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Old 20th June 2016, 14:47   #1
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Default VW goes electric

Adolf Hitler’s favourite car company Volkswagen has decided that the only way to avoid being caught out fudging emission readings is to make more cars that are electric.

Volkswagen wants to make 30 electric plug-in models by 2025 as part of a cunning plan to overhaul its global strategy which has been limping along since it was caught lying about how environmentally friendly is cars were.

Volkswagen CEO Matthias Mueller on Thursday articulated a new vision for the automaker up to 2025, describing electric cars, ride-hailing services and cost cutting as critical to the company’s future.

Volkswagen, which also owns Audi and Porsche, will “significantly” reduce the number of models it makes and will slash almost $9 billion in spending.

This will go some way to help pay the $18 billion it will need to cover the costs of its emissions scandal.

The bet on fully electric vehicles will be paired with an investment in battery technology, though Mueller provided few details of what that would entail. Among the electric vehicles already in the works are the Porsche Mission E sports car, billed as a Tesla fighter, and the Audi e-tron quattro luxury electric crossover concept.

http://www.techeye.net/business/vw-goes-electric
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