FRANKFURT (AP) -- German carmaker Volkswagen AG says it plans to extend its cooperation with the Emirate of Qatar especially in research and development and education.
Volkswagen, Europe's biggest carmaker, said in a statement Monday the Wolfsburg-based company foresees possible research cooperation into new materials, energy production and storage, fuel economy optimization in engines, and establishing a vehicle materials test laboratory.
Qatar Holding LLC, a state-backed investment company, owns around 17 percent of VW's shares. The VW shareholding is the Emirate's largest single investment.
