Volkswagen unveils five-year investment plan to become world’s leading carmaker by 2018

Sydney – Europe’s biggest carmaker, Volkswagen has reportedly unveiled its plans to invest 84.2 billion euros during the next five years as part of it plan to become the world’s leading auto manufacturer by 2018.

VW chief Martin Winterkorn said that the investment in upgrading technologies and modernizing plants would give Volkswagen extra power on its way to the top, news.com.au reports.

The report said that Volkswagen, currently the third, intends to replace Japan’s Toyota as the world’s leading motor vehicle maker by 2018.

Winterkorn said that VW will continue to invest strongly in its innovation and technology leadership, despite the uncertain economic environment, the report added.