Volkswagen Plan €60bn Investment In Future Cars By 2024

  • 📰 channelstv
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Volkswagen Plan €60bn Investment In Future Cars By 2024.

This file photo taken on June 1, 2018 shows Volkswagen cars waiting to be shipped at the harbour in Bremerhaven, northern Germany.German car giant Volkswagen said Friday it would plough 60 billion euros by 2024 into its switch to electric, hybrid and connected vehicles, as automakers around the world rev up electrification plans.

Of the 29 million electric vehicle sales VW is targeting over the coming decade, 20 million will be from MEB-based vehicles. Meanwhile, VW will have to spend big to transform existing factories to produce electric cars — five in Germany, one in the US, one in the Czech Republic and two in China. VW last month said it was confident of hitting financial targets despite a lower unit sales outlook, warning that “vehicle markets will contract faster than previously anticipated in many regions”.

 

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

 /  🏆 7. in CA

Canada Canada Latest News, Canada Canada Headlines