Volkswagen is to invest $7 billion (€5.13 bn) in the US as it looks to boost its sales in the region. The German car-maker has set its sights on becoming the world’s biggest by 2018. It currently lies third behind Toyota and General Motors.
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The company’s strategy will include the launch of a new SUV – sports utility vehicle – in the US in two years’ time.
The car-maker also reiterated its goal of selling a million Volkswagens and Audis – its luxury brand – in the states by 2018.
Figures for car sales in the US for 2013 are expected to be the best for almost 10 years.
