VW’s $64.6B investment plan includes Mexican upgrade
Nov 28, 2012 | 01:32 PM
| Corinna Petry
Tags
Volkswagen,
Martin Winterkorn,
investment,
research and development,
hybrid technology,
Audi,
Rupert Stadler,
corinna petry
CHICAGO — Volkswagen Group will invest €50 billion ($64.6 billion) over the next three years to build new plants and upgrade older facilities, as well as develop new models and environmentally friendly technologies.
"Despite the challenging economic environment, these investments are the key to Volkswagen’s innovation and technology leadership. It enables us to further strengthen our competitive position and ensure that we are fit for the future," VW chairman Martin Winterkorn said.....
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