Volkswagen Plans Additional Investments in US to Double Market Share

DAVOS, Switzerland - Volkswagen CFO Arno Antlitz announced the need for additional investments in the United States to achieve the company's target of doubling its market share in the country.

Antlitz emphasized the importance of localization to achieve this goal, stating that "we need additional initiatives... to double market share, you have to be even more local." He acknowledged Volkswagen's strong presence in Europe but stressed the necessity of enhancing value-added activities in the US, such as research and development.

While specific details were not disclosed, Antlitz indicated that the company is assessing potential investment projects. He highlighted the significance of making strategic decisions to support the expansion plans.