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VW increases spending on new tech by $11 billion to speed overhaul

Diess: "Very emotional vehicles, high economies of scale, I think we will be the most profitable company in electric vehicles." (LARS LANDMANN)
CR
By:
Christoph Rauwald
November 16, 2018 05:00 AM

Volkswagen Group is significantly raising investment plans for the next five years in the race to keep up with the shift to electric and self-driving cars, as well as new services in connected cars.

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