Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Expo on Google News
SYS-CON.TV
Cloud Expo & Virtualization 2009 East
PLATINUM SPONSORS:
IBM
Smarter Business Solutions Through Dynamic Infrastructure
IBM
Smarter Insights: How the CIO Becomes a Hero Again
Microsoft
Windows Azure
GOLD SPONSORS:
Appsense
Why VDI?
CA
Maximizing the Business Value of Virtualization in Enterprise and Cloud Computing Environments
ExactTarget
Messaging in the Cloud - Email, SMS and Voice
Freedom OSS
Stairway to the Cloud
Sun
Sun's Incubation Platform: Helping Startups Serve the Enterprise
POWER PANELS:
Cloud Computing & Enterprise IT: Cost & Operational Benefits
How and Why is a Flexible IT Infrastructure the Key To the Future?
Click For 2008 West
Event Webcasts
Volkswagen Group Strengthens Competitiveness and Safeguards Future With Continued High Investment Levels

WOLFSBURG, GERMANY -- (Marketwire) -- 11/26/12 --


  • EUR 50 billion for new models, environmentally friendly technologies and production facilities in the coming three years
  • CEO Winterkorn: "We are investing more than ever before to reach our long-term goals."

The Volkswagen Group will invest EUR 50.2 billion in its Automotive Division in the coming three years. This is the result of the Group's investment planning for 2013 to 2015 discussed by the Supervisory Board of Volkswagen Aktiengesellschaft at its meeting on Friday. For the first time, the planning also includes the newly consolidated MAN and Porsche brands. "Despite the challenging economic environment, we are investing more than ever before to reach our long-term goals," said Prof. Dr. Martin Winterkorn, Chairman of Volkswagen Aktiengesellschaft's Board of Management in Wolfsburg. "This investment is the key to the Volkswagen Group's innovation and technology leadership. It enables us to further strengthen our competitive position and ensure that we are fit for the future."

Investments in property, plant and equipment will account for EUR 39.2 billion. More than half of this figure (60 percent) will be invested in Germany. "In this way, we are laying the foundations to ensure that our 27 German production facilities remain at the forefront of innovation and international competitiveness," said Winterkorn, reiterating that:

"At Volkswagen, we are committed to Germany as an industrial location." The ratio of investments in property, plant and equipment (capex) to sales revenue will be at a competitive level of between six and seven percent in the period from 2013 to 2015.

Alongside investments in property, plant and equipment, the plans also include capitalized development costs of EUR 10.6 billion. By building new production facilities, introducing new models and developing alternative drives, as well as with its modular toolkits, Volkswagen is laying the foundations for profitable, sustainable growth.

According to Group Works Council Chairman Bernd Osterloh, "Continued high levels of investment strengthen the Group's ability to face the challenges of the future -- both in terms of products and production processes. The investment planning agreed upon also represents a clear commitment to securing jobs and employment at Volkswagen, particularly in light of the difficult conditions seen in the automotive industry." Osterloh says that sustainability and new technologies such as hybrid technology are likewise a clear emphasis in the investment planning. "We are also investing in securing our proven flexible production network between plants. This enables flexible production of different volumes and products at our locations to meet market requirements," added Osterloh.

At EUR 24.7 billion (roughly 63 percent), the Group will spend a large proportion of the total amount to be invested in property, plant and equipment in the Automotive Division on modernizing and extending the product range for all its brands. The main focus will be on new vehicles, derivatives and successor models in almost all vehicle classes, which will be based on the modular toolkit technology and related components. This includes a new generation of MAN trucks. This will allow the Volkswagen Group to systematically continue its model rollout with a view to tapping new markets and segments. In the area of powertrain production, new generations of engines will be launched offering additional enhancements to performance, fuel consumption and emission levels. In particular, the Group will continue to press ahead with the development of hybrid and electric motors.

In addition, the Company will make cross-product investments of EUR 14.5 billion over the next three years. This includes investments to expand capacity, such as a new vehicle production facility for Audi in Mexico, the expansion of Porsche's Leipzig plant with the new Macan model in the SUV segment, as well as increased production of automatic gearboxes. Other investment focuses include changes to the press shops, paintshops and assembly facilities as a result of the Company's high quality targets and the continuous improvement of its production processes. Investments outside production are mainly planned for the areas of development, quality assurance, sales, genuine parts supply and information technology.

Over two-thirds of the EUR 50.2 billion investment program will continue to flow into increasingly efficient vehicles, drives and technologies, as well as environmentally friendly production in the period up to 2015.

The joint ventures in China are not consolidated and are therefore not included in the above figures. These companies will invest a total of EUR 9.8 billion in new production facilities and products in the period from 2013 to 2015. These initiatives will be financed from the joint ventures' own funds.

Add to Digg Bookmark with del.icio.us Add to Newsvine

Volkswagen Group Communications

Christine Ritz
Head of Group Investor Relations/Spokesperson for Finance
Phone: +49 (0) 53 61 / 9 - 4 98 40
Fax: +49 (0) 53 61 / 9 - 3 04 11
E-mail: Email Contact

Marco Dalan
Spokesperson for Finance
Phone: +49 (0) 53 61 / 9 - 7 11 21
Fax: +49 (0) 53 61 / 9 - 7 94 44
E-mail: Email Contact
www.volkswagen-media-services.com
www.volkswagenag.com

About Marketwired .
Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Cloud Developer Stories
Docker offers a new, lightweight approach to application portability. Applications are shipped using a common container format and managed with a high-level API. Their processes run within isolated namespaces that abstract the operating environment independently of the distributi...
The cloud plays an integral role in enabling the agility required to take advantage of new business models and to do so in a very convenient and cost-effective way. However, this also means that more personal information and business data will exist in the cloud and be passed bac...
This Lab Validation report from Enterprise Strategy Group (ESG) provides you with best practices to create an environment that offers you simple unified data protection across physical and virtual landscapes, maximum protection and data availability, and reduced storage needs and...
Hardware will never be more valuable than on the day it hits your loading dock. Each day new servers are not deployed to production the business is losing money. While Moore’s Law is typically cited to explain the exponential density growth of chips, a critical consequence of thi...
AppZero, a fast, flexible way to move enterprise applications to the cloud, has announced that AppZero Cloud Edition is available to try on Amazon Web Services (AWS) free of charge, as an AWS Test Drive. AppZero's award-winning application migration tool enables users to move se...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021



SYS-CON Featured Whitepapers
ADS BY GOOGLE

Breaking Cloud Computing News
ST. LOUIS, MO--(Marketwired - August 27, 2014) - The University of Dubai, a leading university in th...