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Friday, November 28, 2014

Volkswagen To Spend $106 Bil On New Models, Factories



Investors.com http://ift.tt/1HvD5lZ Volkswagen said that over the next five years, it will invest 85.6 billion euros -- about $106 billion -- in production facilities, new models and environmentally friendly technologies. The German auto giant, Europe's No. 1 automaker, vies with Toyota Motor (TM) for top auto seller globally by unit volume. In a budget released Friday, Volkswagen (VLKAY) said that it plans to spend $21.8 billion annually under its new five-year plan, up from $20.8


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