VW provides back to profit in the country in 2019

Volkswagen is close to returning to profit from your operation in Brazil and hopes that the turn occurs as early as 2019, said on Wednesday, 23, the global head of the automaker's operations, Ralf Brandstätter, during visit to São Paulo. The Executive holds confidence in economic recovery and in cars that Volkswagen intends to launch this year, with special emphasis for the T-Cross, main bet of the brand to sell well in the sport utility segment, known by the acronym in English SUV and has been the fastest growing in the market. "Prepare the basis for it and the team is now running. So, why not (return to profit in 2019)? "he said. The President of Volkswagen in South America and Caribbean, Pablo Di Si, which also participated in the conversation, said the company did not return a profit yet because of the recent crisis in Argentina, where the brazilian operation sends the biggest cars intended for export. "We are very close to get back to making money." The promises of the Volkswagen executives return to profit in Brazil were made days after one of its main competitors, General Motors, which manufactures Chevrolet cars, have signaled that could leave the market in South America if not to return to profit in the region in 2019, after years of losses. The message broke the American's global President, Mary Barra, and was transferred to the Brazilian officials by Carlos Zarlenga, the leader of the operation in the MERCOSUR. Di Si, Volkswagen, said the company also has credits for GST available but which are "on time". He also said that I don't want to start any negotiation with the State Government to receive them at the time. The automaker ended 2018 in the second position of the car market in Brazil. Partnership with Ford the global head of Volkswagen's operations had avoided giving details about the recent comprehensive partnership with Ford to produce commercial vehicles. For now there is nothing planned for Brazil. According to what was announced, the two automakers will share the platform of a truck average, with sales starting in 2022. The main highlight of Latin America in the joint work will be the production of the pickup Amarok, Volkswagen, on the same platform of the Ford Ranger. The average pickup will be produced in Argentina and will reach the market in 2022. The partnership comes at a time when automakers have been trying to cut costs, often through partnerships. On Wednesday, Ford Motor announced net loss of $ $116 million in the fourth quarter of 2018. In the same period to 2017, the automaker had recorded a profit of $ $2.5 billion. Brandstätter, however, ensured that the automaker's plans for Brazil will not be changed. "The strategy set for Brazil will continue to be followed," he said. The automaker's investment plan for the Country, announced at the end of 2016, is R $7 billion by next year.