on Feb 28, 2024 4:25:16 GMT -6
Post on Feb 28, 2024 4:25:16 GMT -6
wordcounter.netVolkswagen closes an era : the German manufacturer does not have any plans to develop a new generation with a combustion engine for its legendary Golf . This was reported this Sunday by the brand's CEO, Thomas Schaefer, to the publication Automobilwoche, which marks the end of an automotive era that has existed for almost 50 years. For this reason, the Golf 8 , currently in production, will be the last version with a combustion engine of the utility vehicle and will do so with a series of updates planned for next year. This new electric model, for which no other name is being proposed, will go on the market in 2028 , according to the forecasts conveyed by the manager. "With that, the car will be ready until the end of the decade. Then we will have to see how this segment evolves," the manager stressed.
The lithium shortage slows down the European race towards electric cars and reinforces the worst omens: "Without national production, the industry will not be able to electrify its future" "If in 2026 or 2027 the world evolves in a completely different way than Asia Phone Number List expected, we could develop a completely new vehicle, but I don't think that will be the case. So far that is not expected," he adds. The German company's decision not to invest in improving the Golf, considered for decades the best-selling car on the Old Continent, is the clearest indicator that the industry is looking elsewhere. This is, in a few words, turning from the modernization of combustion engines to reducing the cost of electric vehicles. The brand also plans to launch 10 new electric models between now and 2026, including a battery electric car for less than 25,000 euros.
And under this new roadmap for the sake of a new paradigm in the motor, Volkswagen aims to achieve 80% of electric vehicle sales in Europe and 55% in North America by 2030. In fact, Volkswagen, during the presentation of its annual results , already made its intentions clear and announced its intention to invest 180,000 million euros between 2023 and 2027 to bet on electrification. All in all, the business group has the premise that in 7 years, 50% of its global sales will come from electric vehicles. Without going any further, this morning the Swiss newspaper Tages-Anzeiger, in reference to a senior executive at UBS, advanced that the bank resulting from the acquisition of Credit Suisse by UBS could be ready to face its workforce reduction of between 20% and 30%. The operation could, in this way, materialize, as suspected , in the elimination of some 11,000 jobs in Switzerland.