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