Automotive industry

Volkswagen Neglects Bulgaria because Erdogan Decides to Hinder the Tax Rates

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.

Reuters: The Volkswagen Plant Will Probably Be in Turkey

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" .

Volkswagen is Close to Choosing Turkey over Bulgaria just over a Tax Pledge

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

Longtime Volkswagen Boss Ferdinand Piëch Has Died

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.

Former President Rosen Plevneliev: We Continue to Fight for the Volkswagen Plant

"Not only is Bulgaria continuing to fight for Volkswagen to build its next plant in our country, but we also have our chances of this happening. We have found ways to optimize our bid. Meetings between representatives of the automotive cluster and the Ministry of Economy continue.