VW trucks to invest 600 mln euros in Polish plant

Newswire

FRANKFURT, May 20 (Reuters) - The trucks unit of Europe's biggest carmaker Volkswagen AG said on Tuesday it would invest 600 million euros ($700 million) until 2006 in its Polish plant in Poznan, as it more than triples production there. Volkswagen said it expected to generate revenues of 1.7 billion euros by 2006 at the plant, where its new T5 Transporter van is being built, compared to just three million when it first started production in 1993. The company said it would increase the ...

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