Volkswagen does not expect the shift in production toward electric cars aimed at...
FILE PHOTO: Herbert Diess, CEO of German carmaker Volkswagen AG, poses in an ID.3 pre-production prototype during the presentation of Volkswagen's new electric car on the eve of the International Frankfurt Motor Show IAA in Frankfurt, Germany September 9, 2019. REUTERS/Wolfgang Rattay/File Photo
“We do not expect a deterioration in margins. Our advantage is that all our brands have the same platform for electric products and the same batteries that we buy in China,” Diess said in an interview with daily la Repubblica’s Monday supplement A&F. Orders for the VW ID.3, the group’s recently unveiled compact electric model, are already covering the production planned until mid-2020, Diess said.
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