Friday, July 18, 2008

VOLKSWAGEN CHANGES STRATEGY IN BOSNIA

SARAJEVO, Bosnia (July 18,2008) - During a visit by the Sarajevo Canton Economy Minister, the management of Volkswagen Sarajevo in the Vogosca economic zone announced a change in their strategic focus after the Stabilisation and Assocition Agreement (SAA) signing between Bosnia and the EU.

Volkswagen wants to continue investing in the Bosnian manufacturing capacities and new jobs. By 2009, German company plans to expand the production of sophisticated automobile components in Bosnia, and explore the possibility of manufacturing one of VW models, technical director Uwe Bischoff announced. VW Sarajevo manufactures around 5,000 cars a year, for the local market.
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