Volkswagen plans 22 million electric vehicles in ten years
Almost 70 new electric models by 2028 – instead of the 50 previously planned Comprehensive decarbonization program for the Volkswagen Group signed off Volkswagen Group targeting fully CO2-neutral balance by 2050 Diess: “Volkswagen will change radically. We are taking on responsibility with regard to the key trends of the future – particularly in connection with […]
Volkswagen to spend $50 billion on electric car ‘offensive’ – via Mining.com – Cadence Minerals (KDNC)
German automaker Volkswagen said Friday it will spend tens of billions of dollars refocusing the company on the making of electric cars, autonomous vehicles and new mobility services. The Wolfsburg-based manufacturer, which plans to have some of the new offering in the market by 2023, said the 44-billion euro ($50 billion) investment in what CEO Herbert Diess describes […]
Autoblog – Stung by Asian dominance, Germany pours cash into EV battery ventures.
Reporting by Michael Nienaber; additional reporting by Edward Taylor, Ilona Wissenbach, Ludwig Burger and Andrea Shalal. BERLIN — Germany has earmarked 1 billion euros ($1.2 billion) to support a consortium looking to produce electric car battery cells and plans to fund a research facility to develop next-generation solid-state batteries, three sources told Reuters. The measures, expected to be announced next […]
Is VW Germany’s Second Stalingrad ?
Germany built better armies, better motor cars, better this and better that, than any other country in the world. Its name had become a byword for quality, reliability and honesty until its major car manufacturer destroys those invaluable assets by being caught red handed in a massive fraud which not only has major financial consequences […]