Volkswagen brand to invest €1B by 2026 in South America; targeting 40% growth in Brazil
Green Car Congress
JULY 5, 2023
The Volkswagen brand aims to make significant gains in South America with a major product offensive. By 2027, the company plans to grow by 40% in Brazil, the region’s largest market. In total, the South American automotive market is expected to grow 11% a year until 2030, making it one of the fastest growing markets in the world.
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