November 16, 2017 / 6:19 PM / 5 months ago

VW to spend 1.8 billion euros on expanding Brazil lineup

BERLIN (Reuters) - Volkswagen said it will spend about 1.8 billion euros ($2.12 billion) to expand its model lineup in Brazil as it strives to return to profit in South America’s largest car market.

A Volkswagen Golf GTE is being charged during a workshop prior to Auto Guangzhou in Guangzhou, China November 16, 2017. REUTERS/Bobby Yip

The German automaker said on Thursday it will roll out 20 new models in Brazil by the end of the decade, 13 of which will be produced locally.

($1 = 0.8494 euros)

Reporting by Andreas Cremer; Editing by Tom Sims

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below