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.
File photo used for representational purpose. (REUTERS)
File photo used for representational purpose.

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.

Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape.

First Published Date: 16 Nov 2020, 19:52 PM IST
NEXT ARTICLE BEGINS

Check Latest Offers

Please provide your details to get Personalized Offers

Choose city
+91 | Choose city
Choose city
Select a dealer

Want to get the best price for your existing car?

Powered by: Spinny Logo
By clicking "View Offers" you Agree to our Terms and Privacy Policy
Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.