BRASILIA: German automaker Volkswagen AG will soon announce investments of 1.2 billion reais (US$529mil) in Brazil to begin local assembly of its newest Golf model and restart local production by its Audi premium division, a spokesman for the state of Parana told Reuters.
Audi vice-president Bernd Martens confirmed the unit’s investment after meeting with President Dilma Rousseff in Brasilia on Tuesday, a part of the carmaker’s overseas expansion to catch up with luxury-market leader BMW.
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