"In view of Turkey’s positive macroeconomic conditions, its relatively low 150 cars per 1,000 population, a qualified workforce, and a well-developed supplier base, VW Group is planning on manufacturing the next-gen VW Passat and Skoda Superb at Manisa, near Izmir, from 2022. With an annual production capacity of 300,000 vehicles, the focus will be on export markets. VW also sees producing locally as the most strategic way to hedge against Turkey’s volatile currency fluctuations." – Vinay Piparsania