Volkswagen AG and Siemens AG finalize a deal to produce diesel injection systems together for TDI diesel engines. The 50/50 joint venture, Volkswagen Mechatronic GmbH & Co. KG, will launch production in fourth-quarter 2004 in Stollberg, Germany, say reports. Investment is €270 million ($286.6 million) and construction of the facility, which VW is overseeing, will begin in May. About 380 people will work at the plant by 2006, the end of the initial production stage. By mid-2007 some ...
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