Volkswagen’s Costly Bet on Electric Cars - News Summed Up

Volkswagen’s Costly Bet on Electric Cars


Since the 2015 diesel scandal, Volkswagen has gone from wanting to rule the world to wanting to save it with environmentally friendly electric vehicles. What hasn’t changed is the secondary role played by investor interests in the company’s vision. The world’s top car manufacturer—Volkswagen and its sister brands have outsold Toyota since 2016, a key ambition of pre-Dieselgate boss Martin Winterkorn—announced a broader electric vehicle push alongside annual results Tuesday. The company expects at least two in five cars it...


Source: Wall Street Journal March 12, 2019 15:18 UTC



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