Volkswagen aimimng to take over the world of elcetric cars as the company set the goal to improve it's productivity and increase income.
The company emphasized it will invest 44 billion to drive it's vision in the market for electric vehicles, by 2023.This is allongside the goal of increasing the production of VW factory by 30 percent before then.
The German company to attain the height for the most successful manufacturers of electric cars. The company also maintained that it wanted to improve productivity by focusing its electrification strategy within the home country, while pushing some previous engines to factories in some other European locations.
The workstation in Emden and Hanover will serve the purpose of production . Other model as the Passat will be moved to Czech. A new Plant in Europe will be developed for SEAT and SKODA.
The German company also said it also want to cut cost and capital expended from 2020 to 6 percent ratio of revenue
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