- CEO Diess: "Volkswagen is setting the standard for e-mobility in the volume market."
- Investments: up to 2022, €3.5 billion to be invested in the further development of conventional powertrains and €6 billion in the future of e-mobility
Chancellor Merkel visits Volkswagen at the IAA: Powertrain concepts of the future presented
At the International Motor Show (IAA) in Frankfurt today, German Chancellor Dr. Angela Merkel was given a glimpse of the automotive future. "The automobile has its best days ahead of it. With the right concepts, Volkswagen will contribute to shaping the automobile of the future," said Dr. Herbert Diess, Chairman of the Board of Management of the Volkswagen brand. Over the next five years, the brand will be investing about €3.5 billion in the optimization of conventional diesel, gasoline and natural gas powertrains. During the same period, €6 billion will be invested in e-mobility. At the IAA, Volkswagen is exhibiting the current state of development with the latest models and presenting the electric future of mobility in the form of concept vehicles from the ID. model family. The first production ID. models will be on show at the IAA in 2019.