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

Green Car Congress

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. The Volkswagen Group expects the global economy to record slightly higher growth in 2017 than in the previous year. in 2017. The lion’s share (€6.4 billion / US$6.76

2016 150
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California ARB to update Light-Duty Vehicle Electronic Certification System for PHEVs and ZEVs

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Manufacturers of motor vehicles and engines must show compliance with California emission requirements before their products are legal for sale, use, or registration in the state. The InfoPath form, XML schema, Data requirements and User guides will be updated on the E-Cert website on 10 October 2017.

PHEV 150
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CNHTC acquiring 34% of UQM stock; forming new JV for electric propulsion systems in China

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The parties expect the closing will occur in December 2017. After the closing of the Agreement, UQM and CNHTC intend to form a joint venture for the manufacture and sales of electric propulsion systems in China. as US legal advisor to UQM. Ellenoff Grossman & Schole LLP serves as US legal advisor to CNHTC on this transaction.

China 150
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Volkswagen Group expands presence in Russia with agreements with GAZ

Green Car Congress

There is to be an additional, second step in the cooperation between the parties with a view to developing the model range and growing product sales volumes. With Scania the cooperation started in 2005 and resulted in the creation of CRUISE tourist coaches and VOYAGE-series inter-city coaches for sale on Russian and export markets.

Russia 186