- Volkswagen to spend almost €44 billion on e-mobility, autonomous driving, new mobility services and digitalization in vehicles and at plants through 2023
- Focus on further improvement in earnings to secure the financial basis for the significant expenditure on Volkswagen’s future viability
- CEO Diess: “One aim of the Volkswagen Group’s strategy is to speed up the pace of innovation”
- CFO Witter: “We stand by our investment and cost targets, we are focused and disciplined, and we will systematically continue on our chosen path.”
- Talks with Ford about an industrial cooperation in the light commercial vehicle segment are progressing positively – additional fields of cooperation identified
Volkswagen is investing in the future
The Volkswagen Group is investing heavily in its future. Over the coming five years to the end of 2023, the Company will be spending almost €44 billion alone on the future issues of e-mobility, autonomous driving, new mobility services and digitalization in its vehicles and at its plants. This represents approximately one-third of total expenditure for the 2019-2023 planning period and is the outcome of the Group’s planning round, which has now been completed and was discussed and endorsed by the Supervisory Board of Volkswagen Aktiengesellschaft at its meeting today.