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Volkswagen Group CEO: >$7B investment in N. America over next 5 years; mid-size SUV for US launching in 2016
13 January 2014
On the eve of the North American International Auto Show (NAIAS) in Detroit, Prof. Dr. Martin Winterkorn, CEO of Volkswagen Group, announced a more than $7-billion investment program in North America over the next five years.
Winterkorn also confirmed a coming Volkswagen midsize SUV for America and reaffirmed the goal to sell one million vehicles from the Volkswagen and Audi brands per year in the US by 2018.
Development of 7-seater midsize SUV is already underway; market launch is scheduled for 2016.
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