UPDATE 1-VW to increase automotive capex ratio to 6 pct

Newswire

(Adds details, background, share price) FRANKFURT, Nov 16 (Reuters) - Volkswagen will increase investment in automotive plant and equipment to an average of 6 percent of sales in the 2008-2010 period as it mounts a model offensive, Europe's biggest carmaker said. "As a result of upfront expenditures on new products, powertrains and locations, the ratio of investments in property, plant and equipment to sales revenue (capex) will be at a competitive level of approximately 6 percent on ...

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