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Volkswagen to move Slovakia line to Bosnia

Volkswagen, Europe’s biggest car maker, plans to move an assembling line from Slovakia to Bosnia, the director of Volkswagen’s partner firm in Bosnia said on Monday.

Volkswagen runs a small operation with ASA Holding, assembling Volkswagen and Skoda models at the Sarajevo plant. “The steering board of Volkswagen Sarajevo is due to approve on August 27 the decision to move a factory from Slovakia to Sarajevo,” ASA Holding General Manager Nihad Imamovic told a news conference in Sarajevo. “It will employ some 600-700 people,” Imamovic said. He gave no reason for the move from Slovakia.

VW owns 58% of Volkswagen Sarajevo, and ASA Holding, its official dealer and car parts maker, owns the rest. (Reuters)