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Volkswagen to invest $27 billion in core brand until 2022

FRANKFURT Volkswagen will invest 22.8 billion euros ($26.9 billion) in its main car brand over the next five years, it said on Saturday, a day after it announced a spending program aimed at bolstering its position as a maker of electric cars.

Recent Business News

Tesla's unfettered ambition will drain finances: analysts

Tesla Inc may have to ask creditors and shareholders for more capital to fund development of an electric semi truck, a new roadster and accelerated production of a high-volume electric sedan, analysts said on Friday.

Nov 17 2017

Business jets risk U.S. pilot shortage on competition from airlines

MONTREAL Business jet operators, already offering double digit raises to attract pilots, could face a labor shortfall in North America as they compete with U.S. airlines for talent, executives and analysts said.

Nov 17 2017

Apple pushes launch of HomePod smart speaker to early 2018

SAN FRANCISCO Apple Inc has pushed the launch of its HomePod smart speaker to early next year from December, the company said on Friday, missing the holiday shopping season as the market for such devices becomes increasingly competitive.

Nov 17 2017

U.S. rejects Ford petition to delay recall of three million vehicles

WASHINGTON The U.S. National Highway Traffic Safety Administration said on Friday it was rejecting a petition by Ford Motor Co to delay recalling about 3 million vehicles with potentially defective air bag inflators to conduct additional testing.

Nov 17 2017

Volkswagen accelerates push into electric cars with $40 billion spending plan

WOLFSBURG/HAMBURG Volkswagen approved a 34 billion euro ($40 bln) spending plan on Friday that accelerates its efforts to become a global leader in electric cars. | Video

Nov 17 2017

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