German automaker Volkswagen on Friday said it planned to invest more than 34 billion euros ($40 billion) over the next five years in new technologies to advance its push to become a global leader in electric cars.
"We are reinventing the car," chief executive Matthias Mueller said after a meeting of the group's supervisory board, adding that the bulk of the spending would be on developing electric and hybrid cars.
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Turkish soldier killed in Syria operation: armyMaintained and developed by Arabs Today Group SAL.
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Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
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