The new enterprise with 5 thousand working places will soon open in Oliyivka Zhytomyr region. This social function is complemented with 30 million euro investment. This was announced during a meeting of the Investment Attraction RSA by chairman Sergei Mashkovskyy. Head of the region urged the licens... Read more

If a major financial services company's estimate is accurate, Volkswagen's TDI diesel emissions scandal could cost the automaker up to $86 billion. Credit Suisse has advised investors that other estimates aren't adequately taking into consideration secondary costs and cascading fallout from the sca... Read more

Despite the ongoing scandal over the use of manipulative software in its diesel engine vehicles, Volkswagen reported surprise increase in September sales on Thursday.  The German automaker saw its U.S. sales increase 0.6 percent last month, surging past forecasts of a 7.3 percent decline, acco... Read more

BERLIN (Reuters) -- Volkswagen Group will launch a recall for cars in Europe with software that skirts diesel emissions tests starting in January and will complete the fix by the end of next year,  CEO Matthias Mueller said in an interview with a German newspaper. "If all goes according to pla... Read more

Tesla Motors has opened its first plant in Europe in the Dutch city of Tilburg.  The facility is part of the electric car manufacturer’s plans to boost sales in Europe and achieve its goal of producing half a million cars a year worldwide by 2020.  The Dutch plant is the first Tesl... Read more