Volkswagen (VW) invested DM 130 million into its Bratislava subsidiary between 1992 and 1994, representing 12 percent of total foreign investment in Slovakia, Trend reported on November 8. VW is considering increasing its investment over the next two years by DM 80 million.
The number of cars produced at the Bratislava plant has increased from 2,230 in 1992 to an expected 20,000 this year, and in 1996 an increase of an additional 10,000 cars is anticipated. Meanwhile, the plant's work force has grown from 434 in 1992 to 1,800. Sales in Slovakia have recently been hurt by a cabinet decision to temporarily eliminate the customs fee on imported cars.
23. Nov 1995 at 0:00 | From press reports of TASR and SITA