VW invests half a billion euros in Passat and Superb cars

VW invests half a billion euros in Passat and Superb cars

The Volkswagen Group (VW) will invest around EUR 500 million in the production of Passat and Suberb cars in Slovakia, said Oliver Gruenberg, the president of VW Slovakia. The investment does not include the construction of new plants but will provide employment for 2,000 people.

The new generations of VW Passat and Skoda Superb models are to be produced in Slovakia from 2023. Gruenberg said there was no need to expand the existing plants in Bratislava. A new production line will be built and the paint shop will be modified.

According to Gruenberg, VW wants to invest another half a billion euros also in other car models. Slovak Finance Minister Eduard Heger said that the government was trying to convince the company that it wanted to ensure equality of all economic entities and to improve the business environment in the country. Prime Minister Igor Matovicz stated that it would not have been possible to obtain such a clear investment if VW Slovakia had not been assessed as the best among the concern's plants.

The plant in Bratislava currently produces mainly SUVs and small city cars, such as the electric Skoda Citigo. In 2019, VW produced 378 thousand cars in Slovakia. vehicles, of which more than two-thirds are the Audi Q7, Audi Q8, VW Touareg and Porsche Cayenne. In October this year. production of the Skoda Karoq SUV began in Bratislava. During almost 30 years of presence in Slovakia, VW has invested over EUR 4.5 billion. The company decided to invest in Slovakia when it withdrew from plans to build a plant in Izmir, Turkey.

Skoda Suberb and VW Passat are manufactured in the Czech Republic at the plant in Kvasiny near the Polish border.

Piotr Górecki (PAP)

The Volkswagen Group (VW) will invest around EUR 500 million in the production of Passat and Suberb cars in Slovakia, said Oliver Gruenberg, the president of VW Slovakia. The investment does not include the construction of new plants, but will provide employment for 2,000 people.

The new generations of VW Passat and Skoda Suberb models are to be produced in Slovakia from 2023. Gruenberg said there was no need to expand the existing plants in Bratislava. A new production line will be built and the paint shop will be modified.

According to Gruenberg, VW wants to invest another half a billion euros also in other car models. Slovak Finance Minister Eduard Heger said that the government was trying to convince the company that it wanted to ensure equality of all economic entities and to improve the business environment in the country. Prime Minister Igor Matovicz stated that it would not have been possible to obtain such a clear investment if VW Slovakia had not been assessed as the best among the concern's plants.

The plant in Bratislava currently produces mainly SUVs and small city cars, such as the electric Skoda Citigo. In 2019, VW produced 378 thousand cars in Slovakia. vehicles, of which more than two-thirds are the Audi Q7, Audi Q8, VW Touareg and Porsche Cayenne. In October this year. production of the Skoda Karoq SUV began in Bratislava. During almost 30 years of presence in Slovakia, VW has invested over EUR 4.5 billion. The company decided to invest in Slovakia when it withdrew from plans to build a plant in Izmir, Turkey.

Skoda Suberb and VW Passat are manufactured in the Czech Republic at the plant in Kvasiny near the Polish border.

Piotr Górecki (PAP)

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