VW To Invest Over $100 BILLION Over Next 5 Years To Outpace Toyota

VW plans to invest 85.6 billion euros ($106 billion) over the next five years, the company said Friday. The plan calls for an increase in average annual spending on auto operations to about 17.1 billion euros a year, compared with 16.8 billion euros under its previous rolling five-year budget.

"We will continue to invest in the future to become the leading automotive group in both ecological and economic terms," CEO Martin Winterkorn said in a statement. "Development costs will remain high in the future as a result of high innovation pressure and increasing demands on the automotive industry."

Mason3Robert - 11/21/2014 6:30:06 PM

+1 Boost

Ha! 236 Billions is nothing to F$%^ with! Toyota will dump half and still smash VW...VW needs something else..an open market item..such as Hybrid..Fuel cell..OOps..TMC has that, too! They just NEED something and AUDI alone isnt going to cut it...I def like VW, though..but come on..

MDarringer - 11/22/2014 12:21:02 PM

+2 Boost

VW is the new "old" GM. They have too many brands, mediocre reliability, unions that are sucking their blood, and they think they will win. I predict a huge implosion within 10 years.

MDarringer - 11/21/2014 7:34:15 PM

+2 Boost

Are they going to address their products' dreadful quality/reliability/durability? Are they going to ever produce anything Americans want? They should just buy FCA.