Volkswagen is to invest just over €500 million at its car plant Autoeuropa in Palmela over the next five years. The announcement was made by one of the German firm’s directors at a ceremony [...]

The Portuguese group Simoldes is to invest €27 million in a new factory in Zory in Poland in what will be the 24th factory for the largest European manufacturer of steel molds for plastics. [...]

Car sales are starting to recover but continue to fall short of pre-pandemic levels. Sales of cars rose 25.6% in the first half of 2021, with some brands displaying two-digit growth. But in the [...]

Portugal has made it onto the Top 10 list of the most attractive countries for overseas investment. This is according to the EY Attractiveness Survey Portugal 2021 which reveals that 37% of those [...]

Portugal’s automative sector saw exports plummet by 21% in 2020 compared to 2019 because of the general shutdown in production at the start of the Covid-19 pandemic. For those companies that [...]

Portugal’s largest car plant achieved, for the second consecutive year, both a production and turnover record in 2019, generating 1,7% of national GDP. The information was published when the [...]

The first 5000 tickets for Formula 1 which takes place in the Algarve on 23-25 October have sold out. The event is expected to draw in millions of euros in hotel stays and restaurant revenues for [...]

The PSA Group has purchased the Portuguese second-hand car part company Amanhã Global –  B-Parts. PSA (Peugeot, Citroen and Opel) has purchased the Portuguese company Amanhã Global, which [...]

Car production in Portugal has recovered to 80% of pre-Covid levels by this month despite having been down by 36.2% for the first half of 2020. Some 22,943 heavy and light vehicles were [...]

The Portuguese Automobile Association (ACAP) says that despite the car sales market reopening, the public are showing little interest in buying new cars. Car sales in the Portuguese car retail [...]