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Volkswagen AG (VOW3.DE)

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  • Reuters

    Brazil Volkswagen workers approve agreement for $193 million investment

    The plant, which currently produces the Gol and Voyage models, employs around 3,200 workers and is starting a new production cycle after the implementation of Volkswagen's "MQB" modular design strategy. Volkswagen did not immediately reply to requests to comment on the matter. Last week, workers at Volkswagen's main Brazil plant in Great Sao Paulo's Sao Bernardo do Campo, accepted a wage decrease and a cut in working hours starting in July due to the lack of auto parts and electronic components.

  • Reuters

    Audi invests $19.2 million to restart production in Brazil

    Audi, a Volkswagen Group brand, announced on Wednesday an investment of 100 million reais ($19.22 million) to restart production at its plant in Parana state in Brazil, according to plans disclosed late last year. Initially, the plant will have a maximum production capacity of 4,000 vehicles per year, the company said in a statement. Audi will assemble the Audi Q3 and Audi Q3 Sportsback models at the plant in the city of Sao Jose dos Pinhais, initially only for the Brazilian market.

  • Reuters

    Audi invests $19.2 mln to restart production in Brazil

    Audi, a Volkswagen Group brand, announced on Wednesday an investment of 100 million reais ($19.22 million) to restart production at its plant in Parana state in Brazil, according to plans disclosed late last year. Initially, the plant will have a maximum production capacity of 4,000 vehicles per year, the company said in a statement. Audi will assemble the Audi Q3 and Audi Q3 Sportsback models at the plant in the city of Sao Jose dos Pinhais, initially only for the Brazilian market.