Wednesday, July 1, 2020

VW Story

That big VW plant that was planned for Izmir, Turkey?  For months last year, it was hyped up and discussed.

This morning, if you follow business news on N-24 (commercial news in Germany)....the plan halted.

Chief reason?  Downward trend in car sales across the globe.  No reason to build the plant at this point.  How far was the plant details?  Well....all the way through this spring, they kept uttering final stages of talking.  So no concrete laid out or signed contracts. 

For the Izmir area?  Big loss. 

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