Slovakia: VW to invest €1bn over five-year period

Volkswagen's Slovakian unit has announced plans to invest €1bn (US$1.36bn) in the country over the next five years. This investment is aimed at increasing its production of vehicles and parts. Over the past 20 years, the company's investment in Slovakia has totalled €1.7bn, Reuters said. The OEM's plant is located near Subscribe to Automotive World … Continued

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• February 11, 2011