Volkswagen Group

German automotive giant Volkswagen's major investment in Turkey would encourage other big foreign companies to invest in the country, Istanbul Chamber of Commerce (ITO) President Şekib Avdagiç said on Oct. 6.

Bulgaria has the potential to build between 7 and 10 new industrial zones like the one in Plovdiv, Deputy Prime Minister Tomislav Donchev said during the 4th edition of Bulgaria's largest economic forum -"Industry 4.0". According to him, it was important to ease procedures for investors, BNR reported.

Volkswagen established a production firm in Manisa, an Aegean province of Turkey, amid reports that the German automotive giant was about to take a decision on the location for its new factory outside Germany.

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".

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.

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.

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.

Modified Bugatti set the world record for top speed. The sports car ran just over 490 km / h. This is the best achievement of a mass-produced car.

The record was set on a test track in Germany, which has a 9-kilometer straight section. To reach this speed, the Bugatti was modified with aerodynamics and tires made specifically for the occasion.

Chinese electric bus manufacturer Alfa Bus is eyeing the Bulgarian market for a plant to assemble electric buses and produce their batteries in the EU, Bulgaria's economy ministry was quoted as saying.