Volkswagen will build a new plant in Turkey

Volkswagen will build a new plant in Turkey

September 27, 2019 0 By autotimesnews

The German concern is in the final stages of negotiations on the construction of a new multi-brand plant in Turkey, said Andreas Tostmann, head of production at VW.

The top manager expects negotiations with the Turkish government to be completed in 2 weeks or “maybe sooner.” Sources close to the company told Reuters that investment in the construction of the new plant would amount to more than 1 billion euros.

 “We are in the final stages of negotiations with Turkey,” Tostman told reporters in Berlin on Thursday.

Sources said that the planned capacity of the enterprise will be 300 thousand cars per year. It is planned to assemble a Volkswagen Passat and an almost identical model of the Czech brand – Skoda Superb. All cars will be exported to Eastern Europe.

It is also reported that in Manisa, near Izmir in western Anatolia, about 4,000 new jobs will appear, and construction can begin at the end of 2020. It is planned to be completed by 2022.

Earlier this month, Skoda production manager Michael Oleklaus announced that the VW Group would decide on the plant by the end of October.

They say that Turkey is a priority site for the construction of the concern’s plant, but, according to reports, another place is also being considered – in Bulgaria. VW is concerned about the high Turkish taxes on larger cars, which restrict most buyers and local manufacturers to smaller engines.