Friday, January 20, 2006

Additional Vehicle for Volkswagen Autoeuropa in Portugal

Text from Volkswagen AG.
Wolfsburg, 20 January 2006 - The Volkswagen facility at Setubal in Portugal is to produce a further product. The Board of Management of Volkswagen AG decided in Wolfsburg on Friday to commence building a further model, at Autoeuropa during the first half of 2008 in addition to the existing Sharan series and the Eos, which recently went into production. The new model is part of the product initiative already announced by Volkswagen.

Dr. Wolfgang Bernhard, Chairman of the Board of Management of the Volkswagen Passenger Cars brand, said: “The decision to build a new model at Autoeuropa in Portugal is based on the competitive cost level at the Setubal facility as well as the positive framework which was established in cooperation with the Portuguese government and labor representatives.”

Volkswagen Autoeuropa is today one of the most advanced automotive plants in Europe, producing 79,896 Volkswagen Sharan, SEAT Alhambra, Ford Galaxy and Volkswagen Eos vehicles at the 2,000,000 square meter facility in 2005. Volkswagen Autoeuropa has a workforce of 2,790 people.

Details of the new model will be announced at a later date.

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