Volkswagen to invest $3.5 bln in Brazil to 2014

SAO PAULO Nov 26 (Reuters) - Volkswagen (VOWG.DE), Europe's largest carmaker, plans to invest up to 6.2 billion reais (US$3.5 billion) between 2010 and 2014 in Brazil to meet growing demand for automobiles, the head of its unit in the country said on Thursday.

VW expects Brazil's car sales to reach 4 million units by 2014, compared with about 3 million now, Thomas Schmall told journalists in Sao Paulo.

(Reporting by Alberto Alerigi Jr.; Writing by Guillermo Parra-Bernal; Editing by John Picinich)

((guillermo.parra@thomsonreuters.com; +55-11-5644-7714; Reuters Messaging: guillermo.parra.reuters.com@reuters.net) Keywords: VOLKSWAGEN BRAZIL/

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