Volkswagen has underscored its intentions on being the world’s number one carmaker with the announcement of its largest ever investment - €62 billion (more than $AU80 billion) between now and 2016.
€49.8 billion will go into property, plant and equipment (57 per cent of that at home in Germany) and €100 million of that figure will (for example) improve the flexibility of the body shop at Volkswagen’s massive head office production facility in Wolfsburg (where the area under a roof is greater than the size of the country of Monaco!) and in future technologies like, wind, solar and hydroelectric power.
Not included in those figures because of accounting methods is a further €14 billion to fund new production facilities in China (now the world’s largest new car market).
