Companies

Most recent

John Jones was charged a £240 break fee despite being with Virgin for seven years.
John Jones tells the BBC he was charged a £240 contract break fee despite being with Virgin Media for seven years.

VW embarks on $50bn electrification plan

VW logo
Getty Images

Volkswagen expects to become the most profitable manufacturer of electric cars thanks to a multi-billion euro expansion plan to mass produce battery driven vehicles, chief executive Herbert Diess says.

VW will spend almost €44bn (£39bn) on developing electric cars, autonomous driving and new mobility services by 2023, and explore further areas of cooperation with US car giant Ford.