Volkswagen To Increase Electric Drive Spending By €100 Million In 2016 (e-Phaeton Delayed)

Volkswagen’s strict financial position after Diesel Gate carries with it serious consequences. CEO Matthias Müller recently announced a reduced level of spending for 2016 of €1 billion. Some investments are on hold, delayed, reviewed or switched to other areas. “The Volkswagen Group is aligning investment activity in its Automotive Division… …read more