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Volkswagen Group expands presence in Russia with agreements with GAZ

Green Car Congress

The Volkswagen Group and GAZ Group have extended their manufacturing agreement for Volkswagen and ŠKODA models in Russia until 2025. 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. engines from the Salzgitter plant in Germany.

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

Green Car Congress

billion) was substantially higher than the prior-year figure (up 14%); the operating return on sales rose to 6.7% (6.0%). 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 billion (US$15.4 The lion’s share (€6.4

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