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VW Bets on “Ecological Restructuring” As Path to Global Leadership

Automaker announces environmental plan; will show hybrid crossover, GTI convertible, AWD Passat.

by on Mar.06, 2012

This version of Volkswagen's Cross Coupe is powered by a diesel-hybrid powertrain.

The Volkswagen Group plans to continue its assault on the title of world’s largest automaker with a new concept, a droptop version of its iconic sports compact and an announcement of a major new initiative for a “major ecological restructuring,” the automaker said in advance of the Geneva auto show.

VW will spend more than two-thirds of its five-year,  62.4 billion euro ($82.4 billion) budget on more efficient vehicles. The money will be spent on new powertrains and technologies, as well as environmentally compatible production at its plants around the world.

News from Geneva!

“Geneva 2012 marks the start of a fundamental ecological restructuring of the Volkswagen Group,” Volkswagen Chairman Martin Winterkorn said Monday.