VW had this plan all along, it's not really a response to Musk, it's a response to their inabilty to make competitive engines without cheating on emissions.
VAG Going All-Out To Combat Elon, Inc.
It was announced today that Volkswagen, AG is planning on investing about €180 billion in the next several years in a bold attempt to make up ground on TSLA in the EV field.
I'm having mixed feelings about this. One part of me admires VAG for the sheer guts of it......but another part of me has the nagging feeling that this is risky, and could turn out badly...very badly.
All Opinions Welcome!
I'm having mixed feelings about this. One part of me admires VAG for the sheer guts of it......but another part of me has the nagging feeling that this is risky, and could turn out badly...very badly.
All Opinions Welcome!
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A lot of it has been mandated as punishment for past sins... though that punishment may boost their profits.Wonder how much of this new investment is financed through new debt. Not like VW doesn’t already have a lot of that…
1 - 2 of 8 Posts
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