VW: New plant in Turkey postpones construction again: Volkswagen Turkey
Istanbul
February 28, 2020
Reuters (February 18):
Germany’s Volkswagen (VW) has again postponed its final decision on building a new plant in Turkey.
In October 2019, Turkish military operations in Syria (the Fountain of Peace) received international criticism.
As a result, VW has postponed the final decision to build the factory.
Final decision: Mid-2020
By December 2019, the final decision was to be February 2020.
According to the postponement, “the final decision will be shifted to the middle of 2020 at the earliest.”
Volkswagen Turkey: established
VW Establishes Corporation for Production Advancement in Turkey in September 2019 (See article on October 11, 2019)
€ 1.3 billion to invest in new plant by 2022
Next generation Passat,
Skoda Superb,
It was planned to be manufactured (300,000 annual production capacity).
Major Shareholder Qatar: Support
Behind the report, “There was a strong boost from Qatar, which holds a 17% stake in VW.”
-JETRO
https://www.jetro.go.jp/biznews/2020/02/108ff14e90c75355.html