Volkswagen Truck & Bus to invest ~€420M in Brazil; new products, connectivity services
02 December 2016
Volkswagen Truck & Bus’s Brazilian commercial vehicle brand (Volkswagen Caminhões e Ônibus) will invest ~€420 million (US$448 million) over the next five years into the steady renewal of its product portfolio, modernization of its plant in Resende, and the development of its connectivity services.
Volkswagen Caminhões e Ônibus has led the market for the sale of trucks in Brazil for 13 years running. At the Resende plant, the company’s staff work together in close partnership with suppliers in a modular production system sharing tasks.
German companies think long-term. We might not be the first ones to venture into new markets. But wherever we are, we persevere in difficult times too. Brazil in particular is a country with which we enjoy very successful business relations that go back decades and that will continue for a long time yet. That is why we are strengthening our commitment at Volkswagen Caminhões e Ônibus further.
—Andreas Renschler, CEO of Volkswagen Truck & Bus and the member of the Board of Management of Volkswagen AG responsible for commercial vehicle activities
Connectivity gimmicks are not going to cut it anymore for the old HD truck makers. We need fully self driving HD trucks now. When the battery factories are ready these self-driving HD trucks shout be designed as ultra durable 1 million milers BEVs as well.
Posted by: Account Deleted | 02 December 2016 at 01:51 AM