blogs  
 
yournews
   
 
Video Photos Finance Travel Weather Discussion TV Shows
| |
 
  Home ›
 
Business News

 

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

  Volkswagen logo
 
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

 


Other business News
Eurozone sets conditions for Greek bailout
Australian central bank cuts growth forecasts
China releases Jan trade data
Asian markets slip on Greece bailout fears
Flights back to normal Friday after strike: Air France
Barclays bank reveals drop in profits, cuts bonuses
Hong Kong faces labour shortage
M'sia trade expected to grow at slower pace
Euro edges up as Greece inks reform deal
US stocks gain on Greece, bank mortgage deal
Oil prices rise on Greek deal
Eurozone stalls Greek cash aid pending new conditions
Banks agree US$25b deal for US homeowners
China says January exports expected to have dropped
Greece says agreement reached on austerity measures: ECB
ECB holds key interest rate steady at 1.0%
OPEC cuts 2012 oil demand forecast
China's January inflation hits 3-month high
Spain's economy to worsen in Q1
Indonesia cuts interest rate to record low
Malaysia sees record trade in 2011
Rio Tinto earnings down 59% on aluminium write-down
Asia stocks mixed on Greek fears, China inflation

 

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