Volkswagen (VLKAY.PK) will invest €3.4B ($4.4B) to upgrade operations in Brazil as it views the...

|About: Volkswagen AG ADR (VLKAY)|By:, SA News Editor

Volkswagen (VLKAY.PK) will invest €3.4B ($4.4B) to upgrade operations in Brazil as it views the nation a growth driver to help offset the lingering malaise in the European automobile market. Estimates for auto sales in Brazil range as high as 3.28M in 2012, boosted by tax incentives. (Previous: GM launches new models in Brazil)