Volkswagen canceled plans to build a factory in Turkey due to the sharp drop in car sales on record since the new coronavirus hit the global economy. The car market has not been indifferent to this impact, as has been reported, and particularly the German company is not.
In a statement sent this Wednesday and released by “Bloomberg”, Volkswagen explains that the reduction in the demand for vehicles has made the greater production capacity“ unnecessary from the current perspective ”. In other words, the multinational explained that, instead of investing in more space, it will produce new cars in the factories it already has at the moment.
The world's largest carmaker had already suspended the project last year, when political tensions in the region increased after US troops withdrew from Syria, but the Covid-19 disease created further obstacles to this infrastructure investment.
According to the financial agency, the factory in Turkey was expected to manufacture around 300 units per year and be a basis for Volkswagen's expansion in the Middle East - that is, a strategic point of the brand for that region.