According to an FT report, Volkswagen plans to invest millions of dollars in its US car showroom facilities in 2003.
The report says that the company will invest $176-million on expanding sales and distribution in North America, by building or improving 310 of its “market places” – large dealer garages that offer improved services and big car showrooms.
According to the FT report, about 122 of the market places are in place, with a further 126 under construction.
The move accompanies important US market product introductions, including the Touareg SUV (made in a JV with Porsche) and the Phaeton luxury model.
This year, Volkswaqen’s US sales target is to equal its 2001 record figure – 335,000 units.
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