Volkswagen is considering dropping the plans to launch a low-cost brand in emerging markets, as previously forecast. According to Autocar website, the German company was having trouble balancing the quality of new vehicles with reduced prices.
The PSA Peugeot Citroen has reduced vehicle production in Porto Real (RJ) by 28% and, on that account, 650 employees away from one of three shifts that operate at the factory. The reasons for this action were falls in exports to Argentina, the reduction of domestic sales and foreign exchange problems.
According to information provided by the German automaker, the novelty will have three engine options including a 2.2-liter diesel 170 horsepower, 1.6 liter four-cylinder petrol engine and 156 hp 2.0-liter four-cylinder petrol engine 184 hp.