It's an incredible-sounding amount of money: 84.2 billion euros, or about $114 billion. That's what German auto giant Volkswagen (NASDAQOTH: VLKAY ) says it's going to spend over the next five years, as VW's all-out push to become the world's largest automaker by 2018 hits its final stage.
Believe it or not, that $114 billion represents a reduction from VW's past plans. In this video, Fool contributor John Rosevear looks at what VW wants to get for all that money -- and at how the company will attempt to spend big while increasing its profitability at the same time.
Three stocks to buy now and own -- forever!
As every savvy investor knows, Warren Buffett didn't make billions by betting on half-baked stocks. He isolated his best few ideas, bet big, and rode them to riches, hardly ever selling. You deserve the same. That's why our CEO, legendary investor Tom Gardner, has permitted us to reveal "The Motley Fool's 3 Stocks to Own Forever." These picks are free today! Just click here now to uncover the three companies we love.