VW cuts investment in core brand, steps up push into electric cars

By Andreas Cremer and Jan Schwartz
Updated October 14 2015 - 9:18am, first published 9:01am
Former VW chief Martin Winterkorn, who stepped down amid the emissions test rigging scandal, beside a Volkswagen Golf GTE electric automobile. The company now plans to push electric cars. Photo: Krisztian Bocsi
Former VW chief Martin Winterkorn, who stepped down amid the emissions test rigging scandal, beside a Volkswagen Golf GTE electric automobile. The company now plans to push electric cars. Photo: Krisztian Bocsi

Volkswagen will cut investment plans at its biggest division by €1 billion ($1.6 billion) a year and step up development of electric vehicles, it said on Tuesday, as it battles to cope with the fallout from its cheating of diesel emissions tests.

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