Photo: Volkswagen
German automaker Volkswagen has announced plans to invest $236 (€173) million to enable their Brazilian assembly plant to build the seventh-generation Volkswagen Golf starting 2015.
Speaking after a meeting with Brazilian president Dilma Rousseff, Volkswagen Brazil CEO Thomas Schmall sad the new Golf VII facility in Parana will increase the company’s overall production capacity in the country by 20 percent, to 1,000 vehicles per day.
With the new $236 million plant, Volkswagen will bring its total investment to $4.1 billion between 2012 and 2016, said Schmall, while a company official in charge of VW production in Latin America added that “this decision illustrates Volkswagen's confidence in Brazil, which is increasingly asserting itself as one of the world's major vehicle producers and consumers.”
Volkswagen is the fifth automaker that said it will build vehicles in Brazil by 2016, after Mercedes-Benz, BMW, Audi and Land Rover have announced similar plans earlier this year.
With the new $236 million plant, Volkswagen will bring its total investment to $4.1 billion between 2012 and 2016, said Schmall, while a company official in charge of VW production in Latin America added that “this decision illustrates Volkswagen's confidence in Brazil, which is increasingly asserting itself as one of the world's major vehicle producers and consumers.”
Volkswagen is the fifth automaker that said it will build vehicles in Brazil by 2016, after Mercedes-Benz, BMW, Audi and Land Rover have announced similar plans earlier this year.
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