Vehicle manufacturer Volkswagen (VW) has claimed the company is "holding its own" in a highly challenging and competitive marketplace at present.

Dr Arno Antlitz, VW brand board member for accounting and controlling, told more than 18,000 members of staff at the firm's Wolfsburg plant on Tuesday (September 24th) how the business has invested record sums over recent years into the creation of innovative new models and technologies.

He stated: "Our broad international presence is a key competitive advantage at times like these. We are expanding this strength further."

Dr Antlitz added the firm remains committed to its ongoing investment programme, as it looks to strengthen its competitive footing and expand its foothold in markets across the globe.

He also expressed his thanks to the staff of the company for their outstanding work and efforts that have helped keep the business on course over what has been a difficult few years.

 

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