Volkswagen pauses $1.4 billion investment in Turkey over Syria invasion

London Volkswagen has paused a planned $1.4 billion investment in Turkey as a result of the country's military offensive in Syria.

The world's largest carmaker, which operates 122 production plants around the world, had been preparing to take a final decision on a factory planned for Turkey's western Manisa province. "The decision for the new plant was adjourned by the board of management of Volkswagen AG," the company said in a statement."We are monitoring the situation carefully and are worried about the current developments."The €1.

Well done

In other motoring news: Toyota supplies trucks to recently escaped isis fighters.

Trumps plan is working. 👍🏼

A loss for VW. A naive act. An opportunity for other car makers to invest.

to be resumed after the war is over, after millions are dead/wounded!

Why,,? These act have nothing to do build cars, volkwagen prefer to sale cars to 3,5 millions refuges turks its going to send to eurozone

Bravo VW volkswagen so proud of you. It's high time multinationals companies follow ethics and oppose Turkey's inhuman action on Kurds.

Good for VW. Now let’s apply the 25th Amendment to Donald! Trump has literally set the world on fire for no reason!

The Turks wouldn't care for halt in their economy when they believed their safety comes first.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why this plant-based meat company turned down a $1 million from Mark Cuban on 'Shark Tank'On Sunday's 'Shark Tank,' Jonathan and Deborah Torres, founders of Atlas Monroe, believed their 100% vegan, plant-based twist on fried chicken was worth far more than the Sharks did. MakeIt I will save you all a read: they wanted the whole co for a mil (plus they'd get a royalty) but a mil isn't much nowadays so they passed. MakeIt Because they thought they’d be the next $BYND. And if $BYND has shown anything, it’s you can lose $$$ and still be worth $8 billion.
Source: CNBC - 🏆 12. / 72 Read more »

She was the First Muslim in Space and Now She's Mobilizing $1 Billion to Support Female-Founded Companies - The RiveterBusinesses founded by women yield more than double the revenue of those founded by men. Yet in the U.S., women-founded companies receive less than 2% of venture capital investments. Is the fear of investing in female potential pushing up against data proving otherwise? Most certainly yes, says Anousheh Ansari, CEO of XPRIZE, a leading nonprofit …
Source: Women 2.0 - 🏆 149. / 63 Read more »