Volkswagen (VOWG_p.DE) intends to sell electric cars for less than 20,000 euros ($22,836) and protect German jobs by converting three factories to make Tesla (TSLA.O) rivals, a source familiar with the plans said.
VW and other carmakers are struggling to adapt quickly enough to stringent rules introduced after the carmaker was found to have cheated diesel emissions tests, with its chief executive Herbert Diess warning last month that Germany's auto industry faces extinction.
Plans for VW's electric car, known as "MEB entry" and with a production volume of 200,000 vehicles, are due to be discussed at a supervisory board meeting on Nov. 16, the source said.
Fallout from cheating on diesel emissions tests continues. If German automakers, of which VW is the largest, switch to electric vehicles (EVs), will other car companies have to follow suit?
(Score: 2) by maxwell demon on Friday November 09 2018, @07:07PM (1 child)
Those two are orthogonal issues. You can own ICE cars or electric cars, and you can share ICE cars or electric cars. And of course when using Uber, the cars can be ICE or electric, too.
The Tao of math: The numbers you can count are not the real numbers.
(Score: 2) by legont on Saturday November 10 2018, @01:17AM
There is no question that Uber and shares will be electric.
"Wealth is the relentless enemy of understanding" - John Kenneth Galbraith.