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.

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: , ,

October Auto Sales Show an Industry on the Rebound

Buoyed by consumers’ increased confidence in the U.S. economy, most automakers reported higher sales of cars and trucks in the U.S. during October compared to a year ago — making it the best October in three years for the auto…

General Motors Sales Rose 3.5% in October

Buoyed by stronger demand for pickups and crossover, GM said today that October sales increased 3.5% compared to a year ago. Excluding its discontinued brands, sales of Buick, Cadillac, GMC and Chevrolet models rose 13% for the…

Foreign Carmakers Raced to Record U.S. Sales in October

Initial reports show automakers having their best sales so far this year in October, despite consumer wariness about the lackluster economy. Foreign carmakers Hyundai, Kia, Subaru and Volkswagen all turned in solid performances…

To Topple Toyota, Volkswagen Must Accelerate in the U.S.

VW has set a hefty goal for itself: to displace Toyota as the world’s No. 1 car company. The German automaker is actually within reach, thanks mainly to its huge lead in China. To overtake Toyota, however, VW will need to reall…