Mexican Media Brands
Report: Deal Near on VW Factory in Turkey
Officials have all but finalized an agreement for a new Volkswagen Group assembly plant in Turkey that would begin production by 2023.
Share
Officials have all but finalized an agreement for a new Volkswagen Group assembly plant in Turkey that would begin production by 2023, Reuters reports.
VW had been considering sites in Bulgaria and Turkey. But sources tell Reuters the €1 billion ($1.1 billion) factory will be built near Izmir on Turkey’s western coast. The facility reportedly will have annual capacity to make 350,000 SEAT, Skoda and VW brand models.
Reuters says remaining issues revolved around Turkish taxes on vehicles powered by engines larger than 1.6 liters. Sources tell the new service those questions were resolved by an “extremely positive” meeting last week between VW CEO Herbert Diess and Turkish President Tayyip Erdogan.
RELATED CONTENT
-
Operator of Uber Self-Driving Car Wasn't Watching Before Fatal Crash
In-car video shows that the backup pilot of an Uber Technologies self-driving car was not watching the road just before the vehicle struck and killed a pedestrian last Sunday night.
-
On Electric Pickups, Flying Taxis, and Auto Industry Transformation
Ford goes for vertical integration, DENSO and Honeywell take to the skies, how suppliers feel about their customers, how vehicle customers feel about shopping, and insights from a software exec
-
Multiple Choices for Light, High-Performance Chassis
How carbon fiber is utilized is as different as the vehicles on which it is used. From full carbon tubs to partial panels to welded steel tube sandwich structures, the only limitation is imagination.
