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Autoeuropa owner will inject 60 billion into a new generation of cars …

by ace
Autoeuropa owner will inject 60 billion into a new generation of cars ...

After announcing the start of production of ID.3, Volkswagen guarantees that it will keep its foot on the accelerator of investment in electric and hybrid vehicles.

The German car giant, which in Portugal produces the Sharan and T-Roc models at Autoeuropa in Palmela, has announced that it will build up to 75 electric car models and about 60 hybrids. The investment, to be made by 2024, also includes digital technology.

“Hybridization, electrification and digitization of our fleet are becoming increasingly important focus areas. We aim to take advantage of economies of scale and achieve maximum synergies. In the face of the worsening economic situation, we are also working to increase our productivity. , efficiency and cost base to ensure we meet our goals, "said Herbert Diess, CEO of the Volkswagen Group, in a statement.

By 2029, there will be about 32 million units of this new model (26 million electric and 6 million hybrid) with the owner of Autoeuropa arriving on the road.

Volkswagen's tram offer currently consists of the e-up models (the first launched in 2013), e-Golf and ID in the Buzz, Crozz, Vizzion, R and 3 strands. In the hybrids, the Golf GTE, Passat GTE and Passat Variant GTE.

The new electric vehicles now announced will be produced outside Germany at Volkswagen's factories in the Czech Republic, the United States and China. The hybrids will leave Germany.

Of the 60 billion euros of investment now announced by Volkswagen, more than half (33 billion) goes entirely to electric mobility. This cake, assures the German group, amounts to just over 40% of the company's investment in fixed assets, but represents an increase of about ten percentage points.

The announcement comes after earlier this month the German government and the car industry reached an agreement to increase financial incentives for electric cars, a bonus of up to € 6,000. "It will be possible to support another 650,000 to 700,000 electric vehicles," said Steffen Seibert, a spokesman for the Merkel government.

In Portugal, there is also a financial incentive for the purchase of electric cars. The Environmental Fund provides an incentive for the purchase of electric vehicles of 3,000 euros for individuals and 2,250 euros for companies. A subsidy for the first thousand vehicles and up to a maximum price of 62,500 euros.

This Friday, the German group also confirmed the retrofitting of the Emden factory to begin production of an electric sports utility vehicle (SUV) from 2022. On the location of a new factory, just at the end of the year.

Already at the Palmela plant, Volkswagen should break the record of total annual production of vehicles, reaching 250,000 units by the end of this year.

The Volkswagen Group posted 14.6 billion euros of pre-tax profits in the first nine months of this year, up 16.9% over the same period in 2018. Revenues grew 6.9% to 186.6 billion millions of euros.

. (tagsToTranslate) volkswagen (t) autoeurope (t) hybrid electric cars (t)

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