Volkswagen says it has new investment plan for Brazil

The automaker will launch a new car in the next quarter, ending the previous program.

RIO DE JANEIRO, BRAZIL - Volkswagen has a new investment plan ready for a period of between 4 and 5 years in Brazil. But it intends to disclose it in the coming months, according to the automaker's CEO in Latin America, the Argentinian Pablo Di Si.

With the launch of a new model, the Taos, a medium-sized SUV, the company will complete the last investment cycle in the next quarter, which totaled R$7 (US$1.2) billion in Brazil and US$850 million in Argentina.

This plan was started in 2017 - when Di Si was appointed - and mainly . . .

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