| 4:37 AM EST

Report: Deal Near on VW Factory in Turkey

Officials have all but finalized an agreement for a new Volkswagen Group assembly plant in Turkey that would begin production by 2023.
#Skoda #facilities #Volkswagen

Share

Facebook Share Icon LinkedIn Share Icon Twitter Share Icon Share by EMail icon Print Icon

Officials have all but finalized an agreement for a new Volkswagen Group assembly plant in Turkey that would begin production by 2023, Reuters reports.

VW had been considering sites in Bulgaria and Turkey. But sources tell Reuters the €1 billion ($1.1 billion) factory will be built near Izmir on Turkey’s western coast. The facility reportedly will have annual capacity to make 350,000 SEAT, Skoda and VW brand models.

Reuters says remaining issues revolved around Turkish taxes on vehicles powered by engines larger than 1.6 liters. Sources tell the new service those questions were resolved by an “extremely positive” meeting last week between VW CEO Herbert Diess and Turkish President Tayyip Erdogan.

RELATED CONTENT

  • Honda Accord: The Ninth Generation

    Although the term “continuous improvement” is generally associated with another company, Honda is certainly pursuing that approach, as is evidenced by the Accord, which is now in its ninth generation.

  • The Lexus GX 470: You Want Me To Drive This Where?

    According to Kunihiro Hoshi, chief engineer for the GX 470: “Three of my top goals were to create a body-on-frame vehicle with sweeping off-road performance and unibody-like on-road capability, and, of course, it had to meet the Lexus quality standard.” He met his goals. But why would anyone want to bang this vehicle around on rocks?

  • Can You Glue A Car Together?

    I'm not talking about a plastic Revell model of a '57 Chevy, but a real vehicle, one that rolls off an assembly line in 1999 with another 99,999 just like it right behind. Is it possible, or is this just a fantasy of the marketing department at Elmer's?