The Volkswagen Group is not only one of the world's largest automakers, but it produces cars in almost every auto segment — from the cheapest Volkswagen Golf to Lamborghini and Bugatti supercars costing millions of dollars.
The company, whose origins in Germany are heavily intertwined with the Nazi party, is currently recovering from what most would say is the worst scandal in its history. Prosecutors in the U.S. and Germany have charged several executives with fraud with some sentenced to hard jail time for cheating on diesel emissions tests.
The company agreed to pay more than $10 billion to settle the scandal in the U.S. with part of that money dedicated to building zero-emission vehicles and the infrastructure to support electric cars. The company is taking that a step or two farther, pumping billions of dollars into changing over much of its line-up to electric vehicles.
Many in the auto industry are skeptical that anyone can actually make money off electric vehicles, barring big leaps in battery technology and charging speed. But many also say that Volkswagen's sheer size and extremely diverse portfolio mean that if anyone can do it, it might be the German giant.
😂😂😂
because they've been FORCED to by their GLOBALIST masters
VW by another VW,never,repeat the same mistake twice, is a sign of low intelligence.
VW I admit,that the grocer on the corner,with the pencil on the ear,mistake in the accounts, or has the scale to weigh more,VW.INADMISSIBLE
Except for that one minor problem... Battery supply
We want to see what the new Kombi looks like, the one coming here in 2020.
To get away from putins oil markle is smart but I hope she can stand the forces trying to darken her good works
Because they have to that’s why because a climate tax is impending reminiscent of the sugar tax implemented not so long ago.
LOL, ferry porsche is turning in his grave...
to lose Money ?
because of Tesla?
And like cnbc they lie and cheat?
I love this. Did you know the VW was Nazi? Beautiful. Tasty.
There is a limit to this electric heresy. I wonder when reports will be done on the butterfly effect if these batteries.
Really? That's why their Audi E-Trons selling is just below 500 unit per month? Because it's so perfect! As time goes as many developed countries and especially their Capital cities will ban the internal combustion engine cars. Also they ate struggling to meet euro 6 standards...
Nothing about DieselGate?
In that regard, I agree with you🧡
😂😂😂😂😂
PearlJam’s Patent could
will be if they are cheap
Hydrogen power would address all of their problems.
Car Car Latest News, Car Car Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Forbes - 🏆 394. / 53 Read more »
Source: WSJ - 🏆 98. / 63 Read more »
Source: ABC - 🏆 471. / 51 Read more »