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

Volkswagen plans to stop selling combustion engine cars in Europe by 2035

Volkswagen

When it comes to machines like the ID.4, Volkswagen is known to be fond of manufacturing electric vehicles, but it now has a better idea of when it will leave fossil fuels. According to Reuters, VW board member Klaus Zellmer told Münchner Merkur in an interview that the automaker will discontinue selling combustion engine vehicles … Read more