Volkswagen to invest €60 bn by 2024 in future car models

WOLFSBURG - 15 November 2019: German car giant Volkswagen said Friday it would plough 60 billion euros by 2024 into its switch to electric vehicles, as it gears up to introduce up to 75 all-electric models and around 60 hydrid vehicles over the next decade.

"The group plans to spend nearly 60 billion euros ($66 billion) on the future areas of hybridisation, electric mobility and digitalisation in the next five years," said the group in a statement.