Volkswagen cranks up electric car investment

The original article can be found here.

Article highlights:

  • The 12-brand group will dedicate 56% of its 159 billion euros of investment to developing the cars of the future, up from 50%.
  • VW estimates that ‘one in four cars sold in 2026 will have a battery-electric motor’.
  • “We are in the middle of the biggest transformation in the history of Volkswagen,” chief executive Herbert Diess told reporters.