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Russia’s government is considering amending its industrial assembly agreement with OEMs in a bid to boost exports, it has been revealed. Speaking in early March, Maxim Oreshkin, Russia’s Minister of Economic Development, said that although many finished vehicles were already exported, including to Western Europe, the government had now reached ...
VW chief warns of ‘immediate end to South Africa’s motor industry’ if incentives are reduced and ownership targets are enforced
Motor manufacturers will leave South Africa if the government reduces the current incentive scheme while moving to penalise them for a lack of black equity holders and suppliers, the head of Volkswagen’s operation in the country has warned. Volkswagen South Africa MD Thomas Schäfer said recent discussions with the government ...