German carmakers to invest 60 billion euros in electric cars and automation: VDA

  • 📰 Reuters
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 97%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Germany's car industry is to invest nearly 60 billion euros ($68 billion) o...

FILE PHOTO - Electric car is charged at the charging station at the front of the German utility E.ON headquarters in Essen, Germany, May 9, 2018. REUTERS/Wolfgang Rattay

“We will invest over 40 billion euros in electric mobility during the next three years, and another 18 billion euros will be invested in digitization and connected and automated driving,” VDA president Bernhard Mattes said in a statement on Saturday. The Geneva International Motor Show, where manufacturers showcase their latest models and concepts, runs from March 7 to 17.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

GeertNoels Article on german cars? Let's use a picture of a french one!

RIP Tesla

well .. the germans know how to build cars ... will be good ones i am sure

GREAT STUFF,

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside the 40-year business partnership of Warren Buffett and Charlie Munger, who both started out working in the same grocery store and reportedly haven't had a fight in 60 yearsWarren Buffett and Charlie Munger serve as Chairman and Vice Chairman, respectively, at holdings company Berkshire Hathaway. Most people have never heard of Charlie Munger either. And I'm sure hes more than fine with that.
Source: BusinessInsider - 🏆 729. / 51 Read more »