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

Green Car Congress

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. billion) of the special items arising from known risks in the reporting period was attributable to the diesel issue, especially for hedging of legal risks.

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CNHTC acquiring 34% of UQM stock; forming new JV for electric propulsion systems in China

Green Car Congress

The parties expect the closing will occur in December 2017. The parties expect Sinotruk to be a significant purchaser of electric drive trains from the JV for Sinotruk’s commercial vehicles and other customers will be identified for sales as well. as US legal advisor to UQM. —Joe Mitchell, President and CEO of UQM.

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