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March 04 - 10:03
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German auto giants to spend €60bn on electrification and automation
German auto makers are investing €60 billion in total on electric cars and automation over the next three years. Bernhard Mattes, president of industrial group VDA, spoke of the projection ahead of the Geneva Motor Show. The range of electric models from German manufacturers is expected to treble in that period. €18 billion of the investment is going into digitisation and connected driving.
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