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: firstname.lastname@example.org; +49 69 7565 1244))
($1=.7040 Euro) Keywords: VOLKSWAGEN ARGENTINA
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