14 DAY TRIAL // The Volkswagen Group has announced plans to invest as much as €56 billion ($75.83 billion) on greening up its ways.
The money will be spent over the course of the next five years, and will chiefly serve to roll out increasingly efficient vehicles that have a fairly low ecological footprint.
According to Business Green, the company will also spend quite a lot of money on limiting the environmental impact of its production lines.
Thus, the auto giant said that the $56 billion will be invested in “efficient vehicles, drives and technologies, as well as environmentally friendly production.”
“Volkswagen's focus on future viability and sustainability also extends to its investments - and this applies to both products and production. This is good for our locations and good for jobs,” said Bernd Oserloch on behalf of the company.
All in all, the Volkswagen Group will invest €84.2 billion ($114 billion) in its automotive division over the following half a decade.