Mexican Media Brands
Report: Deal Near on VW Factory in Turkey
Officials have all but finalized an agreement for a new Volkswagen Group assembly plant in Turkey that would begin production by 2023.
Share
Officials have all but finalized an agreement for a new Volkswagen Group assembly plant in Turkey that would begin production by 2023, Reuters reports.
VW had been considering sites in Bulgaria and Turkey. But sources tell Reuters the €1 billion ($1.1 billion) factory will be built near Izmir on Turkey’s western coast. The facility reportedly will have annual capacity to make 350,000 SEAT, Skoda and VW brand models.
Reuters says remaining issues revolved around Turkish taxes on vehicles powered by engines larger than 1.6 liters. Sources tell the new service those questions were resolved by an “extremely positive” meeting last week between VW CEO Herbert Diess and Turkish President Tayyip Erdogan.
RELATED CONTENT
-
The Internet, Java and the Auto Industry
By Stew BlockTo improve product quality and customer service, automakers recognize the need to forge flexible global supply chains.
-
How to Keep a Last-gen Truck Current
In order to keep the Classic of interest, Ram Truck has gone back to 1976, the year they launched the Dodge Warlock, a “factory-personalized” pickup, and have created the 2019 Ram 1500 Classic Warlock.
-
Cobots: 14 Things You Need to Know
What jobs do cobots do well? How is a cobot programmed? What’s the ROI? We asked these questions and more to four of the leading suppliers of cobots.
