(Reuters) - Volkswagen AG said on Tuesday it planned to set up a venture capital fund, which would initially invest 300 million euros ($355.14 million) in decarbonization projects and start-ups.
"Decarbonization will make many things more affordable, not more expensive," Herbert Diess, chief executive officer of Volkswagen, said in a LinkedIn bit.ly/38NnhyZ post, adding that reducing carbon dioxide is possible without sacrificing the standard of living.
Image: Volkswagen AG CEO Dr. Herbert Diess speaks at a news conference in New York City, New York, U.S., July 12, 2019. REUTERS/Mike Segar - https://www.reuters.com
