Volkswagen Group employee strength at 573,000: Adding 100 a day

Volkswagen aims to become the largest car manufacturer in the world by 2018, and has lined up even more investments and growth targets during this period. Global investments have been planned by Volkswagen Group to an extent of €84.2 billion (INR 7.15 lakh crores) by 2018.

Volkswagen Group employee strength at 573,000 Adding 100 a dayOut of these investments, a major chunk will go towards the production of new range of fuel efficient cars, the development of enhanced technologies and models that conform to strict environmental standards. The announcement of these increased investments comes at a time when the auto scenario is not as promising and hence is seen as a positive factor as the company strives to maintain its leadership position in global markets.

Audi is also planning record breaking investment of close to €22 billion in the coming five years. Global expansion and new models is the company’s target. The company’s German sites will also benefit from this increased investment with more than 50% planned for Ingolstadt and Neckarsulm, while the company also plans added job opportunities globally.

Investments and upgrades in technology besides modernization of plants will give the company a boost on its way to the top. Volkswagen, currently in No 3 position hopes to replace Japan’s Toyota as world’s leading auto makers by 2018 and will continue with this added investment despite unfavorable and uncertain economic environment. For more information, scroll through the press release below.