With the aim to overtake Fiat and gain the position of the country's top ranked and largest retailer of cars and trucks, Volkswagen do Brazil on Thursday shared its plans of investing 6.2 Billion Brazilian Reals, or 2.3 Billion Euros ($3.5 Billion), in the company between
2010-2014, and also said that it is aiming at selling 1 million automobile units by 2014.

The funds for investments, as confirmed by the company, would come from its European headquarters and subsidiary offices which are scattered all over Brazil.

"We will enjoy significant growth in Brazil this year and win market share. Our target is to sell one million vehicles per year in Brazil by 2014, thus making an important contribution to the success of the Group's Strategy 2018", said Volkswagen AG's Local Chief Executive, Thomas Schmall.

The 2010-14 budget shared by Volkswagen Brazil has been the firm's largest ever investment in the Brazilian division, and has come after recording a 70% rise in deliveries to customers for the year 2008.

Despite the recession, and customers spending cautiously, the company's Brazil sales were pushed up on the back of lower interest rates, tax reliefs and introduction of the firm's new Golf model.