Volkswagen Group adjusts strategy, invests in electrification and digitalization

Volkswagen Group announced that despite the automotive industry's move towards electrification, the company remains committed to competitiveness in the field of internal combustion engine vehicles. Volkswagen plans to allocate two-thirds of its 180 billion euros in capital allocation to electrification and digitalization, while retaining one-third to maintain the competitiveness of internal combustion engine vehicles.