VW postpones final decision on new Turkey plant
Volkswagen Group has postponed the final decision whether to build a car plant in Turkey amid international criticism of the country's military operation in Syria and concerns about potential reputational fallout, a company spokesman said.
«We are carefully monitoring the current situation and look with concern at current developments» Volkswagen said on Tuesday.
Earlier this month, Volkswagen Group established a subsidiary in Turkey's western Manisa province when the automaker said that it was still in the final stages of negotiation and that it had not made a final decision on the new factory allocation.
Volkswagen picked Turkey for the factory "because of positive macroeconomic conditions" including an 80 million-strong population and its location amid growth markets.
Volkswagen Supervisory Board member Stephan Weil, prime minister in Lower Saxony where the carmaker is based, said that he could not imagine that Volkswagen will make an investment given the current circumstances.
«I have the impression that my view is shared by several other people in the supervisory board» Weil said, adding that topic would to be discussed at the next meeting of the supervisory board in mid-November.