Commentary
Volkswagen Commits $66 Billion For Future Cars
- by Chuck Martin , Staff Writer, November 17, 2019
Money is flowing and shifting in the search for the car of the future.
Now Volkswagen is committing $66 billion into its auto future of cars that are electric, hybrid and connected.
The planned car development spending, slated for between 2020 and 2024, accounts for slightly more than 40% of …
Chuck Martin is Editor of the AI & IoT Daily at MediaPost and writes the daily Connected Thinking column. He is a NY Times Business bestselling author and his latest book is “Digital Transformation 3.0” (The New Business-to-Consumer Connections of The Internet of Things.) He is CEO of Net Future Institute and a frequent keynote speaker internationally. Follow him on Twitter @chuckmartin and contact him at Chuck@MediaPost.com.
At a cost of $400,000 per self driving car, they can build 165,000 units