VW to invest $3.5 billion in Brazil

The greatest story never told is gaining more steam going into the next decade. VW will invest $3.5 billion in Brazil. Steadily, VW is turning into the next measuring stick in the auto business.

From the Detroit News:

Germany’s Volkswagen AG today announced plans to invest $3.5 billion in Brazil and said it hopes to be building a million vehicles a year in the country by 2014.

Volkswagen said the planned investment through 2014 is aimed at increasing production capacity and developing new models. It expects to produce some 800,000 vehicles in the South American country this year.

VW, based in Wolfsburg and Europe’s biggest auto maker, said it will expand production capacity at its Anchieta and Taubate vehicle production plants and at an engine plant in Sao Carlos.

Read the full article here.


Photo from fOTOGLIF

  

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