the face the sort of scrutiny directed at Toyota and Honda. The National Highway Safety Administration on Monday said it's begun a preliminary investigation into steering problems involving the 2010 Kia Soul.
Toyota is reportedly preparing to recall at least 311,000 2010 Priuses to fix a problem with their brakes. Unlike the mechanical issues which led to the two recent recalls of 8 million Toyotas for unintended acceleration, the problem with the Prius is apparently a software issue.

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BAC
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8.10-0.09
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ALU
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GE
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F
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12.41-0.28
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LNKD
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ALU
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% Losers

KV-A
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1.45M
KV-B
K-V Pharmaceutical Co. Class B
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