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VW's revenue in 2018 is €235.85 billion so that means they spent 5.7% of revenue on R&D. For comparison, Nokia spent 11% of their net sales in 2007 on R&D, at t
by jryle70 7y ago
VW's revenue in 2018 is €235.85 billion so that means they spent 5.7% of revenue on R&D. For comparison, Nokia spent 11% of their net sales in 2007 on R&D, at the time when they appeared invincible, also the year iPhone was announced. Those huge numbers usually don't correlate with success.