Automakers

VW is cutting 60% of combustion cars to focus on premium market

Volkswagen.badge_.jpg
(Bloomberg)
R
By:
Reuters
April 06, 2022 07:49 AM

BERLIN -- Volkswagen Group will axe 60 percent of its combustion-powered models by the end of the decade and sell fewer cars overall to concentrate on producing more profitable premium vehicles, finance chief Arno Antlitz told the Financial Times.

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