He said there might be an update in the second half of this year, but added he was not thinking about selling Skoda or Porsche, as they used vehicle platforms of the wider group.
Volkswagen is preparing to roll out a new compact electric car, known as the ID, in 2020 as part of a drive that it expects will see it building 22 million electric cars by 2028 - despite uncertainty about the level of demand for such vehicles. Herbert Diess, CEO of German carmaker Volkswagen addresses the media during the annual news conference at the Volkswagen plant in Wolfsburg, Germany March 12, 2019. REUTERS/Fabian Bimmer
Along with its local partners, Volkswagen plans to invest 4 billion euros in 2019, China Chief Stephan Woellenstein told analysts. The group, which has 4,200 research and development engineers in China, wants to develop connectivity, autonomous driving and smart infrastructure expertise in China, he added.
Volkswagen’s scale would be an important asset in the race to succeed in electric cars, he added. “I take start ups seriously like Tesla ... But this is a scale game I think we have a good chance to succeed.”
Keep showing products at the autoshows but none on the market! Shut up until you have cars at VW dealerships!
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