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“The Volkswagen Group will help shape the technological turning point in key areas of the automotive industry and, to do this, will continue investing in environmentally friendly technologies, efficient drives and new models. 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. The investment program we have now resolved will play a significant role in this”, said Prof. Dr. Martin Winterkorn, Chairman of the Board of Management of Volkswagen Aktiengesellschaft.

“These investments underline Volkswagen’s goal of becoming the leading automobile manufacturer for its customers, employees and shareholders, because our investments are aimed precisely at these three groups. 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”, stressed Bernd Osterloh, Chairman of VW’s Group Works Council.

At €27.7 billion, the Group will spend most of the total amount to be invested in property, plant and equipment in the Automotive Division on modernizing and extending the product range of all its brands. The main focus will be on new vehicles, successor models and derivatives in almost all vehicle classes based on modular technology. This will allow the Volkswagen Group to systematically continue its model rollout with a view to tapping new markets and segments. In powertrain production, new generations of engines will be launched with enhanced performance, fuel consumption and emission levels.

The Group will continue driving forward the development of hybrid and electric motors in particular.