Volkswagen Group to cut overall spending by ~€1B next year, but to boost investments in electric drive tech by €100M
Green Car Congress
NOVEMBER 20, 2015
Examples include product start-ups such as the next-generation Golf, the Audi Q5, the new Crafter plant in Poland, as well as upfront expenditures for the modular electric toolkit (MEB). These investments will be financed from the joint ventures’ own funds. We are operating in uncertain and volatile times and are responding to this.
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