Newsletters

VW, BMW, Daimler plan $25 billion hedge by building more autos abroad

A VW employee works on a car at the automaker's plant in Russia. VW has an industry best 77% of its production capacity outside its German home market. (Friso Gentsch/Abdruck fuer Pressezwecke honorarfrei)
April 16, 2013 05:00 AM

FRANKFURT (Bloomberg) -- With the yen weakening and Europe's debt crisis spreading, Volkswagen Group and its German peers plan to spend more than $25 billion by 2017 to expand production outside their home region and insulate themselves from currency convulsions.

Staying current is easy with newsletters delivered straight to your inbox.