Cars
The VW Group is already the largest foreign investor in Russia. Since 2006, it has invested nearly €1 billion (US$1.3 billion) in facilities and new models and just last week, it announced the allocation of a further €840 million (US$1 billion) in the next three years.
- Vw Will Invest More Money On New Products, Plants And Tech Than Puerto Rico's Gdp!
Do you know how much the VW Group will invest in new models, environmentally friendly technologies and production facilities in the coming five years? €85.6 billion or about US$106.2 billion at today's rates. Read more »...
- All-new Acura Nsx To Be Built In New Ohio Facility From 2015
Honda's luxury arm Acura today announced that the much-anticipated NSX supercar will be built in Ohio at a new Performance Manufacturing Center. The $70 million (€53.9 million) production plant that will occupy 184,000 square feet (17,100 square...
- Ford's Second Quarter Profit Drops $1.4 Billion, Big Losses In Europe
The Blue Oval reported today a second quarter profit of US$1 billion (€827 million), down 57 percent or US$1.4 billion (€1.16 billion) over the same period last year, as the company's losses in Europe piled up. Net income in the first...
- Chrysler Reports Net Profits For The First Time Since Emerging From Bankruptcy
On Monday, the Chrysler Group LLC reported its first quarter gains since exiting bankruptcy almost two years ago in June 2009. The Auburn Hills-based automaker, which is now operated by Fiat S.p.A., said net income totaled $116 million in the first quarter...
- Skoda Begins Full Production Of Fabia In Russia
The facelifted version of the Fabia supermini has become the second model in the Skoda range after the Octavia to enter full-cycle production at the VW Group's Kaluga plant in Russia, the automaker announced today. Full-cycle production includes...
Cars
VW Group Starts Building New Engine Plant in Russia, Operations to Commence in Early 2015
The VW Group is already the largest foreign investor in Russia. Since 2006, it has invested nearly €1 billion (US$1.3 billion) in facilities and new models and just last week, it announced the allocation of a further €840 million (US$1 billion) in the next three years.
Nearly €250 million (US$326 million) will be spent building a brand-new, 30,000 square-meter engine plant next to its existing vehicle facility at Kaluga, which currently produces the VW Polo and Tiguan and the Skoda Fabia and Octavia models.
Read more »- Vw Will Invest More Money On New Products, Plants And Tech Than Puerto Rico's Gdp!
Do you know how much the VW Group will invest in new models, environmentally friendly technologies and production facilities in the coming five years? €85.6 billion or about US$106.2 billion at today's rates. Read more »...
- All-new Acura Nsx To Be Built In New Ohio Facility From 2015
Honda's luxury arm Acura today announced that the much-anticipated NSX supercar will be built in Ohio at a new Performance Manufacturing Center. The $70 million (€53.9 million) production plant that will occupy 184,000 square feet (17,100 square...
- Ford's Second Quarter Profit Drops $1.4 Billion, Big Losses In Europe
The Blue Oval reported today a second quarter profit of US$1 billion (€827 million), down 57 percent or US$1.4 billion (€1.16 billion) over the same period last year, as the company's losses in Europe piled up. Net income in the first...
- Chrysler Reports Net Profits For The First Time Since Emerging From Bankruptcy
On Monday, the Chrysler Group LLC reported its first quarter gains since exiting bankruptcy almost two years ago in June 2009. The Auburn Hills-based automaker, which is now operated by Fiat S.p.A., said net income totaled $116 million in the first quarter...
- Skoda Begins Full Production Of Fabia In Russia
The facelifted version of the Fabia supermini has become the second model in the Skoda range after the Octavia to enter full-cycle production at the VW Group's Kaluga plant in Russia, the automaker announced today. Full-cycle production includes...