VW will invest $4 billion to build digital businesses

VW's I.D. hatchback EV, shown as a concept, will have a new electronic architecture. (BLOOMBERG)

By:

Edward Taylor

August 23, 2018 05:00 AM

FRANKFURT -- Volkswagen will invest 3.5 billion euros ($4 billion) by 2025 to build digital businesses and products including a cloud computing-based platform to connect vehicles and customers to offer services such as car sharing.

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