Volkswagen will invest a lot in future models

Posted on Monday, 2 December 2013 , 19:12:04 byIulia

Filed under vwgermantechnologyevhybridVolkswagenEuropeanGermanTechnologyElectric Vehicle

Volkswagen will invest a lot in future models

Germans from Volkswagen have decided to invest part of the money they have won from selling their models and the announced amount will reach EUR84.2 billion. The money will go in the Automotive Division between 2014 and 2018. Most of the money will be sent towards the development department, but also towards technologies and environmentally friendly production. Out of the entire amount, EUR63.4 billion will be invested in property, plant and equipment. According to the carmaker, an average annual investment in the area will reach EUR0.5 billion less than in the previous planning. The specialists say that that reason for this refers to postponed projects and the optimization capacity. The Germans will invest EUR41.2 billion in property, plant and equipment and will also pay for the modernization of the Automotive Division and for extending the product range for all the brands. The center of their focus will include new vehicles and successor models. Volkswagen will offer a lot of money for power train production which will include Euro6 engines and other new generation of power plants as well. The Germans will offer more support to hybrid and electric motors. Most of the equipment will be made in Germany. EUR22.2 billion will be invested in press shops, paint shops, development, quality assurance, sales information technology and a lot more. the plans also include capitalized development costs and other ones.