Germany’s Volkswagen group is Europe’s largest auto manufacturer has already revealed its intentions of being the world’s number one auto manufacturer for some time now and it has been reported that the company in pursuit of that dream will invest more than ever before in the coming five years, as it seeks to overtake General Motors and Toyota as the world's largest auto manufacturer within the decade.
The reports mentioned that the, VW is already Europe's largest car manufacturer, aims to sell more than 10 million vehicles by 2018 and achieve a pre-tax profit margin north of 8 percent, which would equate to a return on investment in their core Automotive Division of over 16 percent. The reports quoted chief executive Martin Winterkorn as saying "The Volkswagen Group is investing a record amount in forward-looking projects to achieve its goal of becoming the world's best automobile manufacturer."Vcommindia News
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