Volkswagen postpones final decision on Turkey plant - spokesman

Dogus Otomotiv Servis ve Ticaret

15/10/2019 08:14

FRANKFURT, Oct 15 (Reuters) - Volkswagen  VOWG_p.DE  has
postponed the final decision whether to build a car plant in
Turkey, a company spokesman said, amid international criticism
of the country's military operation in Syria and concerns about
potential reputational fallout.
    "We are carefully monitoring the current situation and look
with concern at current developments," a company spokesman said
on Tuesday.
    Earlier this month, Volkswagen established a subsidiary in
Turkey's western Manisa province, while the company said that it
was still in the final stages of negotiation and that it had not
made a final decision on the factory.  urn:newsml:reuters.com:*:nL5N26N2DK
    German Chancellor Angela Merkel said on Sunday that she told
Turkish president Tayyip Erdogan that the offensive must be
stopped because it risked creating a humanitarian crisis.
    European Union countries agreed on Monday to limit arms
exports to Turkey, while U.S. President Donald Trump imposed
sanctions on Turkey.  urn:newsml:reuters.com:*:nL5N26Z57N

 (Reporting by Arno Schuetze; editing by Thomas Seythal)
 ((arno.schuetze@thomsonreuters.com; +49.69.7565.1197; Reuters
Messaging: arno.schuetze.reuters.com@reuters.net))