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.
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.