German car manufacturer Volkswagen announced plans to increase investment in the development of new technologies by 10 billion euros by the end of 2023. The total investment in this area will be 44 billion euros, or about a third of Volkswagen’s total capital expenditures. A significant amount will be invested in the development of new models of electric vehicles. The plan assumes that in 2025 the concern will produce 50 electric cars. Investments will also be directed to the purchase of real estate, the construction of factories and the modernization of already existing enterprises. Nevertheless, total capital expenditures will be reduced by 6% of revenue by 2020, the German concern reported.
London Stock Exchange agrees to sell Borsa Italiana to Euronext for $5 billion07.10.2020
Trump demands Congress to give $25 billion in cash assistance for American airlines02.10.2020
Goldman Sachs to purchase General Motors’ credit card business worth $2.5 billion01.10.2020
Rolls-Royce plans to raise $6.5 billion to cope with a "worst-case scenario" amid the coronavirus crisis