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 Knowledge Troll on Saturday November 10 2018, @04:59PM
If the existing manufacturers already know how to make money building cars one way then why does Elon go beyond ignoring their collective wisdom from the last 100 years to the point where he tells them they flat out do not know what they are doing and are wrong and stupid. Then he sucks at running a factory and learns the hard way slowly that the incumbents are right. They do know how to make a really heavy complicated machine after doing it for 100 years.
He learns the lesson from that specific point then continues to say they are stupid. Eventually maybe he'll get it and actually run a modern factory with known best practices. Is that how you prove to them electric cars are profitable? By running a factory like a software engineer right out of college?