Volkswagen to make $7bn US move

Posted on 13 Jan 2014 by Callum Bentley

German car manufacturer Volkswagen is making plans to invest $7bn in North America in an attempt to secure itself in the US market over the next five years.

The move will also involve the launch of a new SUV – an extremely strong growth market in the US – in 2016. Volkswagen has made it clear that its intentions are to become the world’s largest car manufacturer by 2018, when it plans to have sold a million Volkswagen and Audi automobiles in the…

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