The
Turkey unit will have 943.5 million lira ($164.21 million)
capital and the parent company had paid a quarter of that
amount, the gazette said. The remainder will be paid in the next
two years.
The unit will focus on designing, producing and assembling
automobiles, trucks and other vehicles, the gazette said.
VW had been looking into a possible new plant in eastern Europe,
with Bulgaria known to be among countries considered along with
Turkey.
A board member of the German carmaker told reporters last week
in Berlin that the company is nearing a decision on building the
new plant in Turkey.
A spokesman for VW told Reuters on Wednesday that the company
was still in the final stages of negotiation and that it had not
made a final decision on the factory.
A deal in Turkey could be politically controversial given
European Union concerns regarding what it sees as constraints on
freedom of expression and demonstration rights under President
Tayyip Erdogan. VW's argument is that Turkey is a candidate for
EU membership.
(Reporting by Can Sezer and Ezgi Erkoyun in Istanbul, and Jan
Schwartz in Berlin; Writing by Ali Kucukgocmen; Editing by
Jonathan Spicer)
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