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Volkswagen on Friday said it would invest 44 billion euros ($50 billion) over the next five years in the smarter, greener cars of the future as the German auto giant ramps up efforts to catch up with foreign rivals.
"Over the coming five years to the end of 2023, the company will be spending almost 44 billion euros alone on the future issues of e-mobility, autonomous driving, new mobility services and digitalisation," VW said in a statement.
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