A year after throwing down the gauntlet with an unprecedented outlay on next-generation mobility, Volkswagen AG has boosted its five-year plan by more than a quarter to 44 billion euros ($50 billion).

Wolfsburg (Germany) (AFP) - German auto giant Volkswagen said Friday it will invest 44 billion euros by 2023 in the smarter, greener cars of the future as it ramps up efforts to shake off the "dieselgate" emissions cheating scandal.

FRANKFURT (Reuters) - Volkswagen VOWG_p.DE could build up to 15 million electric cars over several years on its new electric vehicle production platform, the company said on Friday, adding that its Chief Executive Herbert Diess had misspoken in an interview on Monday.

Ford Motor Co. and Volkswagen Group will move forward with discussions to jointly manufacture a range of light commercial vehicles, Volkswagen said Friday during a news conference in Germany.

FRANKFURT (Reuters) - Volkswagen VOWG_p.DE will convert three German factories to build electric cars, as Europe's largest automaker by sales starts mass producing zero-emission vehicles in a major strategy shift following its emissions cheating scandal.

Volkswagen said on Friday it will spend about 44 billion euros ($50.2 billion) on electric cars, autonomous driving, new mobility services and digitalization in vehicles through 2023.