Mexican Media Brands
VW Close to Decision on New Plant in Turkey
Volkswagen AG says it may finalize plans within two weeks to build a €1 billion ($1.1 billion) assembly plant in Turkey.
Share
Volkswagen AG says it may finalize plans within two weeks to build a €1 billion ($1.1 billion) assembly plant in Turkey.
VW brand production chief Andreas Tostmann tells reporters that talks with the Turkish government are in the final stage. Sources tell Reuters the factory will have the capacity to make some 300,000 vehicles per year.
The facility is expected to make the VW Passat midsize sedan and its Skoda Superb variant when it begins operation in 2022.
Reuters reported earlier this month that VW also was considering Bulgaria for the factory. Reuters says negotiations in Turkey have centered around a scheme that would cut government taxes on locally built larger cars, such as the Passat, without penalizing existing producers.
RELATED CONTENT
-
On Fuel Cells, Battery Enclosures, and Lucid Air
A skateboard for fuel cells, building a better battery enclosure, what ADAS does, a big engine for boats, the curious case of lean production, what drivers think, and why Lucid is remarkable
-
Engineering the 2019 Jeep Cherokee
The Jeep Cherokee, which was launched in its current manifestation as a model year 2014 vehicle, and which has just undergone a major refresh for MY 2019, is nothing if not a solid success.
-
Plastics: The Tortoise and the Hare
Plastic may not be in the news as much as some automotive materials these days, but its gram-by-gram assimilation could accelerate dramatically.
