Reuters logo
VW to spend 1.8 bln euros on expanding Brazil lineup
November 16, 2017 / 5:32 PM / a month ago

VW to spend 1.8 bln euros on expanding Brazil lineup

BERLIN, Nov 16 (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.

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