![Mathilde Carlier](https://cdn.statcdn.com/static/../CMS/contactperson/ERI2785_1713774293.png)
Global R&D spending: key companies in the automotive sector 2021
In the 2021 fiscal year, U.S.-based carmaker Ford reported research and development costs of around 7.6 billion U.S. dollars. In contrast, Germany's Volkswagen spent around 15.6 billion U.S. dollars in R&D expenditure.