To achieve its aim, Volkswagen will rejig its core businesses, placing a particular focus on "e-mobility." That will include building its own electric batteries -- something that Tesla intends to do -- in the hope that it will sell between two and three million EVs in 2025. Self-driving also forms a big part of those plans, in that it will develop its own "competitive self-driving system (SDS)" and offer it to other companies before the end of the decade. Volkswagen predicts investment in Strategy 2025 will run into the "double-digit" billions (euros), so to finance that, it needs to either save money or increase revenue. Improving the efficiency of its R&D processes is one thing it's singled out, as is driving down the cost of its sales and admin departments.
The "Race to the Clouds" is on and Volkswagen is putting its all-electric I.D. R Pikes Peak prototype racing car to the test. The Pikes Peak International Hill Climb on June 24 in Colorado's Rocky Mountains is a 100-plus year tradition that races vehicles on a 12.4-mile route up to 14,115 feet above sea level with more than 100 turns to navigate. Volkswagen last competed in 1987 with a dual-engine Golf. SEE ALSO: Volkswagen's I.D. Vizzion concept is a self-driving, electric dream car The German carmaker announced Monday that this year, it'll be racing the newest concept from its electric I.D. family. The self-driving, electric concept I.D. Vizzion was presented at the Geneva Motor Show earlier this month.
As Volkswagen tries to win back customers repelled by its systemic cheating on emissions tests, the German automaker announced Thursday a new strategy dedicated mainly to electric vehicles. Volkswagen plans to invest 11 billion in a push toward electric vehicles – releasing 30 such models by 2025 – as well as ride-hailing and autonomous driving. The company has taken a 20-billion hit since it was caught using software to undermine emissions tests on its diesel vehicles. It is expected to reach a settlement in a San Francisco court this month that would compensate owners of affected vehicles. Volkswagen, which owns Audi and Porsche, had advertised its diesel vehicles as an environmentally friendly product.
Volkswagen aims to sell three million electric vehicles a year by 2025. By comparison, Tesla sold 102,807 cars last year, mainly its high-end Model S family sedan and Model X sport-utility vehicle. Production of the Model 3 began last year, but Tesla has struggled to meet production goals. It has taken about 500,000 orders for the Model 3 but is well below its target of building 250,000 cars a year. On Tuesday, Volkswagen Chief Executive Matthias Müller said his company, which owns a dozen brands including VW, Audi, Porsche, Skoda, Bentley and Lamborghini, would launch a new electric vehicle "virtually every month" starting in 2019.