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BUSINESS IN SHORT

VW SK to get €1.1 billion investment

VOLKSWAGEN announced plans to invest up to €1.1 billion in its Bratislava automobile plant to expand the facility’s welding and body building capacities as well as to upgrade its research capabilities, the etrend.sk internet portal reported.

VOLKSWAGEN announced plans to invest up to €1.1 billion in its Bratislava automobile plant to expand the facility’s welding and body building capacities as well as to upgrade its research capabilities, the etrend.sk internet portal reported.

The investment is expected to increase the factory’s production of car bodies by 1,100 pieces a day and open 1,200 new jobs in a four-shift operation.



The investment in the research centre will focus on new methods of welding, innovative approaches for producing car bodies, and design of moulding equipment, the Sme daily reported.


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