Volkswagen Unveils $71 Billion Investment Plan

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.

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The company hopes to sell…

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Volkswagen Unveils $71 Billion Investment Plan originally appeared on DailyFinance on Fri, 19 Nov 2010 08:20:00.

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