Today's WSJ article (page B3) - "VW Amps Up Electric-Car Plans"
Excerpts include:
* VW has vowed to overtake Tesla "with an extensive rollout of battery and hybrid models over the next five years as well as new production facilities around the world;"
* VW is the largest carmaker worldwide, with sales of 10.7 million vehicles last year, and has said it will "build at least 16 new electric-vehicle plants by 2025 in Europe, China and the U.S. The company expects nine of those plants to be in operation by 2020;"
* VW "aims to sell 3 million electric vehicles a year by 2025;"
* VW owns a dozen brands including VW, Audi, Porsche; Skoda, Bentley and Lamborghini" (how cool would an electric Lambo be?), and intends to "launch a new electric vehicle virtually every month starting in 2019" (as in NEXT YEAR!);
* VW Chief Executive, Matthias Muller commented: "This is how we intend to offer the largest fleet of electric vehicles in the world, across all brands and regions, in just a few years. The absolute numbers are still small, but that will change at the latest when the first models of the next e-generation comes to market;"
* VW "has already invested nearly half of the 50 billion Euros it has earmarked for batteries as it ramps up electric-vehicle output;"
* VW's "new electric-car plants will use standard underlying technology to create greater scale and cut costs;" and
* "Using this strategy, VW's brands are planning to launch 50 new electric models and 30 new hybrids by 2025 and to create electric versions of the company's entire range of more than 300 models by 2030."
Go LAC longgggg!!
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