Volkswagen Brand to Cut up to 7000 Jobs Amid EV Push

Content image- Phnom Penh Post

The brand plans to bring to market more than 20 vehicles based on the I.D.'s fully electric underpinnings and still intends to sell at least 1 million purely battery-powered vehicles by 2025, he said. Return on sales for VW's namesake brand previous year fell to 3.8% from 4.2%t because of higher spending on future electric models and production bottlenecks triggered by stricter emission rules in Europe.

In this context, VW has announced that automating routine tasks would mean cutting some 5,000 to 7,000 jobs over the next four years. Most of those will be in the form of retirement offers, according to the company, which estimates that roughly 11,000 employees worldwide will be eligible for retirement in 2019.

"We are reviewing our brand portfolio, in the second half of the year we can talk more about this". That said, both of those companies make use on VAG platforms and will need Volkswagen's help to develop next-gen architectures. And of course, they will be followed by various models from the brand new Volkswagen I.D. family. That is, finally, about to change.

Sebastian Vettel reveals the name of his new RB15 in Oz
The communication is better than ever. "I'm confident the vehicle will be better here [than in testing], but if it's enough, we'll find out".

VW will start producing the first model of its all-electric ID auto range toward the end of this year. Other models in this first wave will be the ID.

The plan, announced on Wednesday, comes a day after the German automaker warned it would cut jobs as it speeds up the rollout of electric cars, which are less complex to build and require fewer workers. Given the MEB's overall flexibility, it comes as little surprise the architecture can support smaller cars too. That is when pre-booking for the I.D. starts.

"Volkswagen will be boosting the pace of its transformation... taking important steps this year to strengthen competitiveness on a sustained basis", the flagship brand of the mammoth VW group said in a statement. The renewed drive to build more electric cars comes at a time when the current world's largest carmaker is experiencing a slump in its overall sales.

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