Volkswagen committing $7.1B to boost product line-up, R&D, manufacturing in North America; targeting 55% BEV sales by 2030
Volkswagen will commit $7.1 billion over the next five years in the North American region (NAR) (Canada, Mexico, United States) to boost its product portfolio, regional R&D and manufacturing capabilities. By locally integrating its combustion-engine (ICE) and electric vehicle (EV) assembly, American-focused engineering, battery know-how, and software development, Volkswagen aims...