Volkswagen plans to invest €1 billion to grow market share in South America
VW will be launching its first fully electric models — ID.4. and the ID. Buzz — in Brazil by the end of 2023
Europe’s largest carmaker Volkswagen plans to invest €1 billion in South America by 2026 as part of its strategy to expand its portfolio, development of new products and business models, and grow faster than other global markets, the company announced July 4.
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