Following the cancellation of plans to build a new plant in Turkey, Volkswagen plans to make a significant investment in its plant in Bratislava.
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The cost of expansion could reach up to one billion euros (26.6 billion CZK), according to the DPA agency, reports Monday’s issue of Automobilwoche magazine.
“We have decided to increase capacity in Bratislava,” Herbert Diess, the group’s director, told the magazine. “Also because of the corona, we have reconsidered the capacity requirements and currently do not need another plant,” he added.
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Diess appreciated the location in Slovakia, which, according to him, does not mean any cost disadvantage compared to Turkey. The only downside is that Volkswagen hoped that thanks to the Turkish factory, it would be able to gain a larger share of the local market.
Volkswagen has canceled a plan to build a new plant in Turkey in the summer due to coronavirus. The plant was to produce mainly Passat and Škoda Suberb models, and the carmaker decided to distribute their production among its existing plants.
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Volkswagen is one of the largest employers in Slovakia. It assembles sport-utility vehicles in the country, as well as small city cars, including Škoda Citigo electric cars.
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