VW To Invest $3.7 Billion Into Electric Future, Cuts 23,000 Jobs At Same Time Due To EV Efficiency

Volkswagen announced investments of €3.5 billion ($3.7 billion) in future-oriented areas, which mostly concern electrification of new models. As a whole, the company is transforming from a pure automaker into a mobility service provider. Interestingly, efficiency improvements in the labor pool due to making more straight forward electric vehicles will result… …read more