Cars
Volkswagen Considering Buying Serbian Carmaker Zastava
According to Germany's Handelsblatt newspaper, Volkswagen AG is looking into buying the Serbian state-owned carmaker Zastava in order to gain additional production sites in Eastern Europe. Although the newspaper says that VW representatives visited a Zastava plant in Serbia ahead of the Easter holidays, a spokesman for the German company told Handelsblatt that Volkswagen has not yet decided whether to bid for the carmaker. Zastava is currently 99.9 percent-owned by the Serbian government, which aims to sell 98.8 percent of shares according to the report.
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Bmw Reportedly Investing €3 Billion To Develop Its "i" Ev Range
BMW will invest a total of €3 billion ($3.89 billion) for its range of “i†EV vehicles by the end of this year, according to a report from German newspaper Handelsblatt. The money comes from profits BMW makes in booming markets like...
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Yugo 55e Wants To Be A Bmw 3-series When It Grows Up
Ah, Yugo, once Yugoslavia's and then Serbia's pride and joy in the automotive industry. The Yugo was produced by Zastava Automobile, which succumbed to Fiat's lure in 2008, with the Italian carmaker now using its Serbian factory in Kragujevac...
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Vw Group To Make Final Decision On U.s. Plant This July
For the first time the VW Group has set a specific timetable to decide whether or not it will create a U.S. plant in order to offset the impact of the weak dollar. According to an interview that VW Group’s CEO, Martin Winterkorn gave to German...
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Porsche Denies Reports About Increasing Vw Stake To 75 Percent
Porsche has denied a weekend report in Germany's second biggest news magazine, Focus which claimed that the sportscar maker plans to raise its Volkswagen stake to 75 percent in order to approve a domination agreement at a shareholder meeting. Last...
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Chery: Chrysler Deal Still On
Despite a recent report on German newspaper Handelsblatt that said Chery wanted to re-examine a deal to build small cars for Chrysler due to the sale of the latter to Cerberus, the Chinese car maker has still got the hots for Chrysler. A Chery spokesman...
Cars