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. Over the coming five years, VW said it aims to spend "almost 44 billion euros" ($50 billion) on electric, self-driving and connected cars as well as mobility services like car sharing. The figure represents roughly a third of the group's planned expenditure between now and 2023, and the bulk of it will go on developing e-cars, VW said following a supervisory board meeting on future strategy.
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