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The Spainish automotive market has been among the hardest hit in the European economic crisis, but the first hints of a turnaround are starting to come to the market. VolkswagenVolkswagenGermany, 1938 > present98 models
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is promising a $1 billion (€785 mllion) investment in northern Spain over the next five years, and it is not alone.
VW's investment will go to its factory in the Navarra region that builds about 300,000 PolosVolkswagen Polo Gen.5Germany, 2009 > present247 versions
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a year and employs 4,600 people. The investment would mostly go towards preparing the factory to build the next generation Polo and its variants. from other VW Group brands.
RenaultRenaultFrance, 1898 > present189 models
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is adding 1,300 workers to its Spainish factories, and FordFordUnited Kingdom, 1909 > present33 models
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will move production of the next generation Mondeo to Spain late in the year after it closes its Genk, Belgium,
The Spainish government is taking partial credit for the possible automotive production boom because of its reforms to the labor market that make hiring and firing workers easier.
Source: Automotive News Europe
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