FILE PHOTO: A new logo of German carmaker Volkswagen at the VW headquarters in Wolfsburg, Germany September 9, 2019. REUTERS/Fabian Bimmer/File Photo
BERLIN (Reuters) – German carmaker Volkswagen’s (VOWG_p.DE) is nearing a decision on building a new plant in Turkey, a board member told reporters in Berlin on Thursday.
“We are in final talks with Turkey,” said Andreas Tostmann, board member in charge of production, adding he expected the talks to be completed in two weeks, “perhaps earlier.”
Giving more details on the plans, sources close to the company said the multi-brand factory would cost more than 1 billion euros ($1.09 billion).
Reporting by Jan Schwartz and Klaus Lauer, writing by Vera Eckert, editing by Jason Neely
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