Volkswagen plans to invest in a plant in Sao Paulo

Volkswagen plans to invest in a plant in Sao Paulo

August 31, 2019 0 By autotimesnews

The German company Volkswagen is going to invest in a manufacturing company in the city of Sao Paulo.

The concern made an announcement after the Sao Paulo governor arrived at the company’s headquarters in Germany and insisted that Volkswagen should not stop production at its plants in the Brazilian city. He made a statement that he was ready to introduce tax incentives reduced by 25% if the automaker invests more than $ 239 million in production and creates at least 400 new jobs for workers.

 Governor Joao Doria was advised to introduce benefits precisely after the General Motors statement that the company could reduce production in the city due to financial problems.

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 São Paulo hopes Volkswagen’s German investment in Anchieta production will create more than a thousand new jobs.

 Anchieta factory was built back in 1957 and was considered the first Volkswagen factory outside the home country. The company has produced more than 13.8 million copies of new cars. Currently, the plant employs more than 8600 employees.