Volkswagen said on Sunday it had formed a joint venture with Algerian sales partner SOVAC to assemble cars in the North African country, aiming for production capacity of more than 100 vehicles a day from spring 2017. Volkswagen will hold a minority stake in the joint venture, SOVAC Production SPA, which will produce vehicles from the Volkswagen, Volkswagen Commercial Vehicles, SEAT and Skoda brands, the German carmaker said.
Source: www.engineeringnews.co.za
Volkswagen forms JV with Algeria’s SOVAC for local assembly
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