GERMANY: Volkswagen plans 33.3 billion euro investment over five years
Volkswagen’s supervisory board plans to invest 33.3 billion euros in the automotive division during the period 2003-2007. Most of the money will go into expanding and modernising the product range with what VW calls “follow-on models” [read ‘redesigned’] being introduced in all segments as well as a multi-purpose vehicle (MPV/minivan) based on the next ‘Mark Five’ Golf, a low-entry vehicle and further models to round off existing ranges.
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