September 26, 2019 / 10:07 AM / 2 months ago

VW in final talks about new plant in Turkey -board member

BERLIN, Sept 26 (Reuters) - German carmaker Volkswagen’s is nearing a decision on building a new plant in Turkey, a board member told reporters in Berlin on Thursday.

“We are in final talks with Turkey,” said Andreas Tostmann, board member in charge of production, adding he expected the talks to be completed in two weeks, “perhaps earlier.”

Giving more details on the plans, sources close to the company said the multi-brand factory would cost more than 1 billion euros ($1.09 billion).

$1 = 0.9148 euros Reporting by Jan Schwartz and Klaus Lauer, writing by Vera Eckert, editing by Jason Neely

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