FRANKFURT – German automaker Volkswagen plans to intensify its push into electric vehicles as it fights to bounce back from a scandal over diesel cars rigged to cheat on emissions tests.
CEO Matthias Mueller said Thursday the company plans to introduce more than 30 electric-powered vehicles by 2025, and to sell 2 to 3 million of them a year.
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Mueller made the statement as the company introduced a new strategy aimed at streamlining and re-orienting its business for the future. The plan, dubbed “Together – Strategy 2025” also includes a focus on digital mobility, which could include things like as car- or ride-sharing apps.
The company also set as a goal increasing the profitability of the core Volkswagen brand, which is barely making money.