Sunday, 18 November 2018

VW to invest $50bn in EV production

VW is to spend $50 billion retooling car plants at Zwickau, Emden and Hannover to mass produce electric cars  in a bid to make their production profitable, reports Reuters. “With high economies of scale, I think we will be the most profitable company in electric vehicles,” says CEO Herbert Diess. The unions have yet to ...

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from Electronics Weekly https://www.electronicsweekly.com/news/business/vw-invest-50bn-ev-production-2018-11/

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