VW Invests Millions of Euro in Slovakia Plant image

VW announced it plans to incest tens of millions of euro into its plant in Slovakia to add new hybrid SUV models.

VW board member Michael Macht responsible for the SUV hybrid vehicles said that production for this type of cars is very complex and therefore the manufacturing time is longer. Volkswagen plans to make the hybrid versions of the Porsche Cayenne, VW Touareg and Audi Q7.

“The year 2012 is the most successful year ever for Volkswagen Slovakia,” said unit chief executive Albrecht Reimold. “We can be 100 percent sure that we will reach our target.”

The VW Touareg and Audi Q7 are manufactured exclusively at the Bratislava plant and for the first half of the year the facility produced 209,400 vehicles, compared with 210,441 units in the same period last year. Although over the past ten years VW has cut 16,500 jobs and closed 5 plants in Europe, its remaining plants run at full capacity and the automaker makes investments to expand them.

In March VW launched at its Bratislava plant production of the Volkswagen Up!, which represents 50% of the overall Up! production at the factory. The company also plans to launch production of the eco Up! with compressed natural gas engine and an electric-engine version called the e-Up! in 2013.