Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Spain not hit by VW investment revision

Source: Reuters - Sat 10th Oct 2015
Spain not hit by VW investment revision

The government in Madrid has said Spain will not be affected by German carmaker VW's upcoming investment revision in the wake of its emission tests scandal. It said promised resources would be allocated as planned.

VW's current endeavors to come to grips with its scandal over rigged diesel-engine emission tests would have no impact on the carmaker's earlier promise to make substantial investments in Spain, the country's Industry Minister Jose Manuel Soria said in Madrid on Friday.

The announcement came a day after a meeting with VW's new CEO, Matthias Müller in Wolfsburg, Germany.

"Müller reassured me that VW's planned investment program for Spain would be left intact," Soria said.

According to Madrid, Volkswagen had pledged to invest a total of 4.2 billion euros ($4.7 billion) in it Seat facilities in Martorell near Barcelona and Landaben near Pamplona. A cutback of investments there would have dealt a severe blow to Spain's conservative government of Prime Minister Mariano Rajoy some two and a half months ahead of parliamentary elections on December 20.

The German auto maker has been under increasing pressure to come up with a solution as to how to fix cars with defeat devices that thwarted laboratory pollution tests. The California Air Resource Board (CARB) said Friday it had given VW until November 20 to come with a detailed plan on how to refit affected vehicles.

German media reports said the Californian authorities were also carrying out tests on diesel cars made by other manufacturers.

Recommended Reading :

* Spanish Gov't my claim damages from VW

* Seat admits manufacturing 700,000 cars with VW's rigged engines

Comment on this Story

Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs

When shopping for bodyjewelrytips, never buy anything that has nickel. The best type of material is the steel, titanium, wood, anodized gold or gold. Most nickel products will rust and may infect your ear. If you have pierced the naval or eye, you do not need to worry, as that is the most versatile part of the body. You can wear rings, straight, curved or fancy and captive beads. There are many leading body piercing jewelry that offer some of the biggest collection at very affordable price. In regard to shopping, always go to a wholesale shape as that is the sure place of getting any type of body piercing jewelry. The only thing that you need to be careful about is the material used to make the jewelry. There are instances when body piercing might go wrong and the result is an infection. In order to avoid this, make sure that the person doing the piercing is qualified to do so. After piercing is done Bodys piercing trends, you should keep the area sterilized and clean. Use warm water to wipe dirt. Never use spirits as they will corrode the area resulting to a wound which might cause an infection.