Brazil Volkswagen workers approve agreement for $193 mln investment & More News Here

Volkswagen’s manufacturing facility is seen in Sao Bernardo do Campo, Sao Paulo state, Brazil September 24, 2020. REUTERS/Amanda Perobelli

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SAO PAULO, June 29 (Reuters) – Volkswagen Group (VOWG_p.DE) workers at its Taubate plant, within the Brazilian state of Sao Paulo, authorized on Wednesday an agreement permitting an investment of 1 billion reais ($192.97 million) for the manufacturing of a brand new mannequin beginning in 2025, the native metalworkers’ union mentioned in a press release.

The plant, which at the moment produces the Gol and Voyage fashions, employs round 3,200 workers and is beginning a brand new manufacturing cycle after the implementation of Volkswagen’s “MQB” modular design technique.

The first automobile to be produced below the platform would be the Polo Track mannequin, which might be launched subsequent yr, the union mentioned.

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Volkswagen didn’t instantly reply to requests to touch upon the matter. The phrases of the agreement weren’t disclosed by the union.

Last week, workers at Volkswagen’s predominant Brazil plant in Great Sao Paulo’s Sao Bernardo do Campo, accepted a wage lower and a reduce in working hours beginning in July because of the lack of auto elements and digital elements.

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($1 = 5.1822 reais)

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Reporting by Alberto Alerigi Jr.; Writing by Peter Frontini; Editing by Chris Reese

Our Standards: The Thomson Reuters Trust Principles.

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