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VW will invest £20 billion between 2008 and 2010
By Yoann Besnard on 20 November 2007 | 
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Volkswagen Group has announced that it will invest £20 billion between 2008 and 2010 in manufacturing and new models. With the goal to overtake Toyota in 2018, the German manufacturer has to modernize its factories in order to cut cost and produce more with less.
Germany will receive half of the total amount as VW plans to expand on the US market and in China. India might also be on the plan. The £20 billion will also be used to add 20 new vehicles to the Volkswagen range by 2010.
It seems that every carmaker has set plans to dominate the world. Toyota, BMW, Mercedes and Volkswagen all have a struggling national market and growth is abroad. The American market and the Chinese is where the fiercest battle will be and all of them plan to gain market share. The problem is the market can not be extended indefinitely. There will be winners and heavy losers.
