Automotive

Portugal is to give Volkswagen Europa a €30 million offset, around 10% of the total €270 million that the car maker is investing at its Autoeuropa factory at Palmela. The money will be used to [...]

TMG Automotive, a Portuguese textile company that makes car seat and interior upholstery, is investing €43 million on a factory in Bostic, North Carolina, US, creating 125 jobs. Headquartered in [...]

Vanpro, a joint-venture between Faurecia and Adiente, is to close down leaving 475 people unemployed. The company, which has been supplying Autoeuropa for decades, has not been chosen by the VW [...]

China’s ambassador to China has announced “ideas” that Chinese car manufacturers could set up assembly line factories in Portugal. Chinese electric cars are widely seen as among the most [...]

Coindu, a Portuguese company that has produced upholstery for the automotive industry in Arcos de Valdevez near Viana do Castelo (now closed) and Joana near Vila Nova de Famalicão (Braga) has [...]

The French group Nexteam, which has a factory in Arcos de Valdevez in the Minho, has acquired the premises of failed car components company Coindu. Nexteam, which produces components for the [...]

Hundreds of million euros of incentives had to be provided to Volkswagen to convince the German manufacturer to produce its new electric low-cost vehicle at its Autoeuropa plant in Palmela. Under [...]

Five executive directors at Bosch Portugal, including its CEO, Carlos Ribas, were fired last summer by the German company’s head office without the right to compensation or severance pay over [...]

The Portuguese government is to offer incentives to encourage consumers to buy electric vehicles selling for up to €55,000 + VAT for those families who need more seats than are normally provided [...]

Volkswagen has chosen Portugal’s Autoeuropa factory to produce its recently-presented VW iD.Every 1 – a compact electric city car which will sell for a starting price of €20,000. The [...]