VW says will invest over 34 bn euros in cars of the future by 2022
chief executive Matthias Mueller
Frankfurt am Main - Muslimchronicle
German automaker Volkswagen on Friday said it planned to invest more than 34 billion euros ($40 billion) over the next five years in new technologies to advance its push to become a global leader in electric cars.
"We are reinventing the car," chief executive Matthias Mueller said after a meeting of the group's supervisory board, adding that the bulk of the spending would be on developing electric and hybrid cars.
source: AFP
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