Thirty new electric vehicles planned for VW's next decade as it realigns its business post-Dieselgate.
Volkswagen Group chief Matthias Müller has promised the company will "learn from mistakes made," as he announced a large-scale shake-up for one of the world's top three carmakers at a press conference in Germany on Thursday.
Thirty pure electric vehicles are planned for the next decade under a program known as Together – Strategy 2025, with Müller predicting up to a quarter of VW's global sales - or up to 3 million cars - will be EVs by halfway through the next decade.
The group will also put the foot down on developing its own new battery tech and autonomous driving solutions, as it sets out to develop its own in-house AI-based driverless system by 2020.
Mobility solutions – such as ride hailing services like Uber, robotic taxis and car sharing – will also become a plank in the company's strategy, with the aim of returning billions of dollars of revenue by 2025.
Mr Müller also announced a massive realignment of VW's core companies is being planned.
Müller also pointed to finding more efficiencies and cost savings across VW, as the company prepares to cover the cost of fines, lawsuits and reparation work resulting from the diesel emissions scandal; a figure that could run into billions of dollars.
One area that will be required to tighten its belt will be research and development, with Müller flagging an efficiency drive aimed at lowering the ratio of R&D costs to sales revenue. VW is estimated to have spent close to A$30 billion on R&D in 2015.
Hefty cuts to sales and administration costs across the group's worldwide operations were also flagged.
Müller also announced a massive realignment of VW's core companies is being planned, with further streamlining of platforms, powertrains and components ranges across its brands, which include Audi, Bugatti, SEAT, Skoda, Bentley, Lamborghini and Porsche.
An offshoot of this realignment will be further investment in so-called 'economy segment' brands and variants in emerging markets like Asia and China.
VW was, in fact, most of the way through the process of establishing such a brand with its Chinese partners Shanghai Automotive before the diesel emissions scandal put the brakes on all development work coming out of the company last September.
"The Volkswagen of the future will inspire its customers with fascinating vehicles, financial services tailored to demand, and smart mobility solutions. We will be a technology leader and role model when it comes to environment, safety and integrity," said Müller. "In short, Volkswagen will be an enterprise we can all be proud of."
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