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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 billion) was substantially higher than the prior-year figure (up 14%); the operating return on sales rose to 6.7% (6.0%). billion (US$4.22 billion) to €217.3 billion (US$229.4

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Nissan launches expanded strategy for Brazil with new $1.4B manufacturing plant; Renault boosting production capacity there by 100,000 units

Green Car Congress

The Brazilian factory, scheduled to begin production in the first half of 2014, will have the capacity to produce up to 200,000 units annually of Nissan’s ‘V’ platform products for sale in Brazil. Since 2001 Nissan has grown its presence and volumes in Brazil, Russia, India and China from less than 50,000 units to nearly 1.2

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Petrobras sells sugar, ethanol and petrochemical assets for US$587 million

Green Car Congress

Brazil’s Petrobras closed two asset sales for the total sum of US$587 million. 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.

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Volkswagen Group outselling GM in China

Green Car Congress

The Volkswagen Group is having a very strong sales year so far in China. 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. of those September 2016 deliveries. of total group sales.

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Solazyme expanding renewable oil production capacity with JV partner Bunge, signs strategic collaboration agreement with ADM

Green Car Congress

The companies also intend to expand the portfolio of oils to be produced out of their joint venture facility in Brazil. The expanded field and portfolio of oils would include certain tailored food oils for sale in Brazil, where Bunge is the largest supplier of edible oils through several of its retail brands. Solazyme, Inc.,

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