Rumor: After Dieselgate Disaster, VW Planning Big Move to Electric Vehicles
May 30th, 2016Via: Quartz:
VW is in trouble. Its multi-year deception to hoodwink US environmental laws is costing it billions of dollars, in addition to inestimable public good will. Worse, the scandal has threatened the company’s future. Until last year the maker of the world’s best-selling cars, VW has had to pivot away from its long-term strategic bet on diesel-fueled vehicles, which are at issue in the deception, and to electrics.
Now, in what would seek to eclipse Tesla’s pathmaking electric strategy, VW appears to be poised for a gigantic down-payment on that new future with a possible $11 billion battery factory.
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VW’s own plans are sketchy—a story broken by Handelsblatt, the respected Dusseldorf-based business newspaper, said the idea is to get past Dieselgate, as many call it, and become an industry leader in electric industry technology.
