Audi news - Brazil Plant

[Jim Griffin <JGriff@pobox.com>]

FYI.....
	  				 
	 INGOLSTADT, Germany, Dec 5 (Reuter) - Audi AG <VOWG.F>, the  
luxury car unit of Germany's Volkswagen AG <VOWG.F>, said on 
Thursday that it could invest well over 500 million marks in a 
Brazilian production plant but that no final decision has been 
made. 
	 Audi has planned to build a factory in Brazil where the new  
compact A3 model for Latin American markets would be produced. 
	 A final contract over the plant is expected by the end of  
next week, Audi officials have said. 
	 ``The investment will be more than 500 million marks but it  
could also be clearly above that level,'' an Audi spokesman told 
Reuters in response to an enquiry. 
	 Industry sources have said that investment in a new Latin  
American factory could run into the billions of marks. 
	 The Audi spokesman also confirmed a report in the German  
newspaper Sueddeutsche Zeitung that the factory in Brazil could 
have production of about 30,000 of the Audi A3s as well as the 
VW Jetta model.

                             Jim Griffin
                      JGriff@pobox.com
  http://www.geocities.com/MotorCity/4475
                        Maryland, USA
   "Perception is often stronger than reality!"
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