From the Newsroom*
São Paulo – Volkswagen Lorries and Buses plans on investing 1 billion reals (US$ 554.9 million) between 2008 and 2012 in Brazil, in order to expand production capacity, and to develop new products and technology aimed at optimizing fuel consumption and preserving the environment.
The funds will be applied in Brazil, where the assembly company is presently the leading manufacturer of lorries. The announcement was made yesterday by Roberto Cortes, president of Volkswagen Lorries and Buses, to the president Luiz Inácio Lula da Silva, in the Brazilian capital Brasília.
The investment will be deployed in development of new engines, creation of product lines in previously unexplored niches, new models and applications for the current line, and research on alternative sources and fuel efficiency. Capacity at the factory in the city of Resende, in the southeastern Brazilian state of Rio de Janeiro, will be expanded as well.
Volkswagen Lorries and Buses will have an output of nearly 50,000 units this year, a historic record. Besides supplying complete models to Brazil and foreign countries, the Resende factory sends kits for assembly in Mexico, South Africa and Colombia.
*Translated by Gabriel Pomerancblum
