BRAZIL: VW plans EUR3.4bn plant spend by 2016
Volkswagen will spend EUR3.4bn by 2016 on its Brazilian plants.
"We have set the stage for sustained growth in Brazil," VW chairman Martin Winterkorn said in Sao Paulo, according to German daily Handelsblatt.
The automaker has operated in Brazil for over 50 years and has four plants in Brazil and around 23,000 employees.
It makes 21 models locally and builds around 3,500 units a day.
General Motors and Volkswagen China joint venture partner SAIC Motor booked fourth-quarter net profit up 67% year on year to CNY6.93bn, slightly higher than a consensus forecast of CNY6.72bn yuan from...
As manufacturers continue to announce world premiere concepts and production models ahead of the 23 & 24 April media preview days of AutoChina 2012, just-auto keeps track for you....
Honda has started work on a new 200,000-unit factory to build the Fit (also known as Jazz in some markets) near Celaya in central Mexico. The company said it plans to start production in two years....
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