Around the Net
Volkswagen Plans Big Expansion
- Detroit Bureau, Monday, November 26, 2012 8:01 AM
Volkswagen will invest $65 billion, or €50.2 billion, over the next three years in its bid to become the world’s best-selling automotive manufacturer. The investment includes “property, plant and equipment,” but also a focus on new vehicles. The dozen automotive brands operated by Volkswagen AG already market about 250 different models but the German company has already revealed plans to significantly expand that line up with everything from high-mileage Volkswagen sedans to new SUVs for the Porsche and Bentley brands.
