Research and Development costs of Volkswagen Group 2011-2020.
Amounts are in million Euros.
The Volkswagen group’s research and development expenses in 2020 were €13.9 billion compared to €14.3 billion in 2019.
|Year||VW Automotives division R&D Costs (Millions)|
Total research and development costs of the Volkswagen group’s automotive division increased to € 13,640 million in 2018 from € 13,135 million in 2017.
About the Volkswagen Group:
The Volkswagen Group is one of the largest manufacturers of automobiles and commercial vehicles globally. It is also one of the global automobile brands with the largest product portfolio. 12 brands from seven European countries are a part of VW’s product portfolio. Volkswagen also offers a wide range of financial services.
2020 remained a very challenging year for Volkswagen Group. Its net sales were heavily impacted due to the pandemic. The company’s unit sales of automobiles and commercial vehicles declined. Its sales and profits compared to the previous year also declined. The diesel fiasco continued to haunt the VW group in 2020. The net sales of the company declined to € 22.9 billion in 2020 compared to €252.6 billion in 2019.