Monday 19 November 2007

30 billion euro in three years


Volkswagen invest more than 30 billion euro in three years

Volkswagen, the largest car concern of Europe, will invest the following three years about 28.9 billion euro in new models and factories, to realize the necessary increase. The Supervisory Board of the company from the German Wolfsburg approved the investment program last week.

With about 13.8 billion euro the product range will be broadened with new models and the modernization of existing models. Moreover 7.1 billion goes to factories, among other things in Russia and India. In these “increase markets” the cars will be built.

Volkswagen wants to build more than ten millions cars per year in 2018. This year there will be more than 6 million and in 2006 there were 5.7 million. Volkswagen wants to exceed the most successful car dealer Toyota.
They want to introduce in the coming three years twelve new models, to raise sale up to eight millions carriages in 2010.

Also they will invest in innovative technology and new factories.

At the new models the compact SUV “Tiguan”, a remake of the sport-loving Scirocco and a new version of the Golf (the best selling model of the mark).

Now we have to wait what the consequences are for Audi will be.
(Jonas)

2 comments:

Anonymous said...

I hope they also will invest in enviromentally friendly cars, because in the modern world the consumers ask this products

Anonymous said...

I can not believe this. Now they will invest in new models and factories. But last year they closed a factory here in Belgium (VW Vorst).