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

Ford Sollers Company launched a new engine production in Yelabuga, investment in which was more than $275 million. As it was noted, the company is the first such project of the foreign car brand in Russia. The plant began the production of gasoline engine with a capacity of 1.6 liters Duratec, whic... Read more

Reputable German investors are planning to soon start construction of two plants for car components in Moldova. Told CEO of the Free Economic Zone (FEZ) Balti, Chairman of the Association Patronage processing industry Marin Ciobanu said the plants to be built in Cahul (30 thousand sq. m) and Lewisv... Read more

Mladá Boleslav, Kvasiny and Vrchlabí are again running at full capacity after a two- to three-week break for optimisation and expansion. Amid a range of adaptations, the main focus was the planned production conversion at Kvasiny. In order to accommodate a production increase at Kvasi... Read more

The head of VAAID concerned that the new tax was not discussed with any association, either with 18 other business associations. None of the 18 heads of business associations interviewed by VAAID CEO Oleg Nazarenko were invited to discuss recent tax initiatives of Ministry of Finances of... Read more