Volkswagen Said to Allocate Billions for Electric Cars

According to a recent Wall Street Journal report, Volkswagen AG will invest up to $150 billion over the next five years, with about one-third targeted for electric car development, self-driving vehicles and digital services.

The context is important as Volkswagen, which according to the Journal, which historically is a major capital investor in its business, is confronting the reality of a marketplace in which technology and the direct relationship between driver, vehicle and fleet tracking system is getting tighter by the day.

It is also driving new alliances, as VW is said to be advancing a form of partnership with Ford on the production of light trucks.

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