Volkswagen Will Invest $193 Billion in Electric Cars and Software

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https://www.nytimes.com/2023/03/14/business/volkswagen-electric-vehicles-batteries-investment.html

By Melissa Eddy, The New York Times. 

Excerpt: Volkswagen said on Tuesday that it would spend $193 billion on software, battery factories and other investments as it aimed to make every fifth vehicle it sold electric by 2025. The automaker, the world’s second biggest after Toyota, will also focus on expanding its presence in North America, where it has struggled for years, and becoming more competitive in China, one of its most important markets, said Oliver Blume, Volkswagen’s chief executive....

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