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Volkswagen: South African investment plan unveiled

Volkswagen

Volkswagen is planning to invest heavily into their South African production facilities.

Europe’s biggest automaker Volkswagen says it will expand its South African operations with investments in a plant in Uitenhage and a distribution centre near Pretoria.

VW said it would invest about 70 million euros ($A99.84 million) on top of around 500 million euros ($A713.17 million) already ploughed into South Africa over the past four years as part of its goal to become the world’s biggest carmaker.

“The Uitenhage plant plays an important role in this context,” a statement quoted VW chairman Martin Winterkorn as saying.