German Economy Minister Robert Habeck, in a statement, announced the purchase of a cheap electric vehicle from Volkswagen. wanted.
German name of the company people’s car German Economy Minister Robert Habeck stated that this means and wants an electric vehicle to be produced in the 20 thousand euro range that almost everyone can afford. It describes existing electric vehicles signed by VW as “luxury” due to their high prices. Having difficulty competing with China’s low-priced vehicles Volkswagen, In fact, it has been working on an affordable compact electric for a very long time. However, it is not yet known when that vehicle will be put on the market. The manufacturer, which has been going through difficult times, came to the fore with another news last week. According to the statement made by Kai Grünitz, the head of technical development processes, Volkswagen In order to achieve financial savings, it reduces the new car development process from 4-5 years to 30-36 months. The company states that in the new period, fewer prototypes will be produced and more digital tests will be carried out. In this regard, “We can now carry out the entire development process on a digital prototype, shortening the product development process and reducing costs without sacrificing detailed testing.” says Grünitz, claiming that the decrease in real tests will not have any negative impact on quality.
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Volkswagen, First of all, it came to the fore when it sold a factory and two test tracks in China. The German automobile manufacturer announced that it sold its factory in China’s Xinjiang region, which it operates in partnership with Chinese SAIC Motor Corporation. In addition, the company disposed of the test tracks in Turpan and Anting. The factory in the Xinjiang region was at the center of serious criticism for human rights violations against the Uyghur people in the region.
Volkswagen reported that its operating profit fell by 42 percent in the third quarter. While the company’s operating profit fell to 2.86 billion euros, third quarter sales revenues decreased by 0.5 percent annually to approximately 78.5 billion euros. Volkswagen also said that vehicle sales decreased by 8.3 percent in the third quarter of 2024 compared to the same period of the previous year.
Making a statement on these results, company CEO Oliver Blume stated that behind the bad situations were structural problems that have been going on for decades. Blume, who is also the CEO of Porsche, is the owner of the world’s second largest automobile manufacturer. must cut costs significantly to recover he had expressed. In his later statement, the CEO said that factory closures and layoffs were inevitable in order to recover.