Volkswagen is still investing in its Russian plant despite the severe downturn in that country. But right now, sales have plummeted because many Russians just can't afford a new car.
VW cut production at its plant in Kaluga.
Volkswagen, the German car giant at the heart of the diesel emissions scandal, says it's now embracing e-mobility. It says it's going to spend more than €34bn on electric cars, autonomous driving and new mobility services by the end of 2022.
German carmaker Volkswagen has announced it will boost investments in the development of electric cars in the next five years. The company has set out to become a global leader in e-mobility and new-energy vehicles.
German carmaker Volkswagen has said it will boost its investment in electric vehicles in China together with its joint ventures on the ground. The announcement came as the Asian nation set stringent production quotas.
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