VW to invest $86 billion in electric cars, hybrids, digital tech in next 5 years

Filed under: Earnings/Financials,Green,Volkswagen

Volkswagen plans to invest 73 billion euros (65.4 billion pounds) in e-mobility, hybrid technology and digitalization within the next five years to adapt to changes in the industry, it said on Friday. "The transformation of the company and its brands as well as the strategic focus on the core mobility areas will be consistently implemented," supervisory board chief Hans Dieter Poetsch said. Around 35 billion euros of the money will be invested in e-mobility, and 11 billion euros ha

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VW to invest $86 billion in electric cars, hybrids, digital tech in next 5 years originally appeared on Autoblog on Fri, 13 Nov 2020 08:43:00 EST. Please see our terms for use of feeds.

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