Škoda Auto

Volkswagen is planning to open a new factory in the Eastern Europe and the potential locations are Bulgaria, Turkey and Romania, according to Automobilwoche, cited by Agerpres.

The car maker, Škoda, views Bulgaria and Turkey as possible locations for their new plant, says German business edition Handelsblatt, citing sources. The company, part of automotive giant Volkswagen, plans to open additional production to meet the ever-increasing demand for its cars.

BERLIN (Reuters) - Volkswagen has chosen Herbert Diess as its new chief executive in an overhaul that includes streamlining the company's multiple car brands into just three groups while preparing its truck business for a potential listing.

Skoda Auto is going to produce models that run purely on electric at their Mlada Boleslav site.

As of 2019, the brand will also be manufacturing electrical components for plug-in hybrids. The production of electric vehicles and parts is a significant step in the implementation of the brand's future strategy. "Skoda's future will be electric," says CEO Bernhard Maier.

German auto giant Volkswagen on Feb. 24 said it raced back into the black in 2016 as car sales hit an all-time high, in the latest sign of its "dieselgate" scandal fading into the rearview mirror.

Volkswagen on Nov. 27 signed a deal with its Algerian sales partner Sovac for the construction of a vehicle assembly plant in the North African country, officials told a news conference.

Volkswagen saw sales drop 3.0 percent in France last month, figures showed Nov. 2, as it continued to deal with the impact of revelations that it cheated on emissions tests.

Shares of Volkswagen AG?s main Turkish distributor Do?u? Otomotiv tumbled more than 12 percent on Sept. 28, hit by concerns that the emissions cheating scandal at the German automaker could undermine sales of its local dealers.

Do?u? imports more than 14 brands including VW group marques Porsche, Skoda and Audi, as well as Volkswagen.