Volkswagen announces R$ 1 billion investment in Brazil
This is 50% higher than the last four five-year plans designed by the company for Brazil.
After presenting the plan to President of the Republic Michel Temer, the MAN Latin America CEO, Roberto Cortês, stated that the increased resources derive from an increased confidence in the economy.
"This is proof that we believe in Brazil. We are preparing ourselves for when Brazil leaves this unfortunate current crisis. We at Volkswagen will be ready to market this production, which we hope will grow a lot", he said.
The investments are focused on new products, innovation in the production process at the Resende factory (in Rio de Janeiro), and innovation and expansion of digital and connectivity services, as well as brand expansion.
Volkswagen launches a new plan every five years. Over the past two decades, four such plans were launched (R$ 1 billion each), starting in 1994 when the Rio de Janeiro factory opened. ■