Volkswagen will invest 2.4 billion reais ($577 million) in one of its Brazil fac...
FILE PHOTO: The logo of Volkswagen carmaker is seen at the entrance of a showroom in Nice, France, April 8, 2019. REUTERS/Eric Gaillard
Sao Paulo state is the heart of Brazil’s auto industry, although its relevance has been in decline in recent years as other states have offered more generous tax incentives. Sao Paulo state said in a statement that Volkswagen would create 1,000 jobs and invest in its Sao Bernardo do Campo plant, in a city that is the historic center of Brazil’s auto industry.
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