Volkswagen's Traton to Invest EUR1 Billion in Digitization Research by 2024
October 02 2019 - 03:51AM
Dow Jones News
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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