Volkswagen (VLKAY), Europe’s top carmaker, plans to invest €51.6 billion ($71 billion) over the next five years.
The company’s supervisory board approved the investments in plants, vehicles and development for the nine Volkswagen brands, Bloomberg News reported.
Volkswagen’s Chinese joint ventures will spend an extra €10.6 billion through 2015.
Sponsored Links
The company hopes to sell…
Continue reading Volkswagen Unveils $71 Billion Investment Plan
Volkswagen Unveils $71 Billion Investment Plan originally appeared on DailyFinance on Fri, 19 Nov 2010 08:20:00.
Filed Under: Company News, Technology, Autos