VW spending nearly $85 billion total on electric and self-driving cars
WOLFSBURG, Germany — Volkswagen’s leaders on Friday approved a five-year spending plan that aims to further the German automaker’s goal of transforming itself into a leading force in electric cars.
Europe’s largest carmaker by unit sales will spend more than 34 billion euros ($40 billion) on electric cars, autonomous driving and new mobility services by the end of 2022, it said on Friday following a supervisory board meeting.
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