Advertisement

Volkswagen Investing $70.5 Billion, New Technology Should Ensue

 
Follow Viknesh

Volkswagen Logo

Volkswagen Logo

Enlarge Photo
While some automakers are still reeling from the affects of the recent global financial crisis, and others resorting to drastic measures to raise needed capital, the juggernaut that is the Volkswagen Group seems to only be going from strength to strength. The company has announced today that it plans to invest a whopping $70.5 billion over the next five years in order to make it the world’s most future-proof automotive group.

The bulk of the money will be spent on property, plant and equipment, with the main focus centering around brand new vehicles, successor models and derivatives in almost all vehicle classes based on modular technology. Volkswagen claims that this should help with new vehicle development, with the end goal being to tap new markets and segments.

In powertrain production, new generations of engines will be launched with enhanced performance, fuel consumption and emission levels. The company has highlighted that it will continue driving forward the development of hybrid and electric powertrains in particular.

But it’s not just about new models and technologies. Volkswagen also plans to invest in improvements to its manufacturing facilities to help meet tough new quality targets, all of which should result in better quality and more reliable cars.

Not surprisingly, more than half--57 percent--of this investment will be spent in Germany, Volkswagen’s home market. However, a new plant is also being built in North America and you can bet there will be significant further investment spent here too. 

[Volkswagen]

Advertisement
 
 

Have an opinion?

  • Posting indicates you have read this site's Privacy Policy and Terms of Use
  • Notify me when there are more comments
Comment (1)
  1. Great plan and hopefully it will work for VW. If they really want to make a big splash here in the US then reliability and quality parts should be on the top of the list. Toyota and Honda use the same part in all vehicles, e.g. the turn signal stalk or the button gears for power windows. This method works because they can buy a $2.00 part in bulk instead of a 25 Cent part that will possibly break and leave people running for the Asian auto dealers.
     
    Post Reply
    Vote
    Bad stuff?

 

Have an opinion? Join the conversation!

Follow Us

Advertisement

Take Us With You!

 
Advertisement
Advertisement

Research New Cars

Go!


 
© 2014 MotorAuthority. All Rights Reserved. MotorAuthority is published by High Gear Media. Stock photography by Homestar, LLC. Send us feedback.