Volkswagen to invest 50.2 bln eur over next three years

FRANKFURT Fri Nov 23, 2012 5:57am EST

FRANKFURT Nov 23 (Reuters) - Volkswagen said on Friday it will invest 50.2 billion euros ($64.7 billion) in its automotive business in the coming three years.

In addition, 9.8 billion euros will be invested in new production facilities and products at joint ventures in China from 2013 to 2015.

($1 = 0.7761 euros) (Reporting by Maria Sheahan)

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