Volkswagen assigns 20 billion euros in battery orders, speeds EV push

Volkswagen to launch one new electric car every month globally from next year

Volkswagen to launch one new electric car every month globally from next year

The chief executive of the world's largest carmaker Volkswagen said Tuesday he was convinced of a comeback for diesel motors, two-and-a-half years after the firm admitted to emissions cheating on a massive scale.

But the fraud has prompted a strategic shift, while advances in batteries and a global fight against pollution are raising pressure on carmakers to adopt zero-emission alternatives.

VW has said it plans to launch 80 new electric cars across the group by 2025 and offer an electric version of each of its 300 group models by 2030.

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Analysts are also projecting an Average Revenue Estimate for American Eagle Outfitters, Inc.as $802930 in the Current Quarter. American Eagle Outfitters, Inc.'s insider ownership stands at 0.1 percent, while its insider transaction is -7.42 percent.

Volkswagen (VW) a year ago started looking for partners in China, Europe and North America to provide battery technology worth more than 50 billion euros. That being said, uncertainty surrounds that part of the ruling, leading to BMW's decision to start the return promise, a move which BMW hopes will "strengthen the trust of its customers with the possibility of flexible vehicle switching". VW's emissions scandal, new Chinese quotas for electric cars and tightening rules on carbon dioxide (CO2) emissions in Europe are causing automakers to focus on green cars and self-driving technology. But he said the company would invest 34 billion euros by 2022 on autonomous and electric technology and on developing digital transportation services.

Volkswagen Group's record earnings drove up Chief Executive Matthias Mueller's salary package by about 40 percent previous year, to 10.14 million euros ($12.47 million) in pay and benefits, the carmaker said on Tuesday.

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