VW Postpones Decision on $1.4 Billion Turkey Car Plant
- Carmaker says it’s concerned about current developments
- VW set up Turkish unit this month, paving way for car factory
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Volkswagen AG delayed a decision on a 1.3 billion-euro ($1.4 billion) auto factory in Turkey after the country’s military action in northern Syria prompted an international outcry.
The German carmaker established a Turkish unit in the western city of Manisa in early October, paving the way to begin producing cars in the country. The plant postponement may come as a blow to President Recep Tayyip Erdogan and to Turkey, which counts Germany as its largest trading partner.