Volkswagen announces five-year $193 billion investment plan as electrification gathers pace

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Covering an area of 6.5 million square meters, VW's huge manufacturing facility in Wolfsburg uses two cogeneration plants that provide it with heat and power.
Krisztian Bocsi | Bloomberg | Getty Images

Volkswagen on Tuesday announced plans to invest 180 billion euros ($192.6 billion) between 2023 and 2027, with more than two thirds targeting "electrification and digitalization."

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