Volkswagen to review investment plans to meet new EU CO2 targets - CEO
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BERLIN (Reuters) - Volkswagen will have to review its plans for a shift toward mass production of electric vehicles to meet new European Union CO2 targets in 2030, CEO Herbert Diess said in a statement on Tuesday.The new European rules require carmakers to reduce carbon emissions from cars across their fleets by 37.5 percent between 2021 and 2030.Volkswagen's CEO said the rules would mean that VW will have to hike its electric car production to a level that it cannot meet with its current..