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Volkswagen Group returns to profitability with new record for sales revenue and operating result in 2016

Green Car Congress

The Volkswagen Group made progress in 2016 in overcoming its self-inflicted diesel crisis. Sales revenue in fiscal year 2016 rose by €4.0 The Group therefore reached not only its targets for 2016 but also a new record, helped in particular by increases in Western and Central European markets and in the Asia-Pacific region.

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Volkswagen to offer refreshed Tiguan with new plug-in hybrid powertrain in Europe

Green Car Congress

As far back as 2016, Volkswagen unveiled a Tiguan PHEV concept, based on the second-generation Tiguan. This versatile vehicle is available for sale in 80% of countries in the world and is the most successful SUV on the market in Europe. The second-generation Tiguan arrived on the market in April 2016. Earlier post.).

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Volkswagen Group outselling GM in China

Green Car Congress

For the first nine months of 2016, retail sales by GM and its joint ventures in China increased 9% on an annual basis to a record 2,718,315 units. of those September 2016 deliveries. While the situation in Brazil in particular remained tense, there was significant growth on the Chinese market. of total group sales.

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Opinion: Is Russia Plotting To Bring Down OPEC?

Green Car Congress

per barrel prices in 2015 and 2016, oil export revenues will undershoot these pessimistic IMF projections, as crude prices are projected to stay below $60 through 2016 (EIA estimates for Brent are $54.07 in 2015 and 2016 respectively). in 2015 and 2016 respectively). billion respectively). Wary of U.S.

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BMW Group electrified global sales top 10,000 in single month for first time; up 64.2% YTD; 3.8% of total sales

Green Car Congress

BMW Group sales of electrified vehicles in September topped the 10,000 mark for the first time in a single month; a total of 10,786 (+50.5%) BMW i, BMW iPerformance and MINI Electric vehicles were delivered in September, bringing the year-to-date total to 68,687 (+64.2%). September also saw growth in overall BMW Group sales.

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