Volkswagen doesn’t expect electric cars to hurt profit margins

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Volkswagen does not expect the shift in production toward electric cars aimed at averting billions of euros in European pollution fines to hurt its profit margins, Chief Executive Herbert Diess said in a newspaper report on Monday. Diess said the German car maker expected to sell nearly 20,000 Audi e-Tron in 2019, adding the first year’s production of the electric Porsche Taycan was already sold out. Orders for the VW ID.3, the group’s recently unveiled compact electric model, are

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Volkswagen doesn’t expect electric cars to hurt profit margins originally appeared on Autoblog on Mon, 14 Oct 2019 08:29:00 EDT. Please see our terms for use of feeds.

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