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Volkswagen invests in new products and new plants

28th November 2007 Print
“Over the next three years the Volkswagen Passenger Cars brand will be investing 9.5 billion euros,” Prof. Jochem Heizmann, Member of the Board of Management of Volkswagen Aktiengesellschaft, announced.

6.5 billion euros will be invested in new products. Some 1.7 billion are earmarked for new production structures such as new plants in Russia and India, together with a third assembly line and the press shop in Wolfsburg and the paintshop in Pamplona.

A total of 479 million euros will be invested in the Wolfsburg plant, with 120 million designated for Golf production. 158 million euros will be invested in the plant structure and press shop restructuring. Investment at the Brunswick plant will total 229 million, of which 108 million is earmarked for component deliveries to Audi and for capacity increases.

“These investments in our plants safeguard employment at a high level. The volume of investment at the Volkswagen plants in west Germany in particular results from the 2006 collective bargaining agreement, under which the company gave specific product and capacity commitments to the workforce in return for an increase in working hours without more pay,” Bernd Wehlauer, Deputy Chairman of the Group Works Council of Volkswagen Aktiengesellschaft, stressed.

540 million euros will be invested at the Kassel plant, with 121 million of this figure earmarked for gearbox production capacity expansion. Investments at the Emden plant will total 372 million euros, of which 236 million will be spent on products. 304 million euros will go to the Salzgitter plant, including investments in TDI common rail engines. It is planned to invest 100 million euros in Auto 5000.

A total of 456 million euros has been earmarked for Volkswagen Sachsen. Some 86 million will be invested in paintshop modernization and structural adjustments.

Investment at Volkswagen Slovakia is scheduled to total 298 million euros, of which 184 million will be invested in vehicles. Volkswagen Navarra will be investing a total of 284 million euros, including 48 million for the new paintshop in Pamplona.

Investment at Autoeuropa will amount to 541 million euros, with a particular focus on new vehicles.