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Showing posts with the label #$86 billion

VW's Huge Electric & Self-Driving Push

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  VW Pumping $86 Billion into Electric & Autonomous Mobility                                                  Source:  VW  Leading the Way in Green Mobility Over the next five years, Volkswagen will pump $86 billion into electric and autonomous technologies. VW seeks to remain the world's largest automaker as the world shifts toward green, no emissions cars.   Half of VW's investment budget is going into electric vehicles, autonomous technology, hybrids and what it calls seamless software-based vehicle operating systems.  VW is also doubling its spending on digitalization to develop new self-driving systems and new vehicle operating systems. Tighter Emissions Standards in Europe and Elsewhere  With the European Union and many countries around the world toughening their regulations to reduce carbon emission...