VW Group to Invest €84.2 Billion in New Models and Technologies by 2018
Nov 27, 2013 12:33
The Volkswagen Group will invest a total of €84.2 billion ($113.85 billion) in its Automotive Division between 2014 and 2018, with over two-thirds of the amount to go into the development of efficient vehicles, drives and technologies, as well as environmentally friendly production.
€63.4 billion ($85.7 billion) will be invested in property, plant and equipment, with average annual investments in this area to be around €0.5 billion ($0.67 billion) less than in the previous planning.
VW is switching to Euro6 engines and to new generations of powerplants. A particular attention will be given to hybrid and electric motors.
More than half of the investments in property, plant and equipment (almost 60 percent) will be made in Germany.
Personally, I prefer winter over summer. I’m much better at handling the cold than I am at handling the heat. But let’s face it: the same doesn’t really go for a lot of people, and it certainly doesn’t go for most machinery. Cars, for example, are much better at handling those summer months than they are the icy winter ones. Read more