Volkswagen confirms acquisition of Karmann, will build new model at German plant
Volkswagen’s Supervisory Board confirmed today that it will buy land, machinery and equipment formerly belonging to Karmann at its Osnabrueck, Germany plant. Volkswagen said that it will build a new vehicle in Osnabrueck in 2011 but did not specify what the new car would be.
“Volkswagen will begin vehicle production in Osnabrück in 2011,” Volkswagen said in a statement. “According to present plans, this will create over 1,000 jobs by 2014. Ongoing development contracts will continue in effect. Some 200 specialists will already be needed from next year to start production and set up the vehicle project.”
Volkswagen said that employees and former employees of Karmann have extensive experience in the production of small series models, and this experience will be accessed in line with requirements.
– By: Omar Rana
