Volkswagen, the biggest German
company plans to cut more than 40 models within its five important brands in
the international automotive market. The total VW Group, including Volkswagen,
Porsche, Audi, Skoda and Seat, has around 340 best-in-class models in the
global market. But, the list of cars will be reduced to below 300 cars with the
new announcement from Volkswagen. There are two reasons to cut down models, one
is the biggest diesel emission scandal and another one is the sales of all
models were low in the respective markets.
Matthias Muller, Chief Executive
of Volkswagen, announced that the company will cut the few car and motorcycle models
but, he didn’t reveal the number. Additionally, VW has presented a new strategic
plan, “Together –Strategy 2025”. The main objective of the new VW strategy is
the group to focus on introducing self-driving vehicles and electric cars in
the international automotive industry. This plan will implement by Volkswagen
in the coming years to overcome from the major emission scandal that amounts
$18.3 billion.
As per the reports, the carmaker
is difficult to manage the making of multiple models at the production units. In
which, the total of 12 automotive brands like MAN trucks, Ducati motorcycles
and Lamborghini sports cars. The Europe’s largest carmaker plans to get the reputation
again in the market with the implementation of the new strategy plans. Volkswagen
carmaker will invest billions of Euros in introducing the environment-friendly electric
vehicles and become the world leader by the end of 2025 with the automated
driving technology.
Volkswagen has already confirmed that
the company introduces 30 all-new electric cars globally by 2025 end.
Additionally, VW plans to sell nearly 3 million of cars in the car market with
the introduction of the new strategy plan.
Content Source : Automotive Blog
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