EVs are the future, but combustion era 'is not over,' VW CFO says

VW ID4 Visual check Zwickau Germany plant Arc 2024 — Through four months, full-electric models have accounted for 22 percent of VW Group’s sales in Europe, led by the VW ID4, shown here during production in Zwickau, Germany. (VW)

June 05, 2024 04:01 AM

Volkswagen Group has declared it aims to keep a firm foothold in the combustion car sector despite the industry’s ongoing move toward electrification. The move comes amid dwindling demand for battery-electric vehicles.

Featured Stories

Nissan

Nissan to shut more factories, double planned job cuts after $4.5B net loss

Nissan

Nissan also is in talks with Mitsubishi and Honda about joint manufacturing in the U.S., where global companies are trying to source more product.

By:

Hans Greimel

Nissan to shut more factories, double planned job cuts after $4.5B net loss

Honda

Honda forecasts tariffs will hit profits hard, postpones Canada EV investment

Mercedes confirms it will assemble GLC at U.S. plant

ACCII: Are state-level ZEV mandates too much, too soon?

Retail

Latest News

Nissan to shut more factories, double planned job cuts after $4.5B net loss

Rivian concocts a tasty but costly way for EV fans to juice up

CarShield customers file lawsuit, accuse company of fraud and misrepresentation

Honda forecasts tariffs will hit profits hard, postpones Canada EV investment

Staying current is easy with newsletters delivered straight to your inbox.

See More in Automakers

Yugo shows model of small car planned for 2027 production start

VW dealers, after stop-sale orders, left waiting to sell ID Buzz. Again

What the auto industry wants from the new German government

2025 Chevrolet Blazer SS EV: High-performance vrooms into the future

Staying current is easy with newsletters delivered straight to your inbox.