Brazilian Governor Says Volkswagen to Invest $577 Million in Auto Factory -Reuters
August 29 2019 - 2:12PM
Dow Jones News
--The governor of Brazil's Sao Paulo state said automaker
Volkswagen AG plans to invest about $577 million in a Brazilian
factory, Reuters reports Thursday.
--Sao Paulo state said Volkswagen's investment in its Sao
Bernardo do Campo plant would create 1,000 jobs, according to the
report.
--Governor Joao Doria's tenure has been marked by incentive
programs designed to attract manufacturing to Sap Paulo state, the
report said.
Full story:
https://www.reuters.com/article/us-volkswagen-brazil-germany/volkswagen-to-invest-577-million-in-brazil-auto-plant-idUSKCN1VJ277?il=0
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
August 29, 2019 13:57 ET (17:57 GMT)
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