Tag: Porshe

By on November 15, 2019

Volkswagen Group has decided to increase spending on the development of electric and digital technologies over the next five years to 60 billion euros ($66 billion USD). The automaker estimated the revised strategy amounts to slightly more than 40 percent of its investments in property, plant and equipment, and all research and development costs during the planning period.

Of that sum, 33 billion euros are expected to go directly toward the development of new electric vehicles. The increase allocates roughly €12 billion annually for hybridization, electric mobility and digitalization. The old plan set aside 8.8 billion euros per year. (Read More…)

Recent Comments

  • SPPPP: “Permanent disablement” sounds interesting. I would like to hear details (the report doesn’t...
  • mcs: I’ve always been a fan of the 2121 Niva. The bada$zed 4×4 version. They made 650,000 of them....
  • Michael S6: My wife got a new green GrandPrix GT 2005 and it was a royal POS. This was a brand new model and Pontiac...
  • Superdessucke: Yup. If you got into an accident and that big plastic piece came off, you’d have that cheap...
  • Inside Looking Out: I had Lada 2108 and once in a while to cut standing still traffic on the road I took shortcuts...

New Car Research

Get a Free Dealer Quote

Who We Are

  • Adam Tonge
  • Bozi Tatarevic
  • Corey Lewis
  • Mark Baruth
  • Ronnie Schreiber