Volkswagen to spend big on production

Thailand News.Net
Sunday 22nd November, 2009

Europe's biggest car company has announced plans to invest 26 billion euros over the next three years to boost production.

Volkswagen has said it will invest 4.4 billion euros in China through joint ventures and will take on Toyota to become the world's biggest carmaker by 2018.

VW executives have also signed contracts clearing the way to complete the takeover of Porsche.

Volkswagen management has said it will vigorously drive forward its long term growth by investing in environmentally friendly models and innovative technologies.

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