23 Nov '15, 9am

£70M plug-in investment confirmed to protect VW's future - https://t.co/hJKUDeptpy https://t.co/xvLxdiSUKL

20.11.2015 Huge plug-in investment confirmed to protect VW's future The VW Group is prioritising investment in alternative fuels The Volkswagen Group will invest an additional 100 million Euros (£70 million) in alternative drive technologies in 2016. Group CEO Matthias Müller announced the plans today (Friday 20th November) at the company's headquarters in Wolfsburg. The move comes as the VW Group is planning on limiting its spending on capital expenditure to 12 billion Euros, down from the previously planned 13 billion Euros. These cuts will impact projects such as the proposed new design centre in Wolfsburg, which will save around 100 million Euros. The all-electric Phaeton which was announced in mid-October has been put on hold too, but remains in the pipeline rather than being cancelled indefinitely. Most of the projects that will not be affected by cuts involve new pr...

Full article: http://www.nextgreencar.com/news/7362/huge-plugin-investm...

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