channelnewsasia.com - Volkswagen plans electric car in 2013
   
 
  blogs  
 
yournews
   
   
 
Video Finance Lifestyle Travel Weather Discussion TV Shows
CNA Live    | About Us 
 
  Home ›
 
Business News
  Smaller Text Size Larger Text Size

 
 

Volkswagen plans electric car in 2013
Posted: 04 July 2009 0508 hrs

 
 
Photos  of

   
 


BERLIN : German auto maker Volkswagen hopes to turn out its first all-electric car in 2013, VW head Martin Winterkorn said Friday.

"We are going to use our New Small Family line to offer our first electric vehicle in 2013," he said in a speech, according to an advance text.

"And in 10 years at the latest we want to offer a large number of all-electric vehicles at affordable prices and with the autonomy that our clients expect."

Winterkorn added that VW was aiming for 1.0-1.5 percent of the global all-electric vehicle market by 2020.

Another German manufacturer, Daimler, in late June launched Germany's first hybrid vehicle almost 10 years after market leader Toyota.

German companies until now have mainly focused on diesel engines and, as a result, hybrids represented only 0.2 percent of the market last year, with the sale of 6,500 Toyota, Lexus or Honda models, according to national registration figures.

Volkswagen in late May signed a preliminary agreement with BYD of China to produce hybrid or electric cars, having reached a deal in February with Toshiba of Japan on the development of engines for such vehicles.

- AFP /ls

 

 
Bookmark and Share



Other business News
HK unveils measures to increase property sales transparency
Malaysia issues China's ICBC local banking licence
US lawmakers may penalise China over rigid yuan
Banks should lend more, curb undue bonuses, says ECB
AirAsia profits climb in third quarter
Malaysian economy shrinks 1.2% in Q3
Volkswagen board approves Porsche takeover
Football: Marseille edge PSG in French league
Wall Street down on technology jitters
Sony to launch online download service for TVs
Taiwan to probe AIG unit's buyer
Boeing starts work on second Dreamliner assembly site
Rolls-Royce says Asia's luxury car market picking up
China boosts world steel output
S.Korean shipbuilder STX cuts 351 jobs in France
Dollar strengthens on risk aversion
Oil prices wobble on recovery concerns
Boeing on track to launch first 787 Dreamliner flight by end-2009
Nokia to axe 330 jobs in Finland, Denmark
eBay completes Skype sale
Asia's airline industry showing signs of recovery
Japan maintains 0.1% interest rates, voices deflation fears
Russia, Ukraine reach gas compromise deal

 

 
Affiliate Sites:
 
About Us  |  Contact Us  |  Advertise with Us  |  Terms & Conditions