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Volkswagen is seeking a new agency to handle its business in Puerto Rico, Central America, Colombia and Venezuela after Omnicom's Del Rivero Messianu DDB, Coral Gables, Fla., resigned the account. President-CEO Eduardo del Rivero said in a statement, "Creative development was restricted and compensation seriously reduced. Obviously, there was no reason to continue."... The Bellwether Report, a U.K. quarterly survey of marketing budgets, said that marketing spending in the U.K. was revised downward for the third consecutive quarter, but that the rate of decline is slowing. The war in Iraq, weak sales, a drop in profits, and fears over economic growth were cited as factors in the report by NTC Research.
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