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Volkswagen invests 44 billion euros in electric and digital vehicles from Sharjah 24, today Friday, November 16, 2018.
The Volkswagen Group, the largest automaker in Germany, announced yesterday that it plans to invest about 44 million euros over the next five years in the fields of electric cars and digital technology.
The company said that after the fiscal council meeting in Wolfsburg, these investments accounted for approximately one-third of the total expected group expenses, during the period 2019-2023.
Herbert Des, chief executive of the group, said that he was working to reorient the company towards green transport and added that an objective has been established to increase the pace of innovation in the company.
Currently Volkswagen is considering the entry into the production of electric cars, said Des.
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