VW Brand Boss 'Guarantees' Small EV Will Be Profitable

Volkswagen's CEO, Thomas Schäfer, guarantees small EVs will maintain a 6% profit margin. VW plans a sub-€20,000 EV by 2026-27 on the MEB Entry platform. The company will use the Unified prismatic cell for cost advantages and aims to phase out combustion engines in Europe by 2033. Iconic model names like Golf and Tiguan will transition to electric versions based on SSP. Read more.