German concern Volkswagen plans to invest 1.2 billion euros by 2018 in Russia in the development of new models of cars and the further localization of production, according to the information materials to the working visit of Russian Prime Minister Dmitry Medvedev in Kaluga. At the moment, the inve... Read more

Deputies will try to resolve the problematic issues in the Tax Code with respect to the purchase and sale of used cars by legal entities, including car dealers. It is expected that the new bill will allow the program to launch full trade-in through authorized dealers. The bill №3046 was prepared by... Read more

SEAT has announced that it will invest around EUR3.3 billion (USD3.69 billion) between 2015 and 2019. According to a statement released by the brand, the announcement coincided with a visit by Spanish prime minister Mariano Rajoy to the automaker's site in Martorell (Spain). SEAT executive committee... Read more

Manufacture of motor vehicles in Ukraine in January-August 2015 decreased by 83% year over year (yoy) – to 4,218. According to the association Ukravtoprom, the production of passenger cars in the reporting period decreased by 87% - to 2,914. Only 921 commercial vehicles were manufactured, whi... Read more

The search for a successor to Ferdinand Piëch has come to an end as the Volkswagen Group has nominated a new chairman. The Executive and Nomination committees of VW's Supervisory Board have put their weight behind one Hans Dieter Pötsch, who currently serves on the company's management boa... Read more