Tue, 21-Oct-2025

Volkswagen boosts five-year investment in electric to 89 billion euros

FRANKFURT: German auto giant Volkswagen said on Thursday that it would increase its investment in electric vehicles and digitalisation to 89 billion euros ($101 billion) over the next five years. The 12-brand group will invest 56 per cent of its 159 billion euros of investment into developing the cars of the future, up from 50 … Read more

BMW and Volkswagen fined $1 billion by the EU for limiting emissions-reduction technology

BMW and Volkswagen have been fined $1 billion by the EU for limiting emissions-reduction technology

The diesel emissions crisis has hit European manufacturers, although it has nothing to do with Dieselgate. According to Reuters, the European Commission fined BMW and Volkswagen a total of €875 million (just over $1 billion) for allegedly collaborating in a way that limited technology for lowering nitrogen oxide emissions from diesel engines. In discussions between … Read more