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Volkswagen announces five-year $193 billion investment plan as electrification gathers pace
Persons glimpse at the Volkswagen id excitement electric vehicle all through the push working day at the Los Angeles Car Exhibit in Los Angeles, California, November 17, 2022. Mike Blake | Reuters Volkswagen on Tuesday declared plans to devote 180 billion euros ($192.6 billion) between 2023 and 2027, with far more than two thirds concentrating on “electrification and digitalization.” The German automotive large earlier this thirty day period posted a total-calendar year 2022 running financial gain of 22.5 billion euros, up 13{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} from the past 12 months, with battery and electric car or truck (BEV) deliveries mounting 26{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. similar investing news The BEV expansion was driven by a 68{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} spike…