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Volkswagen Pushes for Redemption With Electric Cars, Robo-Taxis

  • Carmaker to realign components production to boost efficiency
  • VW will present detailed financial targets before year-end
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Volkswagen AG will seek redemption in electric cars, autonomous driving and ride-sharing after its cheating on diesel-emissions technology led to the biggest scandal in its history and hastened a corporate overhaul.

The shift will entail more than 10 billion euros ($11.2 billion) in investments by 2025, financed in part by cost-cutting at the namesake VW brand and bundling together its fragmented parts operations, the company said Thursday at a press briefing at its Autostadt exhibition center in Wolfsburg.