The “Motor One” website, which specializes in auto news, stated that the Volkswagen Group has not yet made the final decision regarding selling the French supercar manufacturer, but is considering offering other brands affiliated with it for sale.
This is according to a new report issued by Reuters news agency, according to which Volkswagen has set the month of next November, as a deadline to determine the fate of Bugatti, which may put up with it for sale both the Lamborghini and “Ducati” brands of Volkswagen as well.
This comes according to “Motor One”, because of what the Volkswagen Group is currently conducting from a comprehensive evaluation of its cars and its subsidiary brands, in order to reschedule its products to focus on manufacturing electric cars, and to double the market value of its giant group in the markets.
The dream of the world’s largest electric vehicle manufacturer
Volkswagen is relinquishing two of the world’s most powerful supercar brands, reflecting its intention to focus on completely electric cars in the future.
The German group intends to pump more investments in the field of electric cars and digital technology for cars, despite the effects of the new Corona virus pandemic on the automobile industry and investor concerns about the continuing repercussions of the scandal of tampering with the results of exhaust rate tests in diesel cars, known in the media as the “diesel jet” scandal.
“The company’s restructuring will not slow down as a result of the Coronavirus, but rather it will accelerate,” said Herbert Deiss, CEO of Volkswagen Group, yesterday, Wednesday, during the company’s virtual general assembly.
Volkswagen plans to invest 14 billion euros ($ 16.4 billion) in developing digital operation and self-driving cars by 2024.
In addition, Volkswagen intends to invest 33 billion euros in the electric vehicle sector by 2024, as it aims to be the largest producer of electric cars in the world.
The German company’s plans stress the importance of the Chinese market, which is the largest market for cars in the world, in the development of the electric car industry.
“Electric cars will drive growth in the Chinese auto market over the current decade,” Deiss said.
Volkswagen had previously announced its intention to invest 15 billion euros or more in China during the period from 2020 to 2024, as part of its expansion in the field of electric cars.
At the same time, Deiss stressed the importance of digital transformation for the automotive sector and its group.
Deiss told the Virtual General Assembly in Berlin that the transformation in engine technology is the easiest path for traditional car manufacturers to take, adding that the matter will go much further when the car evolves in the coming years to turn into a mobility device connected to the electronic network. Fully”.
Deiss said that Volkswagen should not only be able to provide means of transportation, but also to provide the mind that steers the car safely using artificial intelligence, and he continued that in order to achieve this goal, Volkswagen must turn into a digital company.
Deiss expressed his belief that the start of the new car, the ID.3, is a source of hope, referring to the future of Volkswagen and the achievement of climate goals in the Paris Agreement, and pointed out that the company currently has more than 30 thousand applications for the full electric vehicle.
Deiss hopes the company’s supply of electric cars will grow with the addition of the compact sports car ID4, which Volkswagen unveiled on websites last week, to be added to the ID family.
It is expected that half a million cars of this model will be sold by 2025.
Deiss said he believes Volkswagen is better prepared than its competitors for the expected tightening of targets for carbon dioxide emissions. “In order to support the European Commission Green Agreement, efforts to restructure the value-added chain must once again be strengthened.”
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