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MarketScreener Homepage  >  Equities  >  Xetra  >  Volkswagen AG    VOW3   DE0007664039

VOLKSWAGEN AG

(VOW3)
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Volkswagen : to Spend EUR60 Billion on Future Technologies Over Next Five Years

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11/15/2019 | 07:51am EST

By Max Bernhard

Volkswagen AG (VOW.XE) said Friday that it plans further ramp up spending on electric and hybrid vehicles and digitalization, earmarking investments of about 60 billion euros ($66.04 billion) for the next five years.

The German car maker said about EUR33 billion of the total is for electric mobility alone, with the rest to be spent on hybrid vehicle technology and digitalization.

The EUR60 billion figure represents more than 40% of the company's investments in property, plant and equipment and all research and development costs during the planning period.

"Hybridization, electrification and digitalization of our fleet are becoming an increasingly important area of focus. We intend to take advantage of economies of scale and achieve maximum synergies," said Chief Executive Herbert Diess.

The company is also working on increasing its productivity, efficiency and cost base in light of the worsening economic situation, he added.

Write to Max Bernhard at max.bernhard@dowjones.com

Stocks mentioned in the article
ChangeLast1st jan.
PORSCHE AUTOMOBIL HOLDING SE 0.57% 67.48 Delayed Quote.30.67%
VOLKSWAGEN AG 0.95% 176.6 Delayed Quote.27.12%
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Financials (EUR)
Sales 2019 249 B
EBIT 2019 17 854 M
Net income 2019 13 750 M
Finance 2019 21 780 M
Yield 2019 3,57%
P/E ratio 2019 6,39x
P/E ratio 2020 6,08x
EV / Sales2019 0,27x
EV / Sales2020 0,24x
Capitalization 88 411 M
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Technical analysis trends VOLKSWAGEN AG
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Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 30
Average target price 198,59  €
Last Close Price 176,60  €
Spread / Highest target 37,0%
Spread / Average Target 12,5%
Spread / Lowest Target -19,0%
EPS Revisions
Managers
NameTitle
Herbert Diess Chairman-Management Board
Hans Dieter Pötsch Chairman-Supervisory Board
Frank Witter Head-Finance & Information Technology
Peter Mosch Deputy Chairman
Bernd Osterloh Member-Supervisory Board
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