Automobile and commercial vehicle manufacturer Volkswagen has obtained 2.3bn reais ($425.62m) in financing from Brazil’s National Bank for Economic and Social Development (BNDES). The package comprises credit lines intended to accelerate the automaker’s hybrid-vehicle development and to expand export activity from its operations in Brazil. Beyond accelerating Volkswagen’s range of hybrid vehicles, including mild hybrids, full hybrids, and plug-in hybrids, the BNDES Mais Inovação financing also backs Volk ...