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The Volkswagen group is saving up the money. The reason is a fine that he expects to receive from the European Union. The auto group will not comply with the new emissions rules, which will come into effect on January 1, 2021.
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“We’ve set aside several hundred million euros to make sure,” said Frank Witter, the company’s chief financial officer. The Germans bet on ID.3 to lower the level of emissions in terms of autonomy. But software problems delayed deliveries.
95 grams of carbon dioxide per kilometer is the value that must be respected by any manufacturer that sells cars in the member states of the European Union. Volkswagen hopes to achieve these values by the end of next year. “It’s not the end of the world if we don’t play by the rules,” says Witter.
In an interview with the Financial Times, CEO Herbert Diess announced that Volkswagen may not comply with the rules by the millimeter. “It’s about a gram or something,” Diess teased.
So far, around 40,000 customers have ordered an ID.3, according to Christian Dahlheim, head of Volkswagen’s sales division. Most of them are still waiting for the delivery of zero-emission cars.
In September, the Germans asked for a deal with MG Motor, a Chinese subsidiary of the European automotive group’s alliance with SAIC. But MG Motor’s poor European sales won’t help the auto group significantly reduce its emissions range.
Volkswagen has big plans for electric cars
The Volkswagen Group has big plans in the direction of electrification, writes Automotive News. By 2029, the Germans will have 75 different electric models in their portfolio. They will carry the Porsche, Audi, Bentley, Skoda and SEAT logos. Most of these will be based on the automotive group’s MEB platform. The goal is to sell around 26 million electric cars over the next nine years.
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