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

Green Car Congress

Ford Motor Company and Volkswagen AG are expanding their global alliance to include electric vehicles—and will collaborate with Argo AI to introduce autonomous vehicle technology in the US and Europe. Volkswagen started developing its MEB architecture in 2016, investing approximately $7 billion in this platform. Earlier post.).

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Karsan unveiling “Buy America” CNG bus at UTIP World Global Transport Summit

Green Car Congress

Turkey-based Karsan will introduce its first “Buy America” compliant vehicle at the upcoming UITP World Global Transport Summit, 15-17 May at Palais des Congrès de Montréal, QC Canada. In November 2016, Karsan was selected to deliver prototypes under the US Postal Service’s Next Generation Delivery Vehicle Testing Process.

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Honda unveils 10th generation 2016 Civic Sedan; two new engines, including Honda’s first turbo in US

Green Car Congress

Honda unveiled the new 10th-generation 2016 Civic Sedan, slated for sale in the US this fall. The 2016 Civic will feature two all-new engines, including the first application of Honda turbo engine technology in the US. Both engines are targeted to receive EPA highway fuel economy ratings in excess of 40 mpg.

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Volkswagen Group appoints new heads of Global R&D, Group Design, Group Product and Modular Toolkit Strategy

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The number of top managers reporting directly to the CEO has been almost halved, and new appointments to several posts will take effect in the first quarter of 2016. He held various responsibilities in the export section of Sales at Volkswagen AG from 1983. —Matthias Müller, CEO of Volkswagen AG.

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IHS Markit: average age of light cars and trucks in US rises again in 2016 to 11.6 years; record number in operation

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years, according to IHS Markit, a provider of business information and analysis for the global automotive industry. The recession created an acceleration beyond its traditional rate due to the nearly 40 percent drop in new vehicle sales in 2008-2009. —Mark Seng, director, global automotive aftermarket practice at IHS Markit.

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Volkswagen Financial Services AG acquires parking mobile payments company PayByPhone

Green Car Congress

The deal positions Volkswagen Financial Services AG solidly in the mobile payments and parking sectors, while providing the foundation for future PayByPhone growth globally. Christian Dahlheim, the management board member responsible for sales and marketing at Volkswagen Financial Services AG. million registered users.

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