The former chef of Austrian car manufacturer Magna Steyr and ex-chairman of the board of directors of Russian automotive company GAZ Group, Siegfried Wolf, expressed his willingness to continue producing cars in Russia with the assistance of the Russian government, German news magazine Der Spiegel reported on Friday

German multinational carmaker Volkswagen Group will axe dozens of combustion engine models by the end of the decade and sell fewer cars overall to concentrate on producing more profitable premium vehicles, chief financial officer Arno Antlitz said on Wednesday