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Volkswagen’s R4 Billion Investment in Eastern Cape Plant Promises New SUV Lineup in South Africa

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Eastern Cape News

Volkswagen

Volkswagen's monumental R4 billion investment in its Eastern Cape manufacturing plant promises to bring new models and opportunities to the nation.

The investment will focus on preparing the Kariega plant for the production of a third model range from 2027Source: Getty Images

Volkswagen's recent announcement of a R4 billion investment in its South African manufacturing plant sparked chatter about the nation's automotive industry.into preparing the Kariega plant for the production of a third model range, planned to hit the roads by 2027.

"To all the naysayers out there, can’t you see that this is positive for South Africa. Do you really want less of this?""Did any of you see it will be based on a Polo platform? An SUV? Wonder what the size of it will be.?"on Wednesday reported a forecast-beating rise in profits for 2023 as vehicle deliveries rebounded but warned of slower sales growth this year, sending its shares down.

Source: News Formal (newsformal.com)

Volkswagen

 

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