The figure represents roughly a third of the group's planned expenditure over the period, underscoring how serious VW is about closing the gap with Asian competitors and the likes of USA tech giantTesla.
Volkswagen will be investing a total of 44 billion euros in future technologies by 2023 with about 3/4 of the money reserved for e-mobility alone. With less complexity and fewer model variants, VW may be able to produce the vehicle in roughly half the time needed to assemble a Golf hatchback, according to the people.
Mr. Poetsch said the I.D. compact would be about the cost of a Golf diesel today, which is priced at /////EURO SYMBOL///// 23,875 ($35,800) in Germany, according to Volkswagen's website, and goes up as options are added.
VW's supervisory board will meet on November 16 to discuss the production overhaul and related investment plans for the next years. "Efficient, modern production facilities will be the key".
The first ID electric auto is due to roll off the production line in Zwickau in 2019, as the plant ramps up to a production capacity of 330,000 electric vehicles.
Around 436,000 industrial jobs in Germany are tied to building petrol and diesel engined vehicles.
VW has promised to guarantee jobs at both sites until 2028.
Little Mix release new album LM5
Little Mix hope their latest music video will "encourage and empower people to be who they are". When we started out it was nearly like, "This is your lane, stay in your lane".
Diess additionally confirmed that VW was "currently in talks" on teaming up with USA competitor Ford in building light commercial vehicles, which would involve sharing factories. In addition, the planned construction of a factory in Eastern Europe.
Diess said partnerships were becoming necessary to achieve cost savings at a time when the industry is undergoing an expensive transformation.
A more rapid adoption of electric vehicles could threaten up to 100,000 jobs, the study warned, adding that regardless of the final number, there will be suppliers that simply won't be able to adapt their business model, especially among small- and medium-sized companies.
Looking further ahead, VW said it was still "exploring the potential" of manufacturing its own batteries for electric cars as concern grows in Europe about the Asian dominance in battery cell production.
Volkswagen's pivot towards e-cars has in part been spurred by efforts to shake off its ongoing "dieselgate" scandal. Last year, the ratio shrank to 6.4 percent.
The group said last month it was on track to beat last year's revenues of 231 billion euros.
All the investors in the companies will be able to request for a refund for the investment made by them during the ICO token sale. Unfortunately, these amounts did not include any of the cryptocurrencies they collected during the Paragon ICO "presale".
Xiaomi's Redmi Note series always manages to create buzz as there are a lot of loyal fans of MI, specifically of Redmi Notes. Xiaomi has also increased the pixel size of the sensor to 1.4um, which should help you click better photos in low-light.
Bowen said a total of 120 passengers were on the plane, and that the right wing and engine were badly damaged in the crash. Global Affairs said it couldn't provide further details on the identity of the Canadian citizen, citing privacy concerns.
Spider-Man, the guilt-ridden, perennially broke, always misunderstood teenager who became a patron saint to geek boys everywhere. We're all part of one big family, the human family, and we all come together in the body of Marvel.
Asked where the result leaves Scotland, the Clermont Auvergne scrum-half replied: "I honestly believe we are right up there". Erasmus is now in credit as South Africa's coach, with seven wins and six losses from 13 matches.
There's no need to even wait for the Star Wars-themed Galaxy's Edge land to open next year at Disneyland and Walt Disney World. Disney additionally released two short teaser trailers of certain features of the park, including the Millennium Falcon.
Online shopping giant eBay has said that it got a similar notification from China Post about them suspending shipping to Canada. The Crown corporation's main sorting plants in Vancouver, Toronto and Montreal normally process about a million parcels daily.
Ranveer, Deepika land in Mumbai after wedding in Paris
As they muscled their way out, Ranveer kept a protective arm around Deepika as intrusive hands reached out for her. The other two wedding receptions will be held in Mumbai on November 28, 2018, and December 1, 2018, respectively.
Migrant caravan reaches Mexico-US border
The migrants are expected to wait at the border for days as USA border officials can handle around 100 migrant applications daily. The caravan began its journey on October 13 in San Pedro Sula, Honduras - more than 4,300 kilometres from Tijuana.
Neha Dhupia and Angad Bedi blessed with a baby girl
Few days back, Angad confirmed on Neha's talk show #NoFilterNeha that they had to plan a sudden wedding because of the baby. Roadies fame Neha Dhupia and husband Angad Bedi welcomed their baby girl this morning (November 18, 2018).
Logano claims first NASCAR Cup championship
Denny Hamlin crashed the party and won the pole at Homestead-Miami Speedway. "This team, Roger Penske, Todd Gordon, the pit crew. He finished second to Kyle Larson in the second stage and led 58 of the 267 laps, all told.