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Autos Headlines

VW raises mid-term profit, sales outlook

Volkswagen raised its mid-term outlook for group profit and sales on Monday, sustaining investor hopes that the carmaker can further its recovery despite shouldering billions of costs for its electric-car offensive.

Volkswagen to invest $27 billion in core brand until 2022

Volkswagen will invest 22.8 billion euros (20.35 billion pounds) in its main car brand over the next five years, it said on Saturday, a day after it announced a spending programme aimed at bolstering its position as a maker of electric cars.