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Volkswagen to invest $210 mln in South African plant

Volkswagen to invest $210 mln in South African plant

VOLKSWAGEN plans to invest 4 billion rand ($210.67 million) in its South African manufacturing plant in the Eastern Cape in preparation to manufacture a new SUV in 2027, it said. South Africa is the largest automotive manufacturing hub on the African continent, hosting global brands such as Toyota, Isuzu, Volkswagen and Mercedes. The German carmaker's statement said the investment will be used to upgrade facilities in various areas in preparation for the addition of a third model to its production line-up from 2027. "As most global vehicle markets transition to electric vehicles, African markets like South Africa will continue manufacturing and…
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