Mexican Media Brands
Audi to Cut Costs by €10 Billion to Support EVs
Volkswagen AG’s Audi unit intends to reduce research and product development costs by €10 billion between now and 2022 to help pay for developing and launching five all-electric cars, sources tell Handelsblatt.
#hybrid #economics
Share
Volkswagen AG’s Audi unit intends to reduce research and product development costs by €10 billion between now and 2022 to help pay for developing and launching five all-electric cars, sources tell Handelsblatt.
The brand’s first such model, an electric crossover to be built in Brussels, is due next year. The car will be a production version of the upcoming Q6 crossover. Reuters says Audi will reduce EV development costs in part by co-developing and sharing an EV platform with sister division Porsche.
Both news outlets say Audi wants to maintain an operating margin of at least 8% during the period. The carmaker’s margin in the first half of 2017 was 8.9%.
RELATED CONTENT
-
Startup Readies Solar-Powered EV
Germany’s Sono Motors GmbH says it has received 5,000 orders for its upcoming Sion electric car, which can be partially recharged by it attached solar panels.
-
Chevy Develops eCOPO Camaro: The Fast and the Electric
The notion that electric vehicles were the sort of thing that well-meaning professors who wear tweed jackets with elbow patches drove in order to help save the environment was pretty much annihilated when Tesla added the Ludicrous+ mode to the Model S which propelled the vehicle from 0 to 60 mph in less than 3 seconds.
-
Bolt EV: Like a Hammer Through a Screen
Some of you may remember the Apple “1984” commercial that ran on January 22, 1984, the ad that announced the Macintosh to the world.