Volkswagen Slovakia (VW SK) has welcomed the decision by its parent to produce the company’s new Up! model in Bratislava.
VW management in Germany announced on April 22 that the new small family car will be made in Bratislava. The investment is expected to amount to €308 million.
Bratislava, where the company produces Volkswagen Touareg, Audi Q7, Škoda Octavia and luxury Porsche Cayenne models, has long been considered a favourite. The production of the new model will create about 1,500 new jobs, the TASR newswire wrote. Currently, the car producer employs about 7,800 people in Slovakia.
The first Up! models should be completed in early 2011. VW intends to use it to acquire a greater share of a market segment in which it has been poorly represented to date. The Up! is intended to be economical and environmentally friendly. TASR
Compiled by Zuzana Vilikovská from press reports
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