Volkswagen is determined to become the world number one in terms of sales and profits, and wants to remain ‘future proof’ for the years to come. The company will invest €41.3 billion ($57.1 billion) into assembly plants, equipment and property alone in the next five years, contributing to the total investment figure of €51.6 billion (AU$71.4 billion).
It’s all about remaining on track with its Strategy 2018 demands. The strategy is to become the world’s leading automotive group by 2018. Even though just about every other large automotive group is striving for the same success, Volkswagen says it will do this through the introduction of new models and successor models as well as continuing the development of hybrid and electric motors.
Chairman of Volkswagen’s Group Works Council, Bernd Osterloh, added that the company will become number one through:
“New, attractive and high-quality models for our customers as well as investments in our locations safeguard our colleagues’ jobs. Our shareholders also profit from this, not least because at Volkswagen we all agree that every investment must pay off.”
Meanwhile, Volkswagen CEO Martin Winterkorn said in a statement after the automaker’s board approved investment plans for 2011 to 2015:
“These investments underline Volkswagen’s goal of becoming the leading automobile manufacturer for its customers, employees and shareholders. We are systematically pursuing the goals of our Strategy 2018 to further increase our profitability and to make Volkswagen the world’s most future-proof automotive group.”
Investment plans were finalised after the Supervisory Board of Volkswagen Aktiengesellschaft approved them just last Friday.