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Volkswagen to Invest 50 Billion Euros in its Automotive Division  Join our daily free Newsletter

MENAFN - Qatar News Agency - 24/11/2012

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(MENAFN - Qatar News Agency) The Volkswagen Group will invest 50.2 billion euros in its Automotive Division in the coming three years.

This is the result of the Group's investment planning for 2013 to 2015 discussed by the Supervisory Board of Volkswagen Aktiengesellschaft at its meeting on Friday.

For the first time, the planning also includes the newly consolidated MAN and Porsche brands, the Group said on its website.

"Despite the challenging economic environment, we are investing more than ever before to reach our long-term goals", said Prof. Dr. Martin Winterkorn, Chairman of Volkswagen Aktiengesellschaft's Board of Management in Wolfsburg.

"This investment is the key to the Volkswagen Group's innovation and technology leadership. It enables us to further strengthen our competitive position and ensure that we are fit for the future."

 






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