CHINA > Spain based SEAT is set to team up with Volkswagen Group China and JAC

seat logo SEAT is teaming up with Volkswagen Group China and Anhui Jinghuai Automobile Group Corp, Ltd (JAC) in China. SEAT signing of the Memorandum of Understanding and becomes a shareholder of JAC Volkswagen which will also include the introduction of the SEAT brand in the Chinese market targeting 2020-2021. SEAT will also actively participate in the creation of an R&D center More …

INDIA > Germany based Volkswagen group is set to invest 1 billion euros ($1.16 billion) in India by 2021 creating almost 5000 jobs

VW logo VW is set to invest 1 billion euros ($1.16 billion) from 2019 to 2021 which will be led by Skoda Auto. This is part of Skoda’s ‘India 2.0’ project which includes setting up engineering design and development center at Pune. The group’s two plants at Aurangabad and Pune will also be enhanced. Based on VW’s flexible MQB platform, the group More …

CHINA > Germany based VW Group is investing $18 billion into Chinese Joint Ventures for Automotive Technology

VW logo To seek a competitive edge in producing battery- powered, autonomous vehicles, Volkswagen AG is set to invest $18 billion in China over the next five years. According to Chief Executive Officer of VW, Herbert Diess who recently replaced previous VW CEO Matthias Mueller: “We need to speed up. Change is getting faster, more dynamic and more ambitious, especially here in More …