VW subsidiary: Porsche is investing 15 billion euros in e-cars and digitalization

Porsche

Despite the Corona crisis, the group is sticking to its return target.

(Photo: dpa)

Frankfurt The VWSubsidiary wants a total of around 15 billion euros in electromobility and digitalization invest. The money is said to flow into the development of new electric cars, such as variants of the Taycan and the battery-powered Macan for 2022 PorscheFinance chief Lutz Meschke.

Despite the great uncertainty about the economic consequences of the Corona crisis, it continues Porsche therefore at its return target of 15 percent: “With measures that contribute to increasing efficiency and by opening up new, profitable business areas, we want to continue to achieve our strategic goal of an operating return on sales of 15 percent in the future.”

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