Volkswagen to invest 223 million euros in Argentina
FRANKFURT Oct 16 (Reuters) - Volkswagen (VOWG.DE), Europe's biggest carmaker, plans to invest 223 million euros ($316.7 million) in Pacheco in Argentina to produce a new pick up truck at its commercial vehicles unit.
"With the model, Volkswagen wants to achieve success in a further market segment," the company said in a statement.
At its Pacheco plant, Volkswagen Argentina produces the models Caddy 2, Polo Classic and Suran; engines are also assembled there. Transmissions are produced at Cordoba.
((Reporting by Rajiv Sekhri, Editing by Elaine Hardcastle; Frankfurt Newsroom; Reuters messaging: email@example.com; +49 69 7565 1244))
($1=.7040 Euro) Keywords: VOLKSWAGEN ARGENTINA
(C) Reuters 2007. All rights reserved. Republication or redistribution ofReuters content, including by caching, framing or similar means, is expresslyprohibited without the prior written consent of Reuters. Reuters and the Reuterssphere logo are registered trademarks and trademarks of the Reuters group ofcompanies around the world.nL16469496
- Tweet this
- Share this
- Digg this