VW: Higher Material Costs Will Hike New-Car Prices
Volkswagen AG says the cost of materials needed to meet European carbon dioxide emission standards will drive up its new-car prices over the next several years.
#regulations
Volkswagen AG says the cost of materials needed to meet European carbon dioxide emission standards will drive up its new-car prices over the next several years.
Sales chief Christian Dahlheim tells reporters that entry-level models will be hit with the biggest proportional hikes. He also says new models should help offset the damping effect of higher prices and global trade uncertainty.
But Dahlheim notes that the cost pressure of tightening emission laws is forcing VW, like other carmakers, to review and prune its model lineup and array of powertrain options.
RELATED CONTENT
-
Bill on Self-Driving Cars Stalls in Senate
Congressional efforts to make it easier to develop self-driving cars in the U.S. have stalled in the Senate despite strong bipartisan support.
-
Daimler Cleared to Test Advanced Robotic Cars on Beijing Roads
Daimler AG has become the first foreign carmaker to win permission to test advanced self-driving vehicles on public roads in Beijing.
-
Self-Driving Chevy Bolt Ticketed for Driving Too Close to Pedestrian
Police in San Francisco ticketed the backup driver in a self-driving Chevrolet Bolt for allowing the car to drive too close to a pedestrian in a crosswalk in San Francisco.