VW Confirms 3 New EVs For 2018, SEDRIC Concept To Enter Production

Volkswagen cars are parked in the forecourt of a inner city Volkswagen dealership in Sydney. – AFP

The company now produces electric vehicles at three locations.

The Volkswagen Group plans to have electric cars wearing all 12 of its automotive brands, plus its Volkswagen Commercial operation and its trucking companies, MAN and Scania.

"Over the last few months, we have pulled out all the stops to implement "Roadmap E" with the necessary speed and determination", Muller added.

The German automaker said that "a supplier decision for North America will be taken shortly".

At the Geneva Motor Show, VW Group introduced three new electric concepts, including the Audi e-tron, the Porsche Mission E Cross, and the I.D. Vizzion - the latter being the latest addition to the growing I.D. range.

On March 13, the Volkswagen Group announced it would be making an even more aggressive push into the electric vehicle (EV) space, with CEO Matthias Müller revealing the group intends to roll out a new EV "virtually every month" from next year.


On the other hand, Volkswagen is the biggest automotive company in the world by unit volume, having sold 10.7 million vehicles previous year across its slew of brands, which includes VW, Audi, Porsche, Skoda, and few high-end luxury brands such as Lamborghini.

Experts see VW's repeated emphasis on this front as a means of getting rid of the stigma of "dieselgate" of 2015 that has continually haunted the firm.

But don't think the company has given up on conventional gas and diesel engines just yet. About 500,000 diesel vehicles with "defeat" devices were sold between 2009 and 2015 in the USA and another 11 million worldwide. VW will be investing almost €20 billion into its conventional vehicle portfolio in 2018, with a plan to invest more than €90 billion ($111 billion) into that same fund over the next five years.

Volkswagen CEO Mueller and CFO Witter pose before the annual earnings news conference of VW in Berlin in Berlin Thomson Reuters BERLIN (Reuters) - Volkswagen said it has selected partners to provide battery cells and related technology worth around 20 billion euros ($24.7 billion) for electric-vehicle (EV) projects in Europe and China, pushing ahead with a shift to zero-emission cars.

Come with us and explore the I.D. Buzz concept.

The Volkswagen Group says that it has the financial resources for the transformation. "Even after deducting special items, this is the best operating profit that the Volkswagen Group has ever achieved". These expenses in the 2017 fiscal year were mainly attributable to higher expenses for the buy-back and retrofitting programmes for 2.0 l and 3.0 l TDI vehicles in North America and to higher legal risks.

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