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Volkswagen is one of the world's largest automotive manufacturers. Automotive brands include Volkswagen passenger cars, Audi, Bentley, Bugatti, Lamborghini, Porsche, SEAT, and Skoda. Commercial vehicle brands include MAN, Scania, and Volkswagen. The company's financial services group provides dealer financing to support floor plans, consumer financing for vehicle purchases, and other financial services.
Volkswagen AG has a chance to leave the diesel emissions scandal behind and become the dominant electric car company. Key to the effort is the ID.3, which VW will start selling in mid-2020 priced starting at about $30,000, to compete with the Tesla Model 3. VW has at least 70 electric cars in its pipeline, including cargo vans and the Taycan, a battery-powered Porsche.
The automaker is keen to acknowledge its green credentials following diesel-gate. An accelerated push on battery electric vehicles (BEVs) is one way management is trying to distance itself from the 2015 crisis—Volkswagen is looking to overtake Tesla as the leading manufacturer of electric cars through its Audi and Porsche brands. Global scale will come from the company’s 18% market share in China—the biggest BEV market, key to electric vehicle dominance. VW plans to unveil five new models in 2019 and numerous plug-in hybrid electric vehicles, including the Audi e-tron and battery-powered versions of the VW Lavida, Bora and Golf. Two new China plants with the capacity to produce 600,000 units annually are set to open next year. The switch to BEVs will remove an estimated 1% of global CO2 emissions yearly, according to company forecasts. By 2025, VW expects to achieve a 30% cut in CO2 fleet emissions, a 50% cut in plant emissions, and the use of renewable energy in every one of its plants. —Michael Dean, adapted from a BI: Focus report on Volkswagen.
I and/or others I advise hold a material investment in the issuer's securities.
_________________________________________________________________________________________________________________
All comments and likes are very appreciated.
Best Regards,
I0_USD_of_Warren_Buffet
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Volkswagen is one of the world's largest automotive manufacturers. Automotive brands include Volkswagen passenger cars, Audi, Bentley, Bugatti, Lamborghini, Porsche, SEAT, and Skoda. Commercial vehicle brands include MAN, Scania, and Volkswagen. The company's financial services group provides dealer financing to support floor plans, consumer financing for vehicle purchases, and other financial services.
Volkswagen AG has a chance to leave the diesel emissions scandal behind and become the dominant electric car company. Key to the effort is the ID.3, which VW will start selling in mid-2020 priced starting at about $30,000, to compete with the Tesla Model 3. VW has at least 70 electric cars in its pipeline, including cargo vans and the Taycan, a battery-powered Porsche.
The automaker is keen to acknowledge its green credentials following diesel-gate. An accelerated push on battery electric vehicles (BEVs) is one way management is trying to distance itself from the 2015 crisis—Volkswagen is looking to overtake Tesla as the leading manufacturer of electric cars through its Audi and Porsche brands. Global scale will come from the company’s 18% market share in China—the biggest BEV market, key to electric vehicle dominance. VW plans to unveil five new models in 2019 and numerous plug-in hybrid electric vehicles, including the Audi e-tron and battery-powered versions of the VW Lavida, Bora and Golf. Two new China plants with the capacity to produce 600,000 units annually are set to open next year. The switch to BEVs will remove an estimated 1% of global CO2 emissions yearly, according to company forecasts. By 2025, VW expects to achieve a 30% cut in CO2 fleet emissions, a 50% cut in plant emissions, and the use of renewable energy in every one of its plants. —Michael Dean, adapted from a BI: Focus report on Volkswagen.
I and/or others I advise hold a material investment in the issuer's securities.
_________________________________________________________________________________________________________________
All comments and likes are very appreciated.
Best Regards,
I0_USD_of_Warren_Buffet