Volkswagen will keep spending on upgrading and expanding its range of models in the years ahead, despite lowering planned investment in other areas to offset rising costs.VW will dedicate about 65 percent of overall planned investment of 84.2 billion euros ($113 billion) through 2018 to vehicles and technology, the automaker said today in a statement.
Spending not related to products will drop about half a billion euros per year to 12.7 billion euros between 2013 and 2015, from 13 billion euros in the 2012 three-year program, VW said, citing steps to delay construction projects and streamline capacity.
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