The Anonymous Widower

Volkswagen Transformation Boosts Spending On Electric Vehicles

The title of this post, is the same as that of this article in The Times.

This is the first paragraph.

Volkswagen plans to increase its spending for battery-powered electric vehicles by about 50 per cent to €52 billion by 2026 as part of the carmaker’s far-reaching transformation.

That is a lot of euros.

This is a statement from their Chief Executive; Herbert Diess

We are becoming a battery manufacturer, a charging infrastructure manager, software is playing a more dominant role . . . We are developing new business activities with an unbelievable dimension for us.

Vehicle manufacturers must either change or die.

December 10, 2021 - Posted by | Energy, Transport/Travel | , ,

1 Comment »

  1. “Vehicle manufacturers must either change or die.”

    Pretty much what Munroe analysis company has been saying in various communications and YouTube videos. Munroe tears apart production vehicles to analyse for weak spots in design and execution to advise manufacturers and competitors how to make better vehicles more cost effectively.

    Munro’s recent video where they analyse the finances of legacy car manufacturers using the Altman Z score technique calls into question whether the legacy manufacturers can afford to execute the transformation; many would require a strong sales presence in china to create sales volume to support a change (something the Chinese government is trying to constrain in various ways).

    Comment by MilesT | December 10, 2021 | Reply

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