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CORPORATE NEWS

VW raises production to 9,366 cars in April

Volkswagen Bratislava, the Slovak unit of German Volkswagen AG, said on May 14 it produced 9,366 cars in April, up from 8,686 cars in March. VW, which bought a share in the Bratislava car plant in 1992 and became its sole owner in 1995, said in February it planned to treble its 1998 annual output to 120,000 cars. "Currently the plant produces about 450 cars daily, and we plan to increase this to at least 500 by the end of this year," said VW's supervising manager, Martin Langfelder. In 1997, VW invested 110.6 million marks in the Bratislava plant, mostly in new technology and labor productivity. VW Bratislava produces a range of VW cars, most of which are exported. "Only roughly 0.5 to 1.0 percent of our production stays on the domestic market, the remainder is exported," Langfelder said. The main target of the Bratislava plant is Germany, to which some 40 percent of the plant's output is exported.

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