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Volkswagen set for $7 billion investment in US in bid to become world's biggest car-maker

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Volkswagen set for $7 billion investment in US in bid to become world's biggest car-maker

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Volkswagen is to invest $7 billion (€5.13 bn) in the US as it looks to boost its sales in the region. The German car-maker has set its sights on becoming the world’s biggest by 2018. It currently lies third behind Toyota and General Motors.
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The company’s strategy will include the launch of a new SUV – sports utility vehicle – in the US in two years’ time.

The car-maker also reiterated its goal of selling one million vehicles – Volkswagens and its luxury brand Audi – in the states by 2018.

Figures for car sales in the US for 2013 are expected to be the best for almost 10 years.