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Volkswagen electrifying more than 40 more models over next few years

In remarks before the opening of the Geneva Motora Show, Volkswagen Group Chairman of the Board of Management Prof. Dr. Winterkorn said that a plug-in hybrid version of the Volkswagen Passat would join the Group’s range of low-CO2 vehicles “soon.”In his remarks, Winterkorn noted that Group research and development expenditure rose by 15% last year to the record value of €10.2 billion (US $14 billion), with the “lion’s share going to green technologies.” Winterkorn said that the Group was reinforcing its objective to become the world’s leading automaker, also in ecological terms, by 2018.