BIZ: Product/Manufacture/Investment: VWCO expands into extra-heavy-duty truck range with launch of new Meteor truck

摘要

Brazil - Part of a major investment initiative of BRA1.5bn (USD280m) over four years since 2017, Volkswagen Caminhoes e Onibus Ltda of Resende, Rio de Janeiro has been broadening its heavy truck portfolio to compete in the extra-heavy truck on- and off-road market segments of South America under the VW brand name. The decision to target the extra-heavy market segment (heavy-duty trucks with gvw and gvcw exceeding 40t), VWCO explained, is because the extra heavy segment accounts for more than half of sales in the region. In 2018, this segment accounted for 45% of the trucks sold in Brazil and in 2019, sales in this segment accounted for 51%.