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Audi to build Q3 in Spain

Posted on: Wed, 22 Apr 2009 08:57:00 EDT

Symbols: VLKAY

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Apr 22, 2009 (Datamonitor via COMTEX) --
VLKAY | Quote | Chart | News | PowerRating -- Audi, a subsidiary of Volkswagen, has decided to produce its Q3 sports utility vehicle in Martorell, Spain. The market launch of the Q3 is scheduled for 2011.

According to the company, production will begin in 2011 with an annual production capacity of up to 80,000 units. The total investment will amount to around E300 million. Having agreed that the Q3 will be manufactured in Spain, a decision about production in the US has been postponed.

Rupert Stadler, chairman of the board of management at Audi, said: "Following in-depth consideration of all relevant factors and an extensive international comparison of various sites, we selected Martorell. We will use the group's synergies to sharpen our competitive edge and help protect around 1,200 jobs. The decision furthermore safeguards workplaces at other Audi locations."

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