Remove For Sale Remove Global Remove Market Remove Russia
article thumbnail

Opinion: Is Russia Plotting To Bring Down OPEC?

Green Car Congress

Energy is the foundation of Russia, its economy, its government, and its political system. Even a casual glance at the IMF’s World Economic Outlook statistics for Russia shows the tight correlation since 1992 between GDP growth on the one hand and oil and gas output, exports, and prices on the other (economic series available here ).

Russia 150
article thumbnail

Volkswagen Passenger Cars brand delivers almost 2M vehicles globally in period to April; 46% to China

Green Car Congress

Volkswagen Passenger Cars delivered 567,800 (545,300; +4.1%) vehicles on the overall European market in the first four months, of which 298,400 (279,300; +6.8%) were handed over in Western Europe (excluding Germany). Deliveries on the home market of Germany rose slightly to 184,100 (180,500; +2.0%) units. The brand recorded a 16.2%

China 225
article thumbnail

Hyundai and Kia make €100M strategic investment in Arrival to co-develop electric commercial vehicles

Green Car Congress

Founded in 2015, Arrival has production plants and R&D centers in the US, Germany, Tel Aviv, Russia and the UK. With the rapid global growth in online shopping, the volume of light commercial vehicles in urban areas has increased.

Kia 259
article thumbnail

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

Green Car Congress

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 The Volkswagen Group expects the global economy to record slightly higher growth in 2017 than in the previous year. from 9.931 million in 2015.

2016 150
article thumbnail

Volkswagen Passenger Cars delivers more than 3M vehicles in first half year for first time

Green Car Congress

The situation on global markets will remain challenging in the second half of the year and will keep us very much on our toes. — Christian Klingler, Board Member for Sales and Marketing for the Volkswagen Group and the Volkswagen Passenger Cars brand.

article thumbnail

Is A Second OPEC Cut In The Cards?

Green Car Congress

OPEC’s coordinated effort to curtail global supply has so far managed to put a floor under oil prices, which have been sitting modestly above US$50 since the deal was announced at the end of November last year. Global oil supplies plunged nearly 1.5 by Tsvetana Paraskova for Oilprice.com. But resurgent U.S. — Investopedia.

article thumbnail

Ford launching major new product push in Europe; fuel economy and 1.0L EcoBoost engine; first Ford full hybrid car for Europe

Green Car Congress

The European market holds potential for profitable growth that’s clouded at the moment by the economic crisis. The total European car and CV market, including Russia, is expected to grow 20 percent in the next five years to 23 million vehicles. The EcoSport, a new global small SUV, will go on sale within 18 months.