Volkswagen to make $7bn US move

Posted on 13 Jan 2014 by Callum Bentley

German car manufacturer Volkswagen is making plans to invest $7bn in North America in an attempt to secure itself in the US market over the next five years.

The move will also involve the launch of a new SUV – an extremely strong growth market in the US – in 2016.

Volkswagen has made it clear that its intentions are to become the world’s largest car manufacturer by 2018, when it plans to have sold a million Volkswagen and Audi automobiles in the US alone.

Toyota is still the world’s biggest car maker followed by General Motors in the US and Volkswagen sitting in third place.