Volkswagen sees approval for $193 million investment in Brazil

Volkswagen workers at its Taubate plant, in Sao Paulo, Brazil approved an agreement allowing an investment of 1 billion reais ($192.97 million) for the production of a new model beginning in 2025, the local metalworkers’ union said.

The plant produces the Gol and Voyage models and employs around 3,200 workers. They are starting a new production cycle following the implementation of Volkswagen’s “MQB” modular design plan.

The first car to be produced under such a platform will be the Polo Track model, which will be introduced next year, according to the union.

The terms of the agreement were not revealed by the union.