Continental jumps into turbocharger business

Car makers the world over are looking for the most cost effective ways to increase fuel economy as fuel prices continue to climb and CO₂ limits and fuel economy standards come into force. One approach that seems to be appealing to most is adding direct fuel injection and turbocharging to smaller displacement engines. Continental Automotive Systems sees the trend and is jumping on the bandwagon. Continental has announced their intention to build their first turbocharger plant for production begining in 2011. The initial production run will be for 2.0L four cylinder engines at the rate of 100,000 per year. No location has been announced for the plant, but somewhere in Eastern Europe seems probable. Volkswagen is also rumored to be the first customer for Conti's turbos.
[Source: Automotive News - sub. req'd]