SAO PAULO, Brazil, Aug 21 (Reuters) - Volkswagen AG's Brazilian unit said on Monday that it may close one of its factories if it fails to reach an agreement with labor unions over its proposed restructuring plan. Like other major automakers in Brazil, Volkswagen has been hit hard in the last two years by the steep appreciation of the Brazilian real versus the U.S. dollar. The strong real has made it increasingly difficult for automakers in Brazil to export to foreign markets, a key aspect ...
Premium Content (PAID Subscription Required)
"Volkswagen says may close a factory in Brazil" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.