Volkswagen AG to Open a New Automobile Factory in Eastern Europe

Volkswagen AG to Open a New Automobile Factory in Eastern Europe

After postponing Volkswagen AG’s final decision to open a new automobile factory in Turkey, Bulgaria sees a chance to be considered as a potential destination again. The postponement of the decision is due to Turkey’s military action in northern Syria. Possible locations for a Volkswagen factory in Bulgaria are Sofia and Plovdiv. The new factory shall produce cars from different brands under the Volkswagen group, including Volkswagen, Audi, Skoda, SEAT and others. Initially, Skoda Karoq and SEAT Ateca will be produced by moving their current production from Skoda’s factory in Kvasiny, Czech Republic.

Sources say that the direct capital investment will be over EUR 1.4 billion and will include the opening of initially 5,000 workplaces, plus hundreds of engineers, followed by thousands of workplaces as suppliers and service industries.

After postponing Volkswagen AG’s final decision to open a new automobile factory in Turkey, Bulgaria sees a chance to be considered as a potential destination again. The postponement of the decision is due to Turkey’s military action in northern Syria. Possible locations for a Volkswagen factory in Bulgaria are Sofia and Plovdiv. The new factory shall produce cars from different brands under the Volkswagen group, including Volkswagen, Audi, Skoda, SEAT and others. Initially, Skoda Karoq and SEAT Ateca will be produced by moving their current production from Skoda’s factory in Kvasiny, Czech Republic.

Sources say that the direct capital investment will be over EUR 1.4 billion and will include the opening of initially 5,000 workplaces, plus hundreds of engineers, followed by thousands of workplaces as suppliers and service industries.