Volkswagen Group Reveals Massive Five-Year Investment Plan
In addition, VW has big global ambitions to rule the world of all things with four wheels, so their Chinese joint-ventures, which are not taken into account in the consolidated budged, will invest a further €14 billion until 2016.
“VW has its sights firmly pegged on future growth,” said Stefan Bratzel, director of the Center of Automotive Management in Bergisch-Gladbach, Germany. “They’re broadening their presence in lucrative markets like China and Latin America and optimizing spending on future technologies. After the latest setbacks, the message is VW is more determined than ever.”
More than half the money will be used to bring more products across the core brands, including Audi, Skoda, Lamborghini, Seat and Bentley. The Volkswagen Brand will itself bring 60 different models to market as a result.
“The Volkswagen Group is investing a record amount in forward-looking projects to achieve its goal of becoming the world’s best automobile manufacturer in economic and ecological terms”, said Prof. Dr. Martin Winterkorn, CEO of Volkswagen Aktiengesellschaft, adding: “We shall continue to extend our innovation and technology leadership. Top of the agenda for us are investments in environmentally friendly, sustainable models and drives.”