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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 In spite of further challenges resulting from the diesel issue and the persistently difficult conditions in vehicle markets such as Brazil and Russia, the Group delivered 10.3

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

Green Car Congress

Volkswagen will unveil a refreshed Tiguan SUV later in 2020, featuring new front and rear styling, a redesigned interior and new powertrains, including a plug-in hybrid version for the European market. As far back as 2016, Volkswagen unveiled a Tiguan PHEV concept, based on the second-generation Tiguan. 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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Petrobras sells sugar, ethanol and petrochemical assets for US$587 million

Green Car Congress

The Petrobras Board of Directors also approved the sale of Companhia Petroquímica de Pernambuco (PetroquímicaSuape) and Companhia Integrada Têxtil de Pernambuco (Citepe) to two subsidiaries of the Mexican company Alpek, for US$385 million. billion in the period 2015-2016—below the US$15.1-billion

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Ford and Volkswagen expand global collaboration to include EVs, invest in Argo AI

Green Car Congress

Volkswagen started developing its MEB architecture in 2016, investing approximately $7 billion in this platform. Ford and Volkswagen remain on track in their previously announced plan to improve their respective strengths in commercial vans and medium pickups in key global markets.

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Opinion: Is Russia Plotting To Bring Down OPEC?

Green Car Congress

Control over the transportation assets in this region together with vast gas reserves make Russia the key element of this new market.”. The Saudi decision to let the market set prices and to pursue market share, has led to steep declines in crude and petroleum product prices. in 2015 and 2016 respectively).

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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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