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21 Mar
16:13

VW Group to invest $7.1 billion in North American electrification

Volkswagen Group plans to invest $7.1 billion over the next five years to boost electrification of its North America operations, the regional group’s ceo Scott Keogh said Monday. According to the executive in Volkswagen Group of North America, this investment will enable the company to add 25 new EV models to the region by 2030. The plans cover production of the ID.4 crossover BEV at its Chattanooga plant, sales of the ID. Buzz in 2024 and e-SUVs in 2026. T…
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