VWCV commits to €1.8bn investments
- 29/03/2019
- Posted by: Alan Feldberg
- Category: News
Volkswagen Commercial Vehicles is investing upwards of €1.8bn in the brand this year. The investment will support its strategy of shifting from a car maker to a mobility provider.
Thomas Sedran, chairman of the board for the VWCV brand, said, ‘Our new strategy allows us to follow a clear plan and boost our speed significantly. We are developing from a pure car maker to a mobility provider. To this end, we are investing more than 1.8 billion euros this year.’
In building up new mobility services, VWCV will utilise the know-how of MOIA. After successful testing in Hannover, the Volkswagen subsidiary is now launching operations in Hamburg with all-electric shuttle buses based on the Crafter.
Meanwhile, the planned collaboration with its new alliance partner Ford also reinforces the competitive position of VWCV. The two manufacturers complement one another in their regional strengths and products. Initial contracts have been signed – including a ‘development contract Pickup’ for the successor model of the Amarok. There are other potential areas of cooperation, such as additional vehicle projects, autonomous driving or shared use of electric mobility platforms.
