Automotive industry in Germany

German carmaker BMW will invest $1.7 billion in the production of electric vehicles in the United States.     

The plan includes $1 billion towards expanding the company's Spartanburg US manufacturing plant and $700 million for a new battery assembly facility, BMW said in a statement.    

German auto giant Volkswagen said yesterday its first quarter operating profit increased significantly in 2022, while warning that the "first effects" of the war in Ukraine were beginning to be felt.

Volkswagen announced on Monday that it has once again postponed the opening date of some of its production facilities in China because of the coronavirus concerns.

The German carmaker said that Saic Volkswagen - the joint venture between Volkswagen and Saic Motor Corp- will resume its activities as early as February 24th.

EPP Group chair in the European Parliament, Manfred Weber, has sent a letter to EU's competition commissioner Margrethe Vestager, asking the European Commission to start a review of the deal between German carmaker Volkswagen and Turkey over building a new plant close to Izmir, BNT reported, quoted by BNR

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".

The Frankfurt trade show, which opens this week, is being shown mostly cars with batteries. Asian manufacturers refused to participate, as did Tesla, Ferrari and Fiat. The Volkswagen Group has shown a new logo and models that start a new era -  electrical counting

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.

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.

German carmaker giant Volkswagen has named Turkey and Bulgaria as the two finalists for the location of a new vehicle plant.

New car sales in Bulgaria increased by 10.1% on annual base to 3641 in May. This shows data from the Association of European Automobile Manufacturers (ACEA).

In the period January - May, the registration of new cars in our country increased by 3.9% yearly to 15 068 units from 14 496 for the same period in 2018.