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.
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