The Latin American division of Volkswagen has only recently become profitable, so the company decided to support the upward trend by investing another $1 billion USD into it over the next five years, focusing on launching a new range of wallet-friendly cars.
The first of these will be the Polo Track model similar to the European car with the same name. It will come out in 2023 based on the same MQB platform, and will be assembled in Brazil.
Judging by the sole teaser image thus far revealed, the car sports its own front fascia design. No other details are available at the moment.
Out of the billion USD allocated for the investment in the Latin American branch, VW intends to spend a major part for digitalization and biofuel research. The latter is important because the local market is not ready to make a complete switch to electrified or all-electric vehicles.