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Volkswagen Group will invest more than $3.

3 billion in North America to help lift the brand out of irrelevance in the U.S., the automaker said in a statement.

The spending through 2020 will mostly go toward new models, including two more planned SUVs designed to finally turn VW's fortunes, after lingering at less than a 2 percent share in the world's second-biggest car market.

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#NAIAS: Volkswagen Tires Of Irrelevance In The US - Devotes $3.3 Billion To Gain Respect

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