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He was the son of racecar driver Bob Holbert, who also ran a Volkswagen-Porsche dealership in Warrington, PA, near Philadelphia (one of the first Porsche dealerships in the USA). Holbert worked for Roger Penske while studying at Lehigh University , where he graduated with a B.S. in Mechanical Engineering in 1968. [ 3 ]
Under him and his successor as president of Volkswagen of America, J. Stuart Perkins, VW's U.S. sales grew to 569,696 cars in 1970, an all-time peak, when Volkswagen captured 7 percent of the U.S. car market and had over a thousand American dealerships. The Volkswagen Beetle was the company's best seller in the United States by a wide margin.
In the United States, a car dealership is a business that sells cars. A car dealership can either be a franchised dealership selling new and used cars, or a used car dealership, selling only used cars. In most cases, dealerships provide car maintenance and repair services as well as trade-in, leasing, and financing options for customers.
Volkswagen AG purchased the remaining stake in Porsche AG equaling 100% of the shares in Porsche Zwischenholding GmbH, effectively becoming its parent company as of 1 August 2012. [43] Volkswagen AG completed the purchase of 19.9% of Suzuki Motor Corporation's issued shares on 15 January 2010.
Volkswagen Group's global headquarters are located in Volkswagen's historic home of Wolfsburg, Germany. [84] [85] Volkswagen Group, as a unit, is Europe's largest motor vehicle manufacturer, with over 74,000 employees and over 7,700 dealerships. [86] For a long time, Volkswagen has had a market share over 20 per cent. [87]
Volkswagen Westmoreland Assembly was a manufacturing complex located 35 miles (56 km) southeast of Pittsburgh in Westmoreland County, Pennsylvania, near New Stanton — and noted for manufacturing 1.15 million Volkswagens from 1978 until 1987. [1]
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