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Volkswagen Will Decide On New U.S. Plant In July

by Darren

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Volkswagen is suffering from a weak dollar. The company is mulling over the idea of building a U.S. manufacturing plant in order to offset such losses. They said yesterday they’ll have their decision made by mid-July.

According to CEO Martin Winterkorn, the option is being seriously considered.

“We will put the issue of the U.S. plant to the supervisory board before the summer break in July,” said Winterkorn.

“We are examining options whether we could produce the next Audi SUV (sports utility vehicle) generation together with our own vehicles. It would certainly be the more cost-efficient alternative compared to a separate Audi plant. Which is why I prefer it,” he continued.

The company has stated in the past that the new plant would initially build between 100,000 and 150,000 cars annually in the United States.