Wednesday, November 23, 2016 08:00 AM

VOLKSWAGEN AIMS TO BOUNCE BACK, BRING ELECTRIC CAR PRODUCTION TO U.S.

Volkswagen's namesake brand hopes to bounce back from its diesel emissions scandal with a broad restructuring that will mean more battery-powered cars, digital services such as ride-sharing, and more SUVs for the U.S. market.

Herbert Diess, the head of the Volkswagen division, unveiled the company's Transform 2025 plan at a news conference Tuesday, saying that "in the coming years, we will fundamentally change Volkswagen. Only a few things will remain as they are."

The plan foresees a major shift in focus toward investments in electric-car technology and in software to enable new ways of using and sharing cars. The Volkswagen division alone expects to sell a million electric vehicles a year by 2025. Including the company's other brands, such as SEAT and Skoda, the Volkswagen Group expects to sell up to 3 million electrics by then.

Diess said the company would also "massively step up" its capacity to develop software, aiming to create industry-leading programs and hardware systems for digitally connected and autonomous cars by 2025.

News source: http://www.tennessean.com/story/money/cars/2016/11/22/volkswagen-aims-to-bounce-back-bring-electric-car-production-to-us/94278966/

See also: Trauger