Volkswagen's Traton to Invest EUR1 Billion in Digitization Research by 2024

Date : 10/02/2019 @ 7:51AM
Source : Dow Jones News
Stock : Volkswagen AG (VOW3)
Quote : 171.64  -5.88 (-3.31%) @ 4:35PM

Volkswagen's Traton to Invest EUR1 Billion in Digitization Research by 2024

Volkswagen (XE:VOW3)
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By Carlo Martuscelli

 

Traton Group said that it plans to invest over 1 billion euros ($1.1 billion) into research to progress digitization by 2024.

The Volkswagen AG (VOW.XE) subsidiary said that it is aiming to put substantially more than a million trucks on the road with network capacity by 2025.

The company said that the use of networked commercial vehicles could help drive efficiency and increase capacity utilization.

 

Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com

 

(END) Dow Jones Newswires

October 02, 2019 03:36 ET (07:36 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.


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