Volkswagen To Invest $7.1 Billion USD in North American Production, Focusing on EVs

Volkswagen will invest an additional $7.1 billion USD into its North American production over the next five years, the company announced on Monday. The automaker is aiming to add 25 new electric vehicles in the region by 2030, including an updated version of VW's classic Microbus.The company plans to allocate the funds to "[boosting] its product portfolio, regional R&D and manufacturing capabilities," according to a release. The new aforementioned Microbus model, dubbed the ID.Buzz, will first b...