Volkswagen plans to invest 7.15 Lakh Crore by 2018
Volkswagen has announced that it will invest a whopping sum of 7.15 Lakh Crore for it global ventures by 2018, excluding its Chinese territory which is entitled to invest a hefty amount of Rs. 1.55 Lakh Crore separately, in the same time frame up to 2018.
A Lion's Share (75 Percent) of this super sum would be utilized to make the pre-existing vehicles more effective and efficient; producing some new exciting vehicles, followed by the development of newer dealerships and service stations. Additionally, it would also disburse this money in new drivers and technological advancements. This investment plan is also applicable on lowering down the company's expenditure on fixed assets and pay more attention to innovations and technology.
Volkswagen's Chinese ventures are not in consolidated state of position and therefore they are provided with a separate sum to invest during the same tenure. Furthermore, the company is inching closer to double its operating profit margin which is, as of now, 3.5 percent to 6 percent and for this it has chalked out some extensive plans to accomplish it.