Volkswagen to Pour Billions Into Electric Cars

[mahatmakanejeeves]

Source: The Wall Street Journal.

Volkswagen to Pour Billions Into Electric Cars

Big chunk of five-year $150 billion budget to go toward developing electric and self-driving vehicles

By William Boston
Nov. 16, 2018 11:03 a.m. ET

BERLIN—Volkswagen AG will invest nearly $150 billion over the next five years, with about one-third earmarked for the development of electric cars, self-driving vehicles and digital services, as the German auto maker responds to growing competition from Silicon Valley.

The new budget from Volkswagen—traditionally one of the biggest spenders in the global auto industry—underscores the challenge posed by the technology sector, as electric vehicles are set to go mainstream and self-driving cars are on the verge of hitting the...

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Read more: https://www.wsj.com/articles/volkswagen-to-spend-50-billion-on-electric-car-drive-1542384180

[hlthe2b]

1. they should not have discontinued the beetle. I'd bet an electric VW Beetle would sell

[VMA131Marine]

2. You asked for it ....

http://www.zelectricmotors.com/

[hlthe2b]

3. Hah! Always someone to take on the challenge

[MurrayDelph]

4. But when the government isn't watching

it'll burn coal

[marybourg]

5. That's funny.