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Volkswagen to invest 150 million euros in logistics center in Slovakia

Volkswagen to invest 150 million euros in logistics center in SlovakiaGerman carmaker Volkswagen on Thursday announced its plan to invest 150 million euros ($163.67 million) to build a logistics center near its assembly plant in Bratislava, Slovakia, according to Reuters.

The logistics center will be opened in 2017 and an external partner will run it, the company said.

Volkswagen exports almost all of the vehicles it makes in the Slovak factory. It produces Volkswagen Touareg, Audi Q7, Volkswagen up!, Volkswagen e-up!, SEAT Mii, SKODA Citigo and bodies for Porsche Cayenne at its Slovak plant. It will also launch a Porsche Cayenne assembly line next year.

Slovakia, the world's biggest per-capita car producer, is also home to Kia and Peugeot Citroen plants and a new Jaguar Land Rover plant is expected to come online in 2018.
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