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VW Group to invest 2.3 billion EUR in Brazil

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Volkswagen has announced it will be investing 2.3 billion euros in Brazil, in new products and manufacturing capacity expansion between 2009 and 2014. With a daily production capacity of 3,000 vehicles, Volkswagen do Brasil is already the country’s largest automaker. VW also has the largest automotive dealer network in Brazil with 600 dealers. Deliveries to customers have risen by 70 percent since 2005 to 585,000 units in 2008. Local production will total some 800,000 vehicles this year. The Volkswagen brand is launching 26 product innovations in Brazil during this year and next year.


02/12/2009  | 
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