Stock market quotes, forex, financial news, forex tools – money-investing.com

Volkswagen will increase investment in new technologies

 Breaking News
  • Session begins with the growth of oil prices Today, oil quotes began to grow at the start of the session. We recall that yesterday, the trading was extremely volatile in nature. So, at 8.04 Moscow time, July contracts...
  • Kevin Mayer to head TikTok TickTock is a growing social network; its main content is short videos. The service belongs to the Chinese company ByteDance Inc. It became known that Kevin Mayer had made a...
  • Uber struggles with the crisis by firing employees Uber Technologies Inc., a well-known American taxi and food delivery company, is experiencing extremely hard times. The letter to employees, sent out by the Uber CEO Dara Khosrowshahi, has fallen...
  • US stock market news Last week, the last trading day ended with a good growth for US stock indices. However, positive Friday failed to “pull out” the extremely bad week. The statistics and the...
  • Oil grows due to the balance expectations The energy market ended the week in a “green zone”. The American WTI crude oil showed two-month highs on Friday. The European Brent did not lag behind the overseas brand...
Volkswagen will increase investment in new technologies
November 20
13:00 2018

The auto giant Volkswagen will invest €44 billion in high-tech researches. This is 10 billion more than the figure that was predicted earlier.

The company reports that the bulk of this money will be spent on creating new electric cars. In 2025, Volkswagen plans to produce 50 models of the electrically powered cars.

Investment in technology is only one third of all investments planned by the concern. In addition, the automaker will buy real estate, establish plants and renovate old production.

The combination of all these measures should help reduce costs to 6% of the revenue in just over a year, by 2020. In 2017, this indicator was equal to 6.4%.

Volkswagen shares fell by 2.5% on Friday. During the current year, the company has lost 13.5% of its value. Now the capitalization is 73 billion Euros.

 

The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade

Related Articles

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment