By FDI Creative Services on 11/17/2017
Category: Security News

Volkswagen to spend more than $40 billion on electric cars, autonomous driving

WOLFSBURG, Germany (Reuters) - Volkswagen (VOWG_p.DE) will spend more than 34 billion euros ($40 billion) on electric cars, autonomous driving and new mobility services by the end of 2022, the group said on Friday.

A Volkswagen Golf GTE is being charged during a workshop prior to Auto Guangzhou in Guangzhou, China November 16, 2017. REUTERS/Bobby Yip

Total group investments by 2022 will total about 72 billion euros, the group said, confirming an earlier Reuters story.

($1 = 0.8481 euros)

Reporting by Andreas Cremer, Christoph Steitz, and Jan Schwartz; Editing by Georgina Prodhan

Our Standards:The Thomson Reuters Trust Principles.

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