Mexican Media Brands
VW Brand Chief Sees 3-4 Years of Restructuring Ahead
Herbert Diess, who heads Volkswagen Group’s VW brand, says the unit will won’t finish restructuring and recovering from its diesel emission cheating scandal until about 2020.
Share
Herbert Diess, who heads Volkswagen Group’s VW brand, says the unit will won’t finish restructuring and recovering from its diesel emission cheating scandal until about 2020. Still, he claims the brand already is "getting back on track."
Global VW brand sales this year through the first eight months were flat at 3.83 million units. But the debut of redesigned Tiguan crossover vehicle and Touran MPV helped boost volume 5% in August.
The brand is scrambling to streamline production, simplify its product lineup and grant more autonomy to regional markets. Part of the relaunch is a massive shift in product focus from diesels to hybrid and all-electric vehicles.
Diess says the latter move is personified by the I.D. concept that VW unveiled at the Paris auto show this week. The 167-hp electric hatchback, which will go into production in 2020, promises a range of 300-400 km (190-250 miles).
RELATED CONTENT
-
On Automotive: An All Electric Edition
A look at electric vehicle-related developments, from new products to recycling old batteries.
-
Choosing the Right Fasteners for Automotive
PennEngineering makes hundreds of different fasteners for the automotive industry with standard and custom products as well as automated assembly solutions. Discover how they’re used and how to select the right one. (Sponsored Content)
-
Global Supply of Automotive Fasteners from a Single Source
PennEngineering offers a global supply for a wide range of fasteners for the automotive industry, including China-based facilities that manufacture standard and custom products to world-class standards of quality at lower cost.
