Volkswagen Group is expected to announce a EUR200m (us$268.5m) investment to build a car plant in Indonesia, according to a government minister.
Industry minister Mohamad Hidayat told reporters that the carmaker will build the factory in Cikampek, West Java. He added: “They [VW] will announce the plan in November or December.”
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Volkswagen is keen to expand its small presence in South East Asian markets as it strives to become the best-selling global automaker.
VW has said it wants to sell 10m cars a year by 2018, up from just over 9m last year.
