Volkswagen Slovakia Hopes to Sell 400,000 Cars in 2012 and 2013 image

Volkswagen Slovakia hopes to sell 400,000 cars in 2012 and 2013, due to strong demand for the sport utility vehicles.

In the following 5 years Volkswagen plans to invest almost 1.5 billion euro ($1.90 billion) in Slovakia, which is known as the euro zone’s second poorest country. In 2011 the company introduced the new small-size model ‘Up!’ to its Slovak portfolio, which helped boost its sales in the country.

“We will have this year’s production at levels that we have already outlined and forecasts for 2013 suggest similar levels,” Volkswagen Slovakia Chief Executive Albrecht Reimold told reporters after a groundbreaking ceremony of a new bodyshop.

In 2011 Volkswagen Slovakia produced 210,441 units, up from 144,510 in 2010, basically due to strong demand for its SUV models in Germany and other emerging markets. Volkswagen has a plant near Bratislava which manufactures SUV models, among which the new generation of Volkswagen Touareg, Audi Q7 and also parts for the Porsche Cayenne.

Last week, on June 22nd, the 3,000,000th car rolled off the Bratislava-based Volkswagen Slovakia plant assembly line, since the company launched production back in 1991. Albrecht Reimold, CEO of the Volkswagen Slovakia, declared that in 21 years of car production Volkwagen has introduced 12 new models.