Volkswagen's Electric Plans Please Environmentalists, But Investors Need Convincing

  • 📰 Forbes
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 53%

Energy Energy Headlines News

Energy Energy Latest News,Energy Energy Headlines

Environmentalists were ecstatic after Volkswagen’s annual press conference, while investors looked a bit pensive

VW announced at the meeting Tuesday held at its Wolfsburg headquarters, it now plans to launch 70 battery electric vehicles over the next decade and sell 22 million of them. Previously, VW had said it would sell 15 million battery-electric vehicles by 2025.

Herbert Diess, chief executive officer of Volkswagen AG , left, speaks beside Frank Witter, chief financial officer of Volkswagen AG , during the automaker’s annual news conference in Wolfsburg, Germany. Photographer: Krisztian Bocsi/BloombergVW’s electric plans pleased William Todts, executive director of Brussels-based lobby group Transport & Environment.

For instance, Toyota of Japan sells roughly the same amount of vehicles globally as VW, with a workforce about half the size of VW’s. But VW is held back by its management structure, where unions control half the votes on the 20-seat supervisory board. The balance is held by the state of Lower Saxony with two seats, often both side with the unions.“This is unacceptable. Diess and the organization are tasked to step-up their efforts,” said Evercore ISI analyst Arndt Ellinghorst.

Investment researcher Jefferies said VW gave the impression it is at least thinking about investor concerns.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

To-Mr.Antonioguterres,UN' संयुक्त राष्ट्र संघ द्वारा जारी सतत विकास लक्ष्य अभियान के अंतर्गत हम दोनों भाई भारत मेंअपने क्षेत्र के मां गंगा नदी एवं उनके सहायक नदीयों के दोनों ओर के किनारों के घाटों पर औषधियुक्त और आध्यात्मिक पौध एवं पूजनीय पौध का पौधारोपण का कार्य

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in ENERGY

Energy Energy Latest News, Energy Energy Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Volkswagen warns on jobs as margins slip, electric plans accelerateVolkswagen will cut jobs as it speeds up the rollout of less labor-intensive ele... Keep showing products at the autoshows but none on the market! Shut up until you have cars at VW dealerships!
Source: Reuters - 🏆 2. / 97 Read more »

Boeing gets grounded, China’s vanishing current-account surplus and Volkswagen’s new electric carsOur weekly podcast on the markets, the economy and the world of business Talking about economic warfare.
Source: TheEconomist - 🏆 6. / 92 Read more »

Volkswagen boosts electric vehicle production by 50% with 22 million BEVs by 2029VW is increasing by 50 percent the number of electric vehicles it plans to produce over the next decade with the goal to build 22 million battery electric vehicles, or BEVs, by 2029, up from a previous target of 15 million. Imagine if elonmusk started throwing out 2029 targets for $TSLA production. 😂 Good luck with that vw. Hear that... It's the sound of investors freaking out. Fossil fuel is about 2 be like whale oil.
Source: CNBC - 🏆 12. / 72 Read more »

BMW's China electric car export plans on hold amid tariff uncertaintyBMW's ambitions to establish China as a hub for exporting electric cars are... Why the FUCK isn't this interview getting the wall to wall coverage like the R Kelly one? CNN MSNBC NBCNews politico nytimes AP CBSNews nypost NewYorker NYDailyNews PBS washingtonpost NPR McClatchyDC MSNBCPR CNNPR
Source: Reuters - 🏆 2. / 97 Read more »

Investors need to know which companies will adapt in the age of accelerating climate changeWe are compelled to develop a deeper understanding of the growing body of research that lies at the intersection of company financial information and climate science if we are to paint a robust picture of companies' future risks and opportunities. Sustain_Today People for Ethical Woodlands Demand California be fined for its egregious failure to manage its forests. The money wasted on the Climate Change hoax could be used to take them to court. yep we need to know who is going to waste their $$$$ and quit flying and driving and farting and eating meat!!! pls do tell!!!
Source: CNBC - 🏆 12. / 72 Read more »