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
-
GM Develops a New Electrical Platform
GM engineers create a better electrical architecture that can handle the ever-increasing needs of vehicle systems
-
Cobots: 14 Things You Need to Know
What jobs do cobots do well? How is a cobot programmed? What’s the ROI? We asked these questions and more to four of the leading suppliers of cobots.
-
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
