Car Car Car Car Car Car Car Car

Click for sample copy
Interlakes Sport Center
Drivin' Dreams
Specialty Auto Auctions
Gesswein Motors
Classic Cars of South Carolina, Inc
Klemme Klassic Kars
Drager's
Park Place LTD
Konken's
Mecum Collector Car Auctioneers
Country Classic Cars
Classic Dreamcars
Duffy's
Soneff's
KC Classic Auto
News & Reviews >
Quick Search

Volkswagen Plans to Build up to 15 Million EVs on MEB Platform

Volkswagen hasbegun a massive push to create new electric vehicles, and these efforts come at a price. The brand says it will streamline its product portfolio and reduce vehicle variants as it invests in new EVs and other technologies. Volkswagen Group wants to introduce 15 million vehicles based on the new MEB platform for electric vehicles in its first wave. Thats up from previous plans to make just 10 million vehicles. Through 2023, the VW brand will invest more than 11 billion euros in EVs, autonomous driving, and other new technologies, with 9 billionof these euros earmarked for the I.D. family. The first I.D. model will enter production in Germany in late 2019. After the small hatch arrives, VW will expand the I.D. lineup with a crossover, sedan , and van. By 2025, the brand plans to sell 1 million electric cars annually around the globe. At this time, the VW brand will have 20 electricmodels in its lineup instead of the current two. Meanwhile, itwill make a decision soon on a production location for building EVs in North America. To support these investments, VW aims to save 3 billion euros by 2020, of which $2.2 billion will be achieved by the end of this year. VW will make additional cuts of 3 billion euros by 2023, reports Reuters . This will help the brand boost its profit margins by at least 6 percent by 2022, three years earlier than previously anticipated. How will it achieve these savings? Again, VW said it will streamline its portfolio and reduce variants, but didnt name any specific vehicles that are on the chopping block. It also wants to slash administrative expenses and increase the productivity of its plants by approximately 30 percent by 2025. Earlier this week, Volkswagen Group CEO Herbert Diess said the German automaker might use Ford plants to build cars in the U.S. This could be part of the new collaboration between the two companies thatwill create synergies, including joint work on commercial vehicles. More news on the partnership between Ford and VW is expected in January. Source: Volkswagen, Reuters The post Volkswagen Plans to Build up to 15 Million EVs on MEB Platform appeared first on MotorTrend .

Read more at www.motortrend.com




Autobahn Transportation Services, Inc.
Carroll Street Auto
Midwest Car Exchange
Schulte Automotive and Subaru
Braatens Auto Center
Pioneer Auto Museum
Wagner's
Factory Five Racing, Inc.
Black Tie Classics
Mershon's World of Cars
Motion Unlimited Museum
Ellingson Motorcars LLC
Country Classics
Fast Lane Classic Cars Inc.
Financing by J. J. Best & Co.
Classic Industries
AutoStore
Tony D. Branda Shelby and Mustang Parts
Nordstrom's Automotive, Inc.
Classic Car Sales, Inc.


Search | Featured Ads | Browse Dealers | Search Dealers | Search Parts | Services | Home | Subscribe | Online Subscription
RSS | Advertise | Events | Success Stories | Auta Collection | Ad Manager | Dealer Login | Liability | Contact Us | Press | Links