VW will invest $ 520 million in new Golf

Volkswagen announced yesterday that it will invest $ 520 million in production, two years from now, the new generation of compact model Golf in São José dos Pinhais, in the metropolitan region of Curitiba (PR). The project raises $ 8.7 billion to $ 9.2 billion the automaker's investment program in the country between 2012 and 2016.
The figure announced on nationalization of seventh generation of Golf, however, was below the r $ 670 million that had been promised to the Government of Paraná in a preliminary agreement signed in August. After announcing the investment the President Dilma Rousseff in Brasilia, the President of Volkswagen in Brazil, Thomas Schmall, reported that the funds will be earmarked for expansion and adaptations in the factory of São José dos Pinhais, who also will receive a line of automobiles from Audi, one of several brands of German group.
Asked by journalists if the reduction from the perspective of growth in the country is not inhibited investments, Schmall said the company is aware of this reality, but believes that this is a phase that will pass. " According to the Executive, "no country today features linear growth" because they go through phases of adjustment in the economy. He stated that 40% of Brazilians today don't have any income to buy a car and that's going to change.
VW estimates will produce more than 5 million vehicles in Brazil in 2018. Last year, there were 3.6 million cars. The new line of Golf adds paranaense factory an annual production capacity of 40 thousand cars. The unit already produces the model, but still in fourth generation. Over the past 17 days, Audi and Mercedes-Benz also announced investments in factories producing automobiles in Brazil.