Volkswagen Plans Direct Investments of About EUR72 Billion Over Five Years

By Nathan Allen Features Dow Jones Newswires

Volkswagen AG (VOW.XE) plans direct investments of about 72 billion euros ($84.8 billion) by the end of 2022--a large chunk of which will be dedicated to building the car maker's prowess in electric and autonomous vehicles, a spokesman said Friday.

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The spokesman said the figure excludes research and development costs, as well as investments in China.

Write to Nathan Allen at nathan.allen@dowjones.com

(END) Dow Jones Newswires

November 17, 2017 09:31 ET (14:31 GMT)