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07 Oct
13:55

VW Group mulling €1 billion investment in Chinese software JV: report

Volkswagen Group is reportedly planning to invest over €1 billion ($974.24 million) in a software joint-venture in China, with an official announcement expected shortly. Citing unnamed sources close to the matter, Reuters said on 6 October "the carmaker was waiting for the results of the elections taking place on Sunday (9 October) in the state of Lower Saxony, VW's second-largest shareholder with two seats on its supervisory board, before making th…
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