Volkswagen Group's Automotive Division(Automotive Division) will inform invest € 62.4 billion up to 5 years (2012-2016).This investment into the VW Group's largest investment in history.
This decision was taken after discussion by the Supervisory Board some time ago. Of the total investment, € 49.8 billion or about 57% will be planted in Germany.
66% (€ 32.7 billion) investment will be used for property, plant and equipment. Also used to capitalize the development of investment amounting to € 11.6 billion and financial affairs sebanya € 1 billion.
"The investment made in the framework of the VW Group looking at future projects we are to become the best manufacturers in terms of economics and the environment," said Martin Winterkorn, CEO of Volkswagen Aktiengesellschaft.
"We will continue to expand innovation and leadership in technology. The top of the agenda for us is investing in environmentally friendly cars, sustainable, "he added.
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