Volkswagen lawsuit; Facebook execs out; Tesla’s new SUV – CNN

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Volkswagen to Spend $50 Billion on Electric Car Drive

BERLIN—Volkswagen AG will invest nearly $150 billion over the next five years, with about one-third earmarked for the development of electric cars, self-driving vehicles and digital services, as the German auto maker responds to growing competition from Silicon Valley. The new budget from Volkswagen—traditionally one of the biggest spenders in the global auto industry—underscores the…

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