VW S.Africa to enter truck market, invest $50 mln

Newswire

By Lucia Mutikani JOHANNESBURG, Jan 31 (Reuters) - Volkswagen South Africa (VWSA) will enter the country's booming bus and heavy commercial truck market within the next two years, investing about 300 million rand ($50.41 million), the company said on Monday. VWSA managing director Andreas Tostmann told reporters the venture -- in which Brazilian-sourced heavy vehicles would be assembled on a semi-knocked-down basis and buses would brought in initially as fully built units -- would create ...

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