electric power. The electric motor and battery updates will be done in partnership with German company eClassics. The electric components used for retrofitting will be based upon those found in the e-up! model. In November 2020, Volkswagen announced that, trying to remain the world's largest carmaker in the green era, it has increased its investment in electric and self-driving cars to $86 billion over the next five years. In January 2021, Volkswagen announced that its sales in 2020 dropped by 9.9% in China, 23.4% in western Europe and 17.1% in North America. In March 2021, Volkswagen announced that it would stop developing new internal combustion engines, although it would keep tweaking existing engines to comply with stricter emission rules. Also, the company announced it was changing the American division's name to "Voltswagen", with the help of Johannes Leonardo, before revealing the move to be a hoax. In a tweet, the company said, the stunt "got the whole world buzzing." However, some news sources considered the announcement to be real, including the Associated Press, whose headline about being fooled stated, "Volkswagen caught lying again, this time about changing its name." In March 2022, Volkswagen released the ID. Buzz electric minivan. On May 11, 2022, Volkswagen confirmed the relaunch of its Scout off-road vehicle brand, this time as an EV. Production is set to begin in 2026, and this relaunch will be the first time that VW creates a new brand based solely in the U.S. market. In July 2022 Volkswagen noted the development of the first of their own Gigafactories. The site, based in Salzgitter in Germany, has been termed Mission SalzGiga. The new business unit is focused on all of Volkswagen's battery activities "from raw materials and the cell right through to recycling", and is part of a €20 billion investment. On Sep 2022 Volkswagen introduces the ID. XTREME1 off-road Electric concept Car, an off-road electric SUV. Operations Volkswagen is the founding and namesake member of the Volkswagen Group, a large international corporation in charge of multiple car and truck brands, including Audi, SEAT, Porsche, Lamborghini, Bentley, Bugatti, Scania, MAN, and Škoda. Volkswagen Group's global headquarters are located in Volkswagen's historic home of Wolfsburg, Germany. Volkswagen Group, as a unit, is Europe's largest motor vehicle manufacturer, with over 74,000 employees and over 7700 dealerships. For a long time, Volkswagen has had a market share over 20 percent. In 2010, Volkswagen