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Volkswagen to invest US$1.26 billion in Argentina and Brazil to manufacture new family of cars

RIO DE JANEIRO, BRAZIL - "The region is an important market. In the past 2 years, we achieved a very good position through our consistent restructuring program. Now, we are driving the implementation of our Accelerate plan, strengthening our competitive standing. We proved that we can be profitable despite a low overall market and challenging conditions. We continue to invest in projects that safeguard sustained profitability in the future," said Volkswagen global CEO Ralf Brandstätter.

"The high level of future investment in our region is evidence of Latin America's strong market relevance. This is based on three key factors . . .

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