Auto News for June 17 – VW Goes Electric

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Volkswagen announced it will offer “more than 30 purely battery-powered” electric vehicles over the next decade. The announcement came shortly after a judge in California gave the automaker and interested parties an extra week to reach a decision on how VW will deal with the diesel emission scandal with regulators and class-action lawsuit plaintiffs.

VW said electric vehicles will account for 20 to 25 percent of total sales by the year 2025 while moving into ride sharing services. It will also cut costs in other areas.

As part of its “Together – Strategy 2025” VW will take steps to advance its in-house battery technology and restructure its parts business.

The total program, said CEO Matthis Mueller is the “biggest change process in the history of Volkswagen.” He said this will result in a “new, a better and even stronger Volkswagen.”

Elsewhere:

There has been lots of talk about what the future looks like in light of cooling auto sales figures last month. But GM CEO Mary Barra told CNBC that barring any glitches in the economy she believes the industry can maintain the current annual sales figure of about 17 million cars for the next few years.

There is a Chevy Cruze Hatchback coming this fall and GM has announced prices will start at $22,190. It will be offered in two trim levels – LT and Premier. The Cruze was introduced at the Detroit Auto show in January.

Honda announced today it will recall one million vehicles in China that have Takata airbags. The Detroit News reported that officials in Malaysia are investing two recent deaths in cars equipped with the Takata airbags.

 

 

 

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