22
Oct
16:35
Volkswagen confirms major investment plan in Brazil
In the first statement released since the emissions scandal, Volkswagen Brazil president, David Powels, announced that the group will not cut investment, Kallanish learns from the Brazilian steel institute Instituto Aço Brazil (IAB). Volkswagen is expected to invest BRL 10 billion ($2.5 billion) in its local operations, the IAB says.
"We will not cut products in Brazil, and we will continue with our plans," Powels is reported to have said. Inves…
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Anonymous
Very good overview of the weekly steel market.
Anonymous