Volkswagen to phase out more than 40 car models, report says

Self-driving cars, battery technology and shared ownership models such as the firm’s ride-sharing startup Gett also will play a major role in the company’s future, he said at the press conference at VW’s headquarters in Wolfsburg, Germany.

Nevertheless, Volkswagen’s vehicle sales increased by a big margin after the auto company reinforced its marketing strategies in Korea, which led three models of Volkswagen to be among the top five imported cars here.

After a disastrous “Dieselgate” scandal, Volkswagen tries to make amends by presenting its “TOGETHER – Strategy 2025” plan which aims to introduce a drastic transformation of the German automaker.

June 21 is the big day: the day that Volkswagen has been ordered to reach an agreement with federal regulators regarding the company’s plans to fix and/or buyback 2.0-liter diesel vehicles in the US.

German automaker Volkswagen plans to ramp up its offerings of electric vehicles as it fights to bounce back from a scandal over diesel cars rigged to cheat on emissions tests.

Last year, Volkswagen has sunk deep after reports of alleged rigging of its more than 11 million so-called “clean diesel” cars in Europe and the United States to make it appear that they caused far less pollution in testing that they actually did while on the road, Vox reported.

Lawyers of the vehicle owners are scheduled to present the proposed deal by June 28 to the San Francisco federal judge, who is overseeing the USA lawsuits.

Shortly after Dieselgate broke, Volkswagen vowed to focus more attention on electric cars, but in May, we learned that the company was working to undermine new European regulations that were friendly to EVs.

“Certainly electric vehicles are coming”, Nerad said.

Volkswagen has set aside $18bn to cover the cost of refitting cars with devices to cheat emission tests.

But of the 10 million units sold previous year including Porsches, Audis, Seats and Skodas, just 67,000 were EV or hybrids. The plan is for Volkswagen Truck & Bus, as a multi-brand provider across the cycle, to become the most profitable company in the sector, with a significant presence in all key regions of the globe.