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Volkswagen’s funding will likely be in tasks throughout the mannequin vary made in Slovakia and can create 2,000 jobs within the coming years, personnel chief Sebastian Krapoth mentioned.
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Volkswagen’s Slovak plant will produce next-generation Passat and Skoda Superb fashions
Volkswagen plans to take a position 1 billion euros ($1.18 billion) in its Slovak plant, together with 500 million euros to provide next-generation Passat and Skoda Superb fashions, VW Slovakia Chairman Oliver Gruenberg mentioned on Monday.
The German carmaker’s funding will likely be in tasks throughout the mannequin vary made in Slovakia and can create 2,000 jobs within the coming years, personnel chief Sebastian Krapoth mentioned.
The auto business, led by Volkswagen and three different automotive makers, is the spine of Slovakia’s manufacturing and export sectors.
Skoda had introduced on Friday that manufacturing of its higher-end mannequin, Superb, would transfer to Slovakia. The Superb and Passat share the identical platform and lots of components.
That adopted cancellation of plans to supply manufacturing in Turkey. It additionally upset unions at Volkswagen’s Czech unit, Skoda Auto, house to the Superb model over the previous twenty years.
“Total investments for Bratislava are being planned in the range of 1 billion euros,” Gruenberg informed a information convention broadcast reside on tv. “It is an investment across the entire model range at Volkswagen Slovakia.”
He mentioned the plan is not going to add total manufacturing capability on the plant, which made 377,750 vehicles final 12 months. The plant, which principally produced top-end fashions such because the Audi Q7 and Porsche Cayenne, exports greater than 99% of its output.
(This story has not been edited by NDTV workers and is auto-generated from a syndicated feed.)
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