Volkswagen show record expansion plans with 50.2 Billion Euro Investment plans

The much loved German Automobile manufacturer Volkswagen have exclaimed that they are issuing 50.2 Billion Euros in an investment, until 2015 a Statement released last Friday revealed. Volkswagen's supervisory board authorized the investment funding plans, which included funds for factories, vehicles and research and development. A further 9.8 Billion Euros worth of Investment funds will be acquired from the German Giants joint venture with China, which are not combined.

Martin Winterkorn, Volkswagen's chief executive explained last Friday that the company are investing in record levels to ensure that it's long-term goals are fulfilled, regardless of the challenges it faces due to the current economic climate. Around 39.2 Billion Euros will be spent investing in plants, equipment and property, with 60% of that total being spent in Germany itself.

Volkswagen added Ducati and Porsche brands to its stable this year and it's 20% 10 month growth in China has compensated for it's 0.6% decrease in it's deliveries within Europe. Volkswagen, who are based in Wolfsburg Germany are planning on spending 14.5 Billion Euros to increase manufacturing volumes of it's product lines such as the Mexican Audi Facility and the plant that makes the Porsche Macan SUV model, in Leipzig.

Since Forecasting became a lot harder, due to the crisis in the European automobile market, amongst other things, Volkswagen has used a 3 year investment timetable rather than it's former 5 year program. Lets hope that Volkswagens new investment plans are just as successful for them as they hope.