Volkswagen is still investing in its Russian plant despite the severe downturn in that country. But right now, sales have plummeted because many Russians just can't afford a new car.
VW cut production at its plant in Kaluga.
The case of former German Chancellor Gerhard Schröder cozying up to his buddy Vladimir Putin by joining Rosneft raises all sorts of questions about unethical public-private job swapping. Where does Germany stand?
Owners of diesel cars in Austria will get free emissions-reducing software updates and will be offered incentives to buy cleaner cars. This is the result of a meeting between government officials and carmakers.
Cooperation talks between the German car giant and the Indian market leader about joint development of a car for emerging markets have ended 'amicably' because the pair couldn't achieve planned cost savings.
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