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VW: No Plan to Abandon Turkey Plant Project
Volkswagen AG says its isn’t looking for other locations for the assembly plant it hopes to build in Turkey.
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Volkswagen AG says its isn’t looking for other locations for the assembly plant it hopes to build in Turkey.
VW finalized plans for the €1.3 billion ($1.4 billion) facility earlier this month. But the company suspended the project less than three weeks later amid international criticism over Turkey’s invasion of Syria.
VW says it continues to watch the situation. But Andreas Tostmann, who heads VW production, tells reporters the carmaker is “not actively” looking at other locations. Other VW executives commented over the weekend that continued Turkish military action in Syria could prompt the carmaker to look elsewhere.
Last week Bulgaria, Romania and Serbia—who had been on VW’s short list—revived their pitches for the factory, which is expected to begin in 2022 to make as many as 300,000 Skoda Superb and VW Passat midsize sedans per year.
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