| Home
Volkswagen to spend big on production
Seoul News.Net
Sunday 22nd November, 2009
Europe's biggest car company has announced plans to invest 26 billion euros over the next three years to boost production.
Volkswagen has said it will invest 4.4 billion euros in China through joint ventures and will take on Toyota to become the world's biggest carmaker by 2018.
VW executives have also signed contracts clearing the way to complete the takeover of Porsche.
Volkswagen management has said it will vigorously drive forward its long term growth by investing in environmentally friendly models and innovative technologies.  Email this story to a friend
Comments on this story
beetle fan
11-22-09, 02:22 PM |
Volkswagen to invest in large production boost
Now the battle to be the top world’s car manuf is bet vw and Toyota....Behind them is not Ford or GM but Fiat
|
` ~galljdaj+
11-22-09, 03:37 PM |
Its not a Sports Event!
Its Adversarial Capitalism, and Peoples are and will be the Losers!
What has just occurred is Globalization marching to a goose step!
|
Have your say on this story
|
|
