back to the newsletter
Volkswagen Cars to be Produced at Ganja Plant
AssA-Irada -- Talks between the Azeri government and German Volkswagen to set up manufacturing and assembly lines for Volkswagen brand cars at the Ganja plant are close to completion, Minister of Economic Development Farhad Aliyev told reporters.
Minister Aliyev said an agreement is to be reached on the assembly of small Volkswagen trucks using the capacity of this plant, which will require investments of $10-15 million, including funds needed to supply spare parts.
Concerning the negotiations previously held with French Renault, the Minister said the French party had proposed very high prices and demanded state guarantees for their investments, which was not acceptable for Azerbaijan.
back to the newsletter
NOTICE
The newsletter aims to inform USACC's membership and its wider audience about important political and economic events in the country and the region. It will also serve to highlight business opportunities in Azerbaijan. This newsletter broadcast service is designed based on news stories that are written by news agencies, newspapers, respective authors, and other information sources. USACC owns and retains all intellectual property rights to this newsletter but does not claim ownership rights to all the news stories.
The content of the newsletter may not be copied, published or redistributed without the written permission of USACC or directly from the original source, when the author is not USACC. Please direct your questions or feedback to USACC at news@usacc.org
