$25bn – that’s the amount VW is committing to electric vehicle battery development. And 16 is the number of factories building EVs that the auto maker means to have by end-2022, up from the current clutch of three.
However, VW last week said it was expecting a ‘diesel renaissance’, which pretty much puts it alone among leading car makers.
$25bn times two. That also, by some magic the amount that has been levied against the company in fines, penalties and restitution payments in the wake of the Dieselgate scandal.