Volkswagen ramps up e-mobility spending to $59 billion by 2026

Reuters

Published Dec 09, 2021 08:44AM ET

FRANKFURT (Reuters) - Volkswagen (DE:VOWG_p) on Thursday said it would ramp up spending for battery-powered electric vehicles by around 50% to 52 billion euros ($59 billion) by 2026 as part of the group's far-reaching transformation.