Volkswagen to invest some €1 billion by 2026 – South America region to be geared to sustained profitability
Despite the continuing challenges of the corona pandemic and the worldwide semiconductor shortage, Volkswagen expects to report a positive result in Latin America for the first time since 2013. Volkswagen is to invest some €1 billion over the next five years to further strengthen its competitive situation in this important market and be geared to sustained profitability. In addition to further local vehicle projects, in particular digitalization and decarbonization in South America are to be given an additional boost. This includes a research center for biofuels as a bridging technology for this market to complement Volkswagen’s global electrification offensive.
2021-11-06 14:02