Midocar invests 4.4m euros

Midocar, the local dealer of German makes Volkswagen and Audi estimates to sell 700 vehicles this year, among which 125 units will be from the latest Volkswagen Golf generation. Midocar will also complete investments worth 4.4m euros, to update and expand showrooms and services. Midocar officials say investments are required as sales went up 22% last year. Midocar sold 462 Volkswagen automobiles in 2003 (up from 350 in 2002) and 63 Audis (up from 50). Next year, the company will start building a new centre for the Volkswagen make in the Splaiul Unirii area, which will spread on 3,700 square metres, hosting spaces for sales, service and offices. The commercial centre will be opened in early 2006. ZF