Big changes on the horizon for Volkswagen
On December 4, Volkswagen said that it will no longer produce gas-powered cars after 2026.
It’s a stunning announcement from one of the world’s largest auto manufacturers and Europe’s top selling car brand. Electric vehicles currently account for a small percentage of global auto sales. How rapidly their share of the market will grow over the next decade is hotly debated.
VW’s second big announcement may factor into the company’s long-term manufacturing strategy here in the U.S. and around the world. CEO Herbert Diess stated that his company is building an alliance with Ford that may eventually see the German auto manufacturer using Ford’s plants to build cars.
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