Volkswagen to invest DM 150 million to fuel development of Poznan plant

Volkswagen Poznan is to invest DM 150 million this year in the development of its plant, which is to produce 70,000 vehicles this year, a third of them being T4 trucks. According to board member Adam Dobielinski the plant will produce around 14,000 new Skoda Fabias this year. A new paint shop in Poznan, which will make the spraying of the car's bodies possible, is to be completed in 2001 and cost DM 200 million in investments. In the long run the plant will limit its production to two exclusive models, VW T4 and its successor T5, and manufacture 80,000 vehicles annually. The work is already under way. Volkswagen Poznan employs 2,600 people and made zl. 75.8 million in net profits on sales revenues of zl. 2.9 billion last year. (Rzeczpospolita, May 20-21, page B3) P.S.