
Volkswagen Group has announced a $7.1 billion investment plan to boost product lineup, R&D and manufacturing in North America.
As part of this strategy, Scott Keogh, President and CEO of Volkswagen Group of America, said the carmaker aims to have 55% of US sales fully electric by 2030. VW will do that by locally integrating its combustion-engine (ICE) and electric vehicle (EV) assembly, as well as American-focused engineering, battery know-how and software development.