German car giant Volkswagen on Monday announced a fresh 15 billion euro (US$17.5 billion) splurge on China’s vast electric vehicle potential. Global carmakers are pegging hopes on an increasingly electric future with China at the forefront as a customer base and manufacturing hub. Beijing has targeted a 25% adoption of energy-saving vehicles by 2025. Volkswagon’s […]
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Cartel allegations threaten trust in entire German auto industry
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