Asia Auto News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Shinhan Card announced Thursday that its Kazakhstan unit, Shinhan Finance, secured about 31 billion won ($24 million) from Aster, a leading automobile dealer in the Central Asian country, for a new joint venture, becoming the first Korean card company to win investment from an overseas entity. The two companies agreed to set up a joint venture worth 62 billion won to seek synergy in Kazakhstan’s burgeoning micr...

Shinhan Card aims to become a top-tier operator in retail loans in Kazakhstan by strengthening local partnerships as well as accelerating digitalization.

The Russian media reported that Volkswagen AG could sell its Russian business – including an assembly plant and an internal combustion engine producer – to Austrian business conglomerate Steyr Automotive owned by ex-Magna CEO Siegfried Wolf. According to people familiar with the matter the compan

Media reports indicate Volkswagen is looking to sell its flagship Russian plant, while Mercedes-Benz wants to shed its inventory of unsold cars in the country.

(Reuters) - Volkswagen is looking to sell its car assembly plant in the Russian city of Kaluga and a Kazakh auto maker could be a potential purchaser,...