• VW wants to storm car market with cheaper electric model

    1 month ago - By Chron

    FRANKFURT, Germany - Volkswagen intends to invest 44 billion euros in the electric and autonomous car technologies expected to reshape the industry - and said it would make battery-powered vehicles more accessible to mass-market auto buyers by selling its new I.D. compact for about what a Golf diesel costs.
    The investment plans for the next five years aim to make Volkswagen "a worldwide supplier of sustainable mobility," Chairman Hans Dieter Poetsch said Friday. He added that the company is in talks with Ford about possible cooperation in making light commercial vehicles.
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