Other heavyweights, like Italian-American Fiat-Chrysler and France's PSA, have also absented themselves, as well as some of the best-known luxury brands.
After years of delay, German manufacturers still lag foreign competitors, like California's Tesla, on the costly research and development for electric alternatives that can score in the mass market. And stablemate Porsche is betting buyers will be prepared to fork out a massive premium over the Californian brand's top models for its new battery-powered Taycan.
The first model based on VW's modular MEB electric platform, ID.3"is almost critical to survival" for the company, said Stefan Bratzel of the Center of Automotive Management.Marchers expected:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Numsa and motor industry bosses to meet over deadlockUnion demands a 12% wage hike for workers at petrol stations, car dealerships and component companies, against employers’ proposal of a 5% annual increase for three years
Source: BDliveSA - 🏆 12. / 63 Read more »