It's an incredible-sounding amount of money: 84.2 billion euros, or about $114 billion. That's what German auto giant Volkswagen says it's going to spend over the next five years, as VW's all-out push to become the world's largest automaker by 2018 hits its final stage.
Believe it or not, that $114 billion represents a reduction from VW's past plans. In this video, Fool contributor John Rosevear looks at what VW wants to get for all that money -- and at how the company will attempt to spend big while increasing its profitability at the same time.
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The article Volkswagen's Coming $114 Billion Spending Spree originally appeared on Fool.com.Fool contributor John Rosevear owns shares of Ford. You can connect with him on Twitter at @jrosevear. The Motley Fool recommends Ford. The Motley Fool owns shares of Ford. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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