Volkswagen

German carmaker Volkswagen is very close to the final decision to build a new plant in Turkey, a company board member told reporters in Berlin today, Reuters reported.

We are in the final stages of negotiations with Turkey, said Andreas Tostmann, a member of the Volkswagen council in charge of production. He expects the talks to be completed within two weeks, and "maybe sooner".

One of South Korea's largest companies is currently exploring Bulgaria and two other countries for investment of more than € 1.5 billion. This was stated by Bulgarian Minister of Economy Emil Karanikolov, in Seoul, regarding the potential investments in Bulgaria by the Republic of Korea.

German designer and architect Luigi Colani, who worked for industrial companies, car companies, furniture and technology companies, died in Karlsruhe at the age of 91, according to worldwide  agencies, BTA reported.

Turkey is increasingly confident that German carmaker Volkswagen will build its plant in the country after an "extremely positive" meeting between top company official and Turkish President Recep Erdogan, Turkey's Sabah writes today, citing three of its own the source.

The United States Department of Justice has launched a preliminary anti-cartel investigation into the practices of automotive giants Ford, Honda, BMW and Volkswagen, Wall Street Journal reported on Friday.

It is increasingly likely that the Volkswagen plant will be in Turkey, not Bulgaria. According to Reuters, citing three sources.

According to them, a senior representative of the German concern met with President Recep Erdogan this week to address some of the problems surrounding the investment. This meeting was "extremely positive" .

Prime Minister Boyko Borissov was the guest of honour at the forum of the ruling Christian Social Union in Germany. From there came support for Bulgaria in the investment race of Volkswagen. The meeting with the Christian Social Union had great symbolic power. It should reach potential investors like the automotive concern, said Bundestag leader Alexander Dobrindt.

A pledge from Turkey for a change in the special consumer tax system at a specific date in the future would reportedly be enough to convince Volkswagen to choose the country over Bulgaria as the location for a €1bn multi-brand auto production plant, write bne InelliNews

Former CEO (1993-2002) and Former Chairman of the Supervisory Board (2002-2015) of Volkswagen Ferdinand Piëch died on Monday at the age of 82, TASS reported, citing Bild.

According to Bild, the Austrian businessman was admitted to hospital after visiting a restaurant in the German city of Rosenheim. The cause of Piëch's death is not clear.

Next month, Volkswagen will revail its new logo, announced this spring, at the Frankfurt Motor Show.

The first car to commemorate the change and be fitted with the new emblem is the long-awaited Volkswagen ID.3 hatchbag, a 100 percent electric compact coupe, according to L'Automobile Magazine.