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Car: VW controllers decide to invest billions of dollars
Friday, 16.11.2018, 02:16
New model of electronic entry, conversion of two German factories into electric car factories and future investments of several billion: Volkswagen's supervisory boards must make serious decisions today in Wolfsburg. In addition to electrical plans, the auto giant wants its investments to be sanctioned by inspectors for the next five years.
These are expected to reach double-digit billions – a year ago, Volkswagen had announced plans to invest more than 34 billion euros in the development of the electric car, autonomous driving, mobility services and digitization. At the same time, the regulation of the scandal of diesel emissions has already cost the Group 27 billion euros.
Volkswagen wants to increase the production of electric cars from late 2019 – then launched the first 100% electric model of the family ID in Zwickau. By 2025, the automaker's brands want to initially offer 50 new 100% electric models. In the future, however, electric cars will also be built on the two VW sites in Hanover and Emden. The Pbadat manufactured up to now in Emden is then manufactured in the Czech Republic. VW also wants to market an e-compact car for less than 20,000 euros.
dpa
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