Over two-thirds of the company’s five-year investment budget is allocated to electrification and digitalization, including up to 15 billion for batteries and raw materials. With markets in turmoil over the collapse of Silicon Valley Bank, Chief Financial Officer Arno Antlitz told analysts, however, that the company could postpone some battery investments if the market did not grow as expected. “The overall target is having at all times solid financials,” Antlitz said.
Antlitz said he hoped that by then the company would have struck enough raw material sourcing deals and expanded battery production to bring down EV costs, 40% of which stem from the cost of the battery. The carmaker said it was finalizing high-performance software for its premium and luxury brands, which could in the medium term be applied across the company, in an attempt to improve operations at its software unit Cariad.
They do have tv machines and such up there in Canadian Country...they know damn well the perils of allowing crime-comitting companies like VW to do business on their lands. Given the commonsense of our neighbors to the north, we can only trust they use it.
🇺🇦🇺🇦🇺🇦🇺🇦🇺🇦🇺🇦🇺🇦
Remember the Volkswagen emission’s scandal. As a company they can’t be trusted. They lied to us and cheated us, so they will do it again.
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Source: CNBC - 🏆 12. / 72 Read more »