William Maley
Staff Writer - CheersandGears.com
December 12, 2013
Surprising news coming from Volkswagen today. Jonathan Browning, CEO of Volkswagen of America has stepped down. In a statement, Volkswagen says Browning has left for personal reasons.
A former executive for Ford and General Motors, Browning became CEO of Volkswagen of America in 2010. During his tenure, Volkswagen saw sales rise 23 percent in 2011 and 30 percent in 2012. This year has seen sales decline five percent through most of this year with sales standing at 373,689 vehicles. Meanwhile, the automotive industry is experiencing growth of eight percent in the same time frame.
Browning's replacement is Michael Horn. Horn has been with Volkswagen since 1990. Before being announced as the new CEO, Horn was the head of VW global after sales.
Source: Automotive News (Subscription Required), Volkswagen
William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.comor you can follow him on twitter at @realmudmonster.
Press Release is on Page 2
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