VW leases $8.6 billion in GM and GM leases

Volkswagen has struck a $8 billion lease deal with the U.S. automaker’s largest auto dealer group in a bid to reduce its dependence on GM vehicles.Volkswagen is selling a range of new and used cars and trucks to its U.K. customers, and the deal is worth about $3 billion per year, a Volkswagen spokesman saidRead More

Volvo leases a $20M factory in Brazil

By NICHOLAS KAMM/Associated PressBUENOS AIRES, Argentina (AP) Volkswagen is leasing a $2.3 billion factory in Uruguay for up to a decade, setting the stage for a global factory to make diesel engines in Argentina and other Latin American countries.The factory, called Volkwagen Argentina, will produce the cars, trucks and buses used by Volkswagen AG andRead More