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.
The push to make the road safer by limiting – and punishing – distracted drivers reached a new stage when recent studies revealed that distracted driving is more dangerous than drunk driving. We’ve seen similar studies in the past, including experiments done by the TV show Mythbusters and Car and Driver magazine. Read more