BELGIUM: EIB lends VW $US40 million for Argentina
The European Investment Bank (EIB) has announced that it is lending $US40 million to Volkswagen Argentina S.A., a subsidiary of Volkswagen AG, to support investment for the production of gearboxes for passenger cars at its plant in Cordoba, Argentina. The project will create around 1,000 new jobs in the region, modernising the companys automotive parts operation and exporting to other Volkswagen car assembly operations, particularly in Brazil.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-auto gives its paid members access to the very best automotive market coverage.
And now there’s just-auto plus, our premium membership that gives you exclusive component forecast data, company profiles and extended news coverage - just for premium members.
Today I can offer you 30 days access for $1 - and that includes just-auto plus.
Dave Leggett, editor of just-auto
* plus VAT if applicable