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VW embarks on $50 bln electrification plan

Friday, November 16, 2018 - 01:39

Volkswagen expects to become the most profitable manufacturer of electric cars thanks to a huge expansion plan to mass produce battery driven vehicles, Chief Executive Herbert Diess said on Friday. As Laura Frykberg reports, the carmaker is set to spend 50 billion dollars as part of its new strategy.

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Volkswagen expects to become the most profitable manufacturer of electric cars thanks to a huge expansion plan to mass produce battery driven vehicles, Chief Executive Herbert Diess said on Friday. As Laura Frykberg reports, the carmaker is set to spend 50 billion dollars as part of its new strategy.

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VW embarks on $50 bln electrification plan

Friday, November 16, 2018 - 01:39