Porsche Increases Planned Investment in Start-Upgrades
September 25 2018 - 10:28AM
Dow Jones News
By Max Bernhard
Volkswagen AG's (VOW.XE) sports-car maker Porsche AG said
Tuesday that it is increasing its planned investment in start-ups
by EUR150 million ($176.3 million) for the next five years.
Porsche said it wants to focus on investments in business models
relating to the customer experience and future technologies such as
artificial intelligence, blockchain and virtual and augmented
reality.
The company said previously it plans to invest more than EUR6
billion in electromobility by 2022.
Write to Max Bernhard at max.bernhard@dowjones.com;
@mxbernhard
(END) Dow Jones Newswires
September 25, 2018 10:13 ET (14:13 GMT)
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