Low cost brand of VW can finally get off the ground, says magazine

Low cost brand of VW can finally get off the ground, says magazine

The low-cost brand of Volkswagen finally leave the paper after receiving the green light, according to German magazine Manager Magazin, which said the company resolved the issues regarding new cost input models.

The details are still limited, but the magazine is reporting that senior executives at Volkswagen will approve the budget of the brand in a "few weeks" and the Supervisory Board will likely sign the plan this semester.

The publication goes on to say that the first model is expected to be released in late 2016 or early 2017, with a base price of 7,500 euros or less. The car will be designed and built with a Chinese partner of Volkswagen - possibly FAW or SAIC.

The low-cost brand of VW will initially be launched in China, but could eventually be offered in other emerging markets. If all goes as planned, the new brand of the Volkswagen Group will sell 500,000 cars a year.

Read more automotive news

Toyota prepares a compact crossover concept for Tokyo

On motor show in Tokyo, besides other, the premiere of a concept of a compact crossover of Toyota Aqua Cross will take place.

Nissan calls nearly 1 million cars to recall

Nissan announced a global recall involving 989,701 vehicles sold by Nissan and Infiniti brands in North America. According to the company, there is the possibility that the passenger side airbag did not inflate in the event of a strike.

New Corolla will cost R $ 66,570

The new Toyota Corolla is offered in four versions in the Brazilian market: 1.8 GLi with manual or automatic transmissions and XEi Altis.

Fiat expects growth with new plant in Brazil

Fiat Automobiles Chrysler believes the new plant in Brazil, can do to increase the company's profitability in 2017.

Honda shows images of the Civic Type R concept

Honda takes the proximity of the first day of press conferences for the Geneva show promotion, on Monday (3), the first official images of the new Civic Type R concept, which will be presented to the public at the Swiss event.

Maserati confirms two launches for Geneva

Maserati released a statement on Friday (28) that confirms two launches for Geneva Motor Show, which opens to the public next week: the production version of the Quattroporte Ermenegildo Zegna and a concept car.

Opel can develop SUV based on the concept Monza

Opel is working on developing an SUV based on the Monza concept, coupe introduced in 2013. The information was revealed by Auto Bild website, which also mentioned the likely time of arrival at the market model: 2017 on the approximate price of 26,000 euros.

Spotted: New Kia Sorento tests

Kia sent the new generation Sorento for testing the strict Swedish winter. Our spies caught him running the utility renovated accompanied by an Audi Q5, indicating that the South Korean automaker was making comparisons between them.

Kombi Last Edition goes to Mexico

Volkswagen Brazil said on Thursday, February 20th, the export of 50 units Kombi Last Edition for Mexico. A series of farewell wagon (which is no longer produced by the inability to receive dual airbag and ABS brakes) was launched in Brazil in September 2013, initially limited to just 600 units production.

Daimler Denza EV will debut at the Beijing

Daimler unveiled new details about its new electric vehicle, called Denza. Developed in conjunction with the Chinese manufacturer BYD, the green car will be presented at the Hall of Beijing in April and should start to be sold in China in late 2014.