Volkswagen to invest 14 bn euros in China to 2016 - paper
Agencies: Beijing, Nov 23 2012, 11:47 IST
Ltd - next year.
Globally, Volkswagen, jostling with Toyota Motor Corp as the world's number-one automaker, is expected to increase spending by 12 per cent to as much as 70 billion euros for its 12 brands over the next five years, compared with 62.4 billion euros for 2012-16 agreed a year ago, analysts have said.
That would be a record, but also represent a slowdown. The 62.4 billion euro target was more than a fifth higher than over the 2011-15 period.
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