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Volkswagen embarks on $50 billion electrification plan

Updated : November 16, 2018 09:20 PM IST

VW will spend almost 44 billion euros ($50 billion) on developing electric cars, autonomous driving and new mobility services by 2023 and explore further areas of cooperation with US automaker Ford.
Diess said he hoped to have an outline agreement on cooperation with Ford fleshed out by the end of the year, with the initial focus on commercial vehicles.
Volkswagen embarks on $50 billion electrification plan
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