12 brands will be combined in groups of four holding. Creating a decentralized system should increase the effectiveness of Europe's largest automaker On the change of corporate structure Volkswagen Group reported the German economic newspaper Handelsblatt citing sources of the company. Reforms are... Read more

Prof. Dr. Jochem Heizmann, Member of the Board of Management of Volkswagen and President and CEO of Volkswagen Group China, and Chen Zhixin, President of SAIC Motor Corporation, signed a key agreement on the automobile future of the Volkswagen Group in China at the Volkswagen Group Forum DRIVE in Be... Read more

Sales of used cars fell by 0.6% In the automotive market of Ukraine in May were carried out 5574 initial registrations of motor vehicles, 2151 of which (39%) were in use. Compared with April, the overall result is less than 0.3%, used vehicles - minus 0.6%, according to the website of th... Read more

Volvo which is engaged in the production of trucks in Russia, may start production of passenger cars. It was reported by the newspaper "Izvestia" referring to the president of the Russian representation of Volvo Cars Michael Malmsten. According to him, the company is currently preparing a feasibili... Read more

Ministry of Economic Development and Trade (MEDT) canceled the mandatory certification of new cars. It was announced on the Facebook page of Deputy Economic Development Minister Maxim Nefedov. According to him, last week there was signed a joint plan for the transition by 01.01.2016 by the Ministry... Read more