Porsche to double investment in electric cars

Porsche's flagship Mission E electric sports car

Porsche’s flagship Mission E electric sports car is scheduled to hit the roads in late 2019 AFP / ODD ANDERSEN

German high-end sports car maker Porsche said Monday it would double investments in electrifying its entire range by 2022, as parent company Volkswagen reacts to environmental scandals and new challenges from abroad. The Stuttgart-based firm said it would spend more than six billion euros ($7.5 billion) in developing hybrid and battery-powered cars over the coming five…

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