Volkswagen MAN to make new $79 million investment in Ankara - Turkish minister

Turkey's Industry and Technology Minister Mustafa Varank said on Friday that Volkswagen AG's MAN commercial-vehicle division Turkish subsidiary would make a new 452 million lira ($79 million) investment in a special investment area designated in Ankara’s Çubuk district. 

“It has been approved by our president and published in the Official Gazette as of today. The Volkswagen Group’s MAN Türkiye AŞ’s facility in Ankara’s Çubuk is declared as a special investment area,” state-run Anadolu Agency quoted Varank as saying during a reception at the German Embassy in Ankara. “700 people will be employed with God’s will thanks to 452 million lira investment to be made there,” he said. 

Turkey and German car producer are also about to finalise talks over a new $1.1 billion factory to be established in Turkey’s western province of Manisa. Turkey’s Trade Register Gazette published on Wednesday a notice that the Volkswagen officially registered a subsidiary in the province.

The factory in Manisa will have a maximum annual production capacity of 300,000 vehicles and production is scheduled to start in 2022, Automotive News Europe said on Wednesday.
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