Team-BHP > BHP Worldwide > The International Automotive Scene

Thread Tools Search this Thread
Old 13th July 2019, 04:13   #1
AMG Power's Avatar
Join Date: Mar 2017
Location: BLR
Posts: 554
Thanked: 2,279 Times
Default VW to locate new multi-brand plant in Turkey, after lobbying by major shareholder State of Qatar

Geo politics and automotive businesses may not be the right combination for success but if your major shareholder pushes for it there is very little you can do.

VW Group are locating their new plant in Turkey as against Bulgaria as per the decision taken at their recently held Board meeting.

The Volkswagen Group has been trying for months to reach a decision regarding the location of its new multi-brand plant planned for Europe.

From the beginning, the automotive giant said the location of the plant would be somewhere in southeastern Europe, and most recently Turkey and Bulgaria were shortlisted as favorites. In the end, it appears that Turkey got the upper hand on its northwestern neighbor.

The decision may come as a surprise to some people, given that Bulgaria is a member of the European Union while Turkey is not. In an interesting turn of events, the State of Qatar had a decisive influence on the matter. The Middle Eastern nation is a major VW Group shareholder, owning 14.6 percent of the company and 17.0 percent of voting rights through its Qatar Holding company.
AMG Power is offline   (2) Thanks Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Buy car in state or out of state (Major price difference) autoenthusiast The Indian Car Scene 53 26th November 2019 21:16
Daimler turns down Geely's offer to buy stake. EDIT: Geely Chairman becomes largest shareholder blackwasp The International Automotive Scene 7 19th April 2018 22:00
Mahindra acquires Erkunt Traktor Sanayii AS, the 4th largest tractor brand in Turkey speedem0n Commercial Vehicles 1 21st September 2017 11:27
Please help me locate following accessories in New Delhi tsk1979 Modifications & Accessories 49 13th May 2013 13:17
How do I locate my 1985 M800. After a decade? gopz Shifting gears 35 5th September 2007 21:40

All times are GMT +5.5. The time now is 00:42.

Copyright 2000 - 2020,
Proudly powered by E2E Networks