Volkswagen to miss 2020 CO2 compliance target by 'a gram or so'

Volkswagen says it has plans of investing 73 billion euros ($86 billion) over the next five years in digital and electric vehicle technologies.
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| Updated on: 16 Nov 2020, 07:52 PM
File photo used for representational purpose. (REUTERS)
File photo used for representational purpose. (REUTERS)

German automaker Volkswagen will miss its CO2 compliance target this year by "a gram or so", Chief Executive Herbert Diess said on Monday.

Diess also said he saw business recovering next year and that the company was planning for a return to pre-Covid crisis levels in 2022.

Diess was speaking after Volkswagen announced on Friday it was increasing its planned investment in digital and electric vehicle technologies to 73 billion euros ($86 billion) over the next five years.

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First Published Date: 16 Nov 2020, 07:52 PM IST
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