Between now and 2022, VWAG plans to invest over $40 billion on autonomous vehicles and electrified variants of every model sold by its dozen passenger car brands, as well as developing driverless electric truck technology.
“We are laying the foundation for making Volkswagen the world’s number-one player in electric mobility by 2025,” Chief Executive Matthias Müller said. “The entire automotive industry is facing fundamental changes in the coming years, which will provide great opportunities, but also require us to put in tremendous efforts.”
Electrification won’t be limited to flagship brands, but also to luxury divisions, low-end marques Seat and Skoda as well as a new sub-brand called Volkswagen I.D.
Read more of the original article at The Detroit Bureau.