Friday, September 20, 2013

VW to invest $529 million in Audi, golf production in Brazil

VW to invest $529 million in Audi, golf production in Brazil
SAO PAULO, Sept 17 Reuters)-German automaker Volkswagen AG will soon be investments of 1.2 billion reais (529 million$) announce in Brazil start local Assembly of its newest golf model and start local production of Audi-premium Division spokesperson for the State of Parana, the Reuters news agency.

11 Local time (1400 GMT) on Tuesday, as the carmaker plans for an overseas expansion does, to get a luxury leader BMW, Audi Chief Rupert Stadler meet President Dilma Rousseff in Brasilia.

Audi movement comprises the steps of the Brazilian Government, the taxes on imported vehicles and offer tax incentives for automakers, which increase domestic investment increase.

Instead of building a new plant No. 4-car market in the world as German rivals like BMW, Audi 504 million reais facilities of the VW factory in São José Dos of pinhais, outside the capital of Paraná, expand you will invest, the spokesman said.

Audi Ingolstadt-based expected production in Brazil in the year 2015 start and producing 26,000 of the compact a3 annually within three years, he said. The plant will produce also the compact SUV Q3.

Next week, VW will announce also an investment of 700 million reais for the preparation of production of its new golf model at the factory, according to the spokesman.

Audi Press Office in Brazil went to comment, the information and a Volkswagen representative was not immediately available.

BMW said in October that it spend 200 million euros ($267 million) on a factory in the State of Santa Catarina in Brazil and end of 2014, with the aim of starting production there to make about 30,000 vehicles per year in the country.

Rising wages, Brazil have made especially for scarce, highly qualified professionals, a bright spot in the global market for luxury goods. But Honda Motor Co Ltd and General Motors co said that luxury car sales in Brazil still too small to keep, so that there is a basis for the manufacture of their upscale offerings.

Brazil is not a new country for Audi. First is entered into the market, in 1999, when she started, building A3 at the site of Paraná jointly developed with VW. But Audi kept its assembly line at the factory in 2006.

Audi builds now all over the world to his goal to meet, replace BMW as the world's best-selling premium carmaker by the end of the Decade. The brand broke ground for a new plant in Mexico in May and to open a factory in Foshan, China, this year.

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