VW wants to drastically reduce its development costs.
Go deeper with GlobalData
According to Automotive News Europe, the group is targeting a 25-40% reduction in development costs by adopting a more rigorous architecture approach. This would mean that four new component groups would be development that could be used by all VW brands.
Volkswagen aims to produce ten million cars a year by 2018, up from six million at present.
Earlier this month VW chairman Martin Winterkorn announced the group would invest almost EUR29bn over the next three years to enhance productivity and launch additional new models. Of this EUR13.8bn would be spent modernising and expanding the current product range, and introducing new more efficient engines.
EUR7.1bn would be spent on ‘cross-product’ investments. This would include assembly lines, press shops and paint shops to help meet the quality and cost targets for new models.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
